Japan · Delayed Price · Currency is JPY Mitsubishi Electric Earnings Call Transcripts
Fiscal Year 2027
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H1 revenue and adjusted operating profit reached records, with growth across all segments and adjusted profit higher in all but digital innovation. FY revenue and adjusted operating profit guidance rose, while net income guidance fell on an expected automotive impairment.
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Q1 saw record revenue and profit growth across all segments, driven by strong demand, price improvements, and a weaker yen. Full-year forecasts were revised upward, with limited impact from the Kumamoto earthquake. Overseas revenue and equity ratios also improved.
Fiscal Year 2026
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A 50% investment by Lin Yin International Investment establishes an alliance with Hon Hai for joint operation of the automotive equipment business. The partnership combines EV manufacturing and design with powertrain, autonomous-driving and in-vehicle technologies, targeting JPY 1 trillion by 2030.
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Revenue and operating profit reached record highs in FY 2026, driven by strong performance across most segments and strategic investments. FY 2027 guidance forecasts further growth, with new adjusted operating profit metrics and continued business restructuring.
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Record Q3 and nine-month revenue and profit were driven by strong Infrastructure and Factory Automation demand, with operating margin and free cash flow also reaching new highs. FY2026 guidance was raised for most segments, though Air Conditioning in North America faces headwinds.
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Record first-half revenue and operating profit were achieved, driven by infrastructure and Factory Automation growth, despite FX headwinds. Full-year revenue guidance was raised, and dividends increased, with strong cash flow and improved margins supporting shareholder returns.
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Record Q1 revenue and profit were achieved, driven by strong infrastructure, life, and factory automation segments, with gains from subsidiary share transfers. Full-year guidance remains unchanged, with tariff and currency headwinds mitigated by price adjustments.
Fiscal Year 2025
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Revenue and operating profit reached record highs, driven by strong Infrastructure and Life segments, despite challenges in Factory Automation and U.S. tariff risks. FY2026 guidance anticipates record operating profit, with ongoing portfolio reforms and a focus on shareholder returns.
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Record Q3 revenue and operating profit were achieved, driven by a weaker yen and strong Infrastructure and Life segments, with a notable one-time gain from MD Logis share sales. Full-year revenue guidance was raised, but some segments, like FA systems and Automotive Equipment, continue to face demand challenges.
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The briefing outlined a strategy integrating core component and digital technologies with foresight innovations to drive sustainable growth, global collaboration, and early commercialization, supported by significant R&D investment and leadership in standardization.