Mitsubishi Electric Announces Difference of Earnings Forecast and Result for Fiscal 2013 (April 1, 2

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

TOKYO--(BUSINESS WIRE)-- 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)

Net sales

Operating
income

Income
before
income taxes

Net income
attributable to
Mitsubishi Electric
Corp.

Basic net income per
share attributable to
Mitsubishi Electric
Corp.

Previous forecast (A)

3,520,000

150,000

40,000

50,000

23.29 yen

Actual results (B)

3,567,184

152,095

65,141

69,517

32.38 yen

Differential (B-A)

47,184

2,095

25,141

19,517

-

Differential ratio (%)

1.3%

1.4%

62.9%

39.0%

-

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.



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/

KEYWORDS: Asia Pacific Japan

INDUSTRY KEYWORDS:

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