Mitsubishi Electric's Fiscal-Year Profit Jumps 26%

MT Newswires Live04-28 16:27

Mitsubishi Electric's (TYO:6503) profit attributable to owners of the parent jumped 26% to 407.7 billion yen for the fiscal year ended March 31 from 324 billion yen a year earlier.

The electronics company's earnings per share increased to 198.31 yen from 155.70 yen a year ago, according to a Tokyo bourse filing on Tuesday.

Revenue climbed 7% to 5.895 trillion yen from 5.522 trillion yen in the prior year.

It declared a final dividend of 30 yen per share for the fiscal 2026, payable from June 2.

For the fiscal year ending March 31, 2027, the company expects attributable profit of 475 billion yen and net sales of 6.2 trillion yen.

Mitsubishi Electric plans to pay interim and year-end dividends of 25 yen and 30 yen per share, respectively, for the current fiscal year (total 55 yen), which is higher than the amount paid in the year-ago period.

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