Mitsubishi Electric Announces Difference of Earnings Forecast and Result for Fiscal 2013 (April 1, 2012-March 31, 2013)

  Mitsubishi Electric Announces Difference of Earnings Forecast and Result for
  Fiscal 2013 (April 1, 2012-March 31, 2013)

Business Wire

TOKYO -- April 30, 2013

Mitsubishi Electric Corporation (TOKYO:6503) announced today the difference
between its consolidated earnings forecast previously announced on February 4,
2013 and the actual result for the current fiscal year.


Difference of Earnings between Forecast and Actual Result for Fiscal 2013
(In millions of yen)
                                                                  Basic net
                                                   Net income     income per
                                        Income     attributable   share
              Net sales  Operating  before    to            attributable
                            income      income     Mitsubishi     to
                                        taxes      Electric       Mitsubishi
                                                   Corp.          Electric
                                                                  Corp.
Previous        3,520,000   150,000     40,000     50,000         23.29 yen
forecast (A)
Actual          3,567,184   152,095     65,141     69,517         32.38 yen
results (B)
Differential    47,184      2,095       25,141     19,517         –
(B-A)
Differential    1.3%        1.4%        62.9%      39.0%          –
ratio (%)
cf. Fiscal
2012            3,639,468   225,444     224,080    112,063        52.20 yen
actual                                                      
results
                                                                  

Explanation of the Difference
Consolidated income before income taxes and net income attributable to
Mitsubishi Electric Corporation are greater than the previous forecast because
non-operating profit and loss is improved by exchange gains due to the
depreciation of the yen since the latter half of the third quarter of fiscal
2013, and other factors.

About Mitsubishi Electric Corporation
With over 90 years of experience in providing reliable, high-quality products,
Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in
the manufacture, marketing and sales of electrical and electronic equipment
used in information processing and communications, space development and
satellite communications, consumer electronics, industrial technology, energy,
transportation and building equipment. Embracing the spirit of its corporate
statement, Changes for the Better, and its environmental statement, Eco
Changes, Mitsubishi Electric endeavors to be a global, leading green company,
enriching society with technology. The company recorded consolidated group
sales of 3,567.1 billion yen (US$ 37.9 billion*) in the fiscal year ended
March 31, 2013. For more information visit http://www.MitsubishiElectric.com
*At an exchange rate of 94 yen to the US dollar, the rate given by the Tokyo
Foreign Exchange Market on March 31, 2013.

Contact:

Mitsubishi Electric Corporation
Investor Relations Inquiries:
Investor Relations Group
Corporate Finance Division
Tel: +81-3-3218-2391
Cad.Irg@rk.MitsubishiElectric.co.jp
or
Media Contact:
Arisa Mori, +81-3-3218-2810
Public Relations Division
prd.gnews@nk.MitsubishiElectric.co.jp
http://www.MitsubishiElectric.com/news/
 
Press spacebar to pause and continue. Press esc to stop.