REG - Mitsubishi Elect. - Statement re (Additional Disclosure of Forecast)

Mitsubishi ElectricAnnouncement

01/06/2020 07:00

RNS Number : 5000O
  
Mitsubishi Electric Corporation
  
01 June 2020
  
 

 




FOR IMMEDIATE RELEASE


 




 


 
Investor Relations Inquiries




 


 




 


Investor Relations Group, Corporate Finance Division




 


Mitsubishi Electric Corporation




 


Cad.Irg@rk.MitsubishiElectric.co.jp




 


 




 
Mitsubishi Electric Announces Additional Disclosure Regarding Consolidated Financial Results for Fiscal 2020
 
TOKYO, June 1, 2020 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today it has disclosed forecast of revenue and operating profit by segment regarding current consolidated forecast for fiscal 2021 (April 1, 2020- March 31, 2021), which had been disclosed in "Mitsubishi Electric Announces Consolidated Financial Results for Fiscal 2020" dated May 11, 2020.
              The current consolidated forecast for full year (revenue, operating profit, profit before income taxes and net profit attributable to Mitsubishi Electric Corp. stockholders) has not been changed.
 
 
Revenue and Operating Profit by Segment
(Billions of yen, year-on-year % change)




　


　


　


　


　


　


　


　


FY '19


FY '20


FY '21




　


　


　


　


　


　


　


　


(Actual)


(Actual)


(Forecast)




Energy and Electric Systems


Revenue


1,296.7 


(+3)


1,307.3 


(+1)


1,300.0 


(-1)




Operating profit


82.5 


(+26)


82.3 


(0)


75.0 


(-9)




Industrial Automation Systems


Revenue


1,467.6 


(+2)


1,349.4 


(-8)


1,160.0 


(-14)




Operating profit


142.5 


(-24)


68.9 


(-52)


13.0 


(-81)




Information and Communication Systems


Revenue


426.2 


(-3)


455.5 


(+7)


400.0 


(-12)




Operating profit


12.2 


(+8)


26.4 


(+116)


18.0 


(-32)




Electronic Devices


Revenue


199.9 


(-1)


208.7 


(+4)


220.0 


(+5)




Operating profit(loss)


1.4 


(-90)


8.7 


(+503)


-5.0 


(-)




Home Appliances


Revenue


1,074.0 


(+2)


1,090.2 


(+2)


990.0 


(-9)




Operating profit


59.4 


(+7)


78.2 


(+32)


33.0 


(-58)




Others


Revenue


676.7 


(+3)


659.6 


(-3)


640.0 


(-3)




Operating profit


24.1 


(+1)


26.0 


(+8)


18.0 


(-31)




Subtotal


Revenue


5,141.3 


(+2)


5,071.0 


(-1)


4,710.0 


(-7)




Operating profit


322.3 


(-10)


290.6 


(-10)


152.0 


(-48)




Eliminations

and corporate


Revenue


-621.4 


　


-608.5 


　


-610.0 


　




Operating profit


-31.8 


　


-31.0 


　


-32.0 


　




Consolidated total


Revenue


4,519.9 


(+2)


4,462.5 


(-1)


4,100.0 


(-8)




Operating profit


290.4 


(-11)


259.6 


(-11)


120.0 


(-54)



 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



*The telecommunication systems business, which was included in the Information and Communication Systems Segment untill FY '20, is included in the Energy and Electric Systems segment from FY '21 and after.  
*The figures of each segment for FY '21 (Forecast) in "Supplementary Materials 2. Revenue and Operating Profit by Segment", which had been disclosed in "Mitsubishi Electric Announces Consolidated Financial Results for Fiscal 2020" dated May 11, 2020, were the forecast without the impact of COVID-19.
 
Note: While the forecast herein are based on assumptions the Company considerts to be reasonable at the present time, actual results may differ from forecasts. Please refer to the cautionary statement below.
 
 
Cautionary Statement
While the statements herein including the forecast of the Mitsubishi Electric Group are based on assumptions the Group considers to be reasonable under the circumstances on the date of announcement, actual results may differ significantly from forecasts.
Such factors materially affecting the expectations expressed herein shall include but are not limited to the following: 
 
(1)  Any change in worldwide economic and social conditions, as well as laws, regulations, taxation and other legislation
(2)  Changes in foreign currency exchange rates, especially JPY/US dollar rates
(3)  Changes in stock markets, especially in Japan
(4)  Changes in balance of supply and demand of products that may affect prices and volume, as well as material procurement conditions
(5)  Changes in the ability to fund raising, especially in Japan
(6)  Uncertainties relating to patents, licenses and other intellectual property, including disputes involving patent infringement
(7)  New environmental regulations or the arising of environmental issues
(8)  Defects in products or services
(9)  Litigation and legal proceedings brought and contemplated against the Company or its subsidiaries and affiliates that may adversely affect operations or finances
(10)  Technological change, the development of products using new technology, manufacturing and time-to-market
(11)   Business restructuring
(12)   Incidents related to information security
(13)   Large-scale disasters including earthquakes, typhoons, tsunami, fires and others
(14)   Social or political upheaval caused by terrorism, war, pandemics, or other factors
(15)   Important matters related to the directors and executive officers, major shareholders and affiliated companies of Mitsubishi Electric Corporation
 


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