Mitsubishi Electric Announces Consolidated Financial Results for the First Quarter of Fiscal 2026

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today its consolidated financial results for the first quarter, ended June 30, 2025, of the current fiscal year ending March 31, 2026 (fiscal 2026).

The full document on Mitsubishi Electric’s financial results can be viewed at the following link:
www.MitsubishiElectric.com/en/pr

Consolidated Financial Results

Billions of yen	Q1 FY25	Q1 FY26	YoY
Revenue	1,286.4	1,312.8	+26.4	102%
Operating profit	58.6	111.9	+53.3	191%
%	4.6%	8.5%	+3.9pt	-
Profit before income taxes	76.1	124.0	+47.9	163%
Net profit attributable to Mitsubishi Electric Corp. stockholders	49.1	90.9	+41.7	185%

Key Points

1. Q1 FY26: Revenue ¥1,312.8 bn (+¥26.4 bn YoY), Operating Profit ¥111.9 bn (+¥53.3 bn YoY)
- Although impacted by the stronger yen, both revenue and profit increased YoY, mainly due to increases in sales in the Infrastructure and Life segments and the factory automation systems business, as well as the impact of the share-transfer of the company’s subsidiary. Both revenue and operating profit reached record highs for Q1.

2. FY26 Forecast: Revenue ¥5,400.0 bn, Operating Profit ¥430.0 bn (unchanged from the previous announcement)
- Although sales volume forecasts for the automotive equipment business have been revised, revenue and profit forecasts remain unchanged from the previous announcement, supported by a weaker-than-expected yen in Q1 and reflecting an increase in demand related to artificial intelligence (AI) in the factory automation systems business.
- The impact of U.S. tariff policies is expected to remain unchanged from the previous forecast (−¥30.0 bn), taking into account increased costs up to the additional reciprocal tariffs and the feasibility of various countermeasures at this stage such as reflecting the costs on product prices.
- Mitsubishi Electric Group will steadily promote initiatives to strengthen the resilience of its management structure, including improvements in product prices, cost reductions, and the optimization of indirect costs.

Note:

The results forecast above is based on assumptions deemed reasonable by Mitsubishi Electric at the present time, and actual results may differ significantly from forecasts. Please refer to the cautionary statement in the full document.