Mitsubishi Electric Corporation released its consolidated financial results for the third quarter and the first nine months of fiscal year 2025, ending December 31, 2024. The company reported a revenue of ¥4,000.4 billion, marking a 5.8% increase from the same period in the previous fiscal year. This growth is attributed to strong performances in the Infrastructure and Industry & Mobility segments.

The cost of sales was ¥2,771.0 billion, resulting in a gross profit of ¥1,229.3 billion. Selling, general, and administrative expenses totaled ¥951.4 billion. The company also reported other profits amounting to ¥25.7 billion, leading to an operating profit of ¥303.6 billion, a significant 36.5% increase year-over-year.

Financial income stood at ¥16.9 billion, while financial expenses were ¥5.4 billion. The share of profit from investments accounted for using the equity method was ¥29.6 billion. Consequently, profit before income taxes reached ¥344.6 billion. After accounting for income taxes of ¥76.8 billion, the net profit was ¥267.8 billion, a 36.4% increase from the previous year. Net profit attributable to Mitsubishi Electric Corporation stockholders was ¥248.1 billion, with ¥19.7 billion attributable to non-controlling interests.

In terms of comprehensive income, the company reported ¥340.8 billion, up from ¥315.6 billion in the previous year. This includes other comprehensive income of ¥73.0 billion, primarily due to exchange differences on translating foreign operations and changes in the fair value of financial assets.

As of December 31, 2024, total assets were ¥6,234.8 billion, an increase of ¥67.5 billion from March 31, 2024. Current assets were ¥3,636.7 billion, with cash and cash equivalents totaling ¥734.0 billion. Non-current assets amounted to ¥2,598.2 billion.

Total liabilities decreased by ¥93.2 billion to ¥1,745.9 billion. Current liabilities were ¥1,745.9 billion, including trade payables of ¥574.6 billion and contract liabilities of ¥325.8 billion. Non-current liabilities stood at ¥1,745.9 billion. Equity attributable to Mitsubishi Electric Corporation stockholders increased by ¥161.0 billion to ¥4,161.0 billion, while non-controlling interests rose by ¥0.3 billion to ¥327.9 billion.

These results reflect Mitsubishi Electric’s robust performance across its business segments and its strategic focus on growth and profitability.

The Energy and Electric Systems segment experienced a revenue increase due to strong demand for power generation and distribution systems, particularly in renewable energy sectors. The Industrial Automation Systems segment also saw growth, driven by increased capital investments in factory automation and robust sales in the automotive sector. Conversely, the Information and Communication Systems segment faced a decline in revenue, attributed to decreased demand for communication systems.

In its consolidated financial results Mitsubishi Electric reported notable performance in its Semiconductor & Device segment. This segment encompasses the company’s semiconductor operations, including power devices and other electronic components.

Third Quarter Semiconductor & Device Performance:

  • Revenue: The Semiconductor & Device segment achieved a revenue of ¥67.8 billion in Q3 FY25, reflecting a slight decrease of ¥1.9 billion compared to the same period in the previous fiscal year.
  • Operating Profit: The segment reported an operating profit of ¥8.4 billion, marking an increase of ¥0.5 billion year-over-year. The operating profit margin improved to 12.5%, up from 11.3% in Q3 FY24.

Original – Mitsubishi Electric