Mitsubishi Electric Announces Consolidated Financial Results for the Second Quarter (First Half) of Fiscal 2026

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today its consolidated financial results for the second quarter (first half), ended September 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	H1 FY25	H1 FY26	YoY
Revenue	2,643.5	2,732.5	+88.9	103%
Operating profit	176.6	224.3	+47.6	127%
%	6.7%	8.2%	+1.5pt	-
Profit before income taxes	176.7	253.9	+77.2	144%
Net profit attributable to Mitsubishi Electric Corp. stockholders	118.6	189.3	+70.7	160%

Key Points

1. H1^(*1) FY26: Revenue ¥2,732.5 bn (+¥88.9 bn YoY), Operating Profit ¥224.3 bn (+¥47.6 bn YoY)
- Although impacted by the stronger yen, both revenue and operating profit increased YoY, due to increases in sales mainly in the Infrastructure segment, and the progress of initiatives for improving profitability such as improvements in product prices, as well as a one-time income from the share transfer of the company’s subsidiary, etc. Both revenue and operating profit reached record highs for H1.

2. FY26 forecast: Revenue ¥5,670.0 bn (+¥270.0 bn from the previous forecast), Operating Profit ¥430.0 bn (unchanged from the previous forecast)
- Revenue is expected to exceed the previous forecast mainly due to foreign exchange rates reconsidered in line with the weaker yen, in addition to sales growth mainly in the Infrastructure segment. Although the impact of the special measures under the Next-Stage Support Program^(*2) has been reflected under certain assumptions, operating profit remains unchanged from the previous forecast since the company expects an increase in sales, a change in foreign exchange rates, and has been reflecting the impact of U.S. tariff policies on product prices.
- Mitsubishi Electric Group will steadily promote initiatives to strengthen the resilience of its management structure.

3. Interim dividend of 25 yen per share declared (+¥5 YoY), which is the same as the forecast announced earlier, and year-end dividend expected to be 30 yen per share

(*1) H1: First half of the fiscal year (April–September)
(*2) Next-Stage Support Program: https://www.mitsubishielectric.com/en/pr/2025/pdf/0908.pdf

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.