Mitsubishi Electric Corporation revised earnings guidance for the fiscal year 2025. For the period, the company expects revenue to be ¥5,390.0 billion (+¥90.0 billion compared to the previous forecast), operating profit to be ¥400.0 billion (unchanged from the previous announcement). The revenue forecast has been revised upward partly due to a reconsideration of foreign exchange rates, while incorporating the impact of the delay in market recovery for factory automation systems. The company will steadily implement initiatives to achieve earnings targets, including improvements in product prices to reflect the impact of rising procurement costs.
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- Mitsubishi Electric Corporation Revises Earnings Guidance for the Fiscal Year 2025