Mitsubishi Denki KK

Latest Results (14.08.2024):

Revenue

Mitsubishi Denki KK reported a revenue increase of 254.2 billion yen year-on-year, reaching 5,257.9 billion yen for the fiscal year 2024. This growth was primarily driven by a weaker yen and price hikes. Significant contributions came from the Life segment, particularly in building systems and air conditioning systems, as well as the Infrastructure segment, which saw gains in public utility and transportation systems businesses.

Operating Profit

Operating profit for Mitsubishi Denki KK rose by 66.1 billion yen year-on-year, totaling 328.5 billion yen for fiscal 2024. The operating profit ratio improved by 1.0 points to 6.2%, mainly due to a better cost ratio influenced by the weaker yen and price hikes. Despite an increase in selling, general, and administrative expenses, the overall operating profit saw a significant boost.

Profit Before Income Taxes

Profit before income taxes for Mitsubishi Denki KK increased by 73.6 billion yen year-on-year, reaching 365.8 billion yen for fiscal 2024. This rise was primarily attributed to the increase in operating profit. The profit before income taxes to revenue ratio stood at 7.0%, reflecting the company's improved financial performance.

Net Profit

Net profit attributable to Mitsubishi Denki KK stockholders saw a substantial increase of 71.0 billion yen year-on-year, amounting to 284.9 billion yen for fiscal 2024. This growth was mainly due to the rise in profit before income taxes. The net profit to revenue ratio was 5.4%, and the return on equity (ROE) improved by 1.3 points to 8.2%.

Dividends and Outlook

Mitsubishi Denki KK has not provided specific details on dividends in the latest financial results for fiscal 2024. However, the company remains optimistic about its future outlook, focusing on maximizing profitability through business transformation and strategic initiatives to bolster competitiveness and business structure.