Mitsubishi Electric Raises First-Half Net Profit 56.8% to ¥297,025 Million
Key Facts
Mitsubishi Electric said net profit attributable to shareholders rose 56.8% to ¥297,025 million in the first half of fiscal 2027, ended September 30, 2026, compared with the same period a year earlier. In its earnings announcement, the company said revenue increased 14.4% to ¥3,125,147 million. Profit growth outpaced revenue growth, with operating profit rising 59.6% to ¥358,112 million. Profit before tax also increased 58.9% to ¥403,553 million. The results put the company ahead of the previous first half, as it raised its forecast for the fiscal year ending in March 2027.
The year-on-year comparison shows a wider increase in net profit: it rose from ¥189,397 million in the first half of fiscal 2026 to ¥297,025 million in the current period. Revenue, meanwhile, grew from ¥2,732,504 million to ¥3,125,147 million. Adjusted operating profit was ¥344,778 million, up 68.5% year on year, outpacing revenue growth. Both reported and adjusted operating profit therefore grew faster than sales during the period. These figures highlight the breadth of first-half profit growth, without the company attributing the increase to a specific cause in these figures.
By segment, Life recorded the highest revenue, at ¥1,281,393 million, compared with ¥1,139,117 million a year earlier. Industry & Mobility generated revenue of ¥908,268 million, up from ¥791,190 million in the previous first half. The figures show revenue increased in both segments year on year, with Life remaining the larger of the two by revenue. The segment results show how the group’s sales are distributed across its businesses, while total company revenue reached ¥3,125,147 million. The cited statement did not specify the reasons for the revenue increase in each segment.
Revenue from customers outside Japan accounted for a larger share of the company’s sales, reaching ¥1,706,919 million, or 54.6% of the total, compared with ¥1,447,253 million and 53.0% a year earlier. Asia excluding Japan recorded ¥742,652 million, up from ¥589,585 million in the comparable period. This means the share of revenue generated outside Japan rose from the previous first half, alongside growth in Asian revenue excluding Japan. The figures provide a measure of the geographic distribution of sales during the period, alongside the segment breakdown. They do not specify the contribution of each market to profit growth.
Mitsubishi Electric raised its forecast for the fiscal year ending March 31, 2027, saying its financial outlook had been revised. The company expects annual revenue of ¥6,550,000 million, adjusted operating profit of ¥710,000 million and net profit attributable to shareholders of ¥465,000 million. The revision follows first-half results showing revenue and profit growth compared with the previous year. The company also forecast annual dividends of ¥60 per share for fiscal 2027, including an interim dividend of ¥30 per share. Dividend payments are scheduled to begin on December 2, 2026.
The company is scheduled to file its semiannual securities report on November 10, 2026. In market trading, the MIELY receipt closed at $61.41 on October 29, 2026, according to EL7 data. The available trading data are limited to that day’s closing price. The semiannual report date follows the results announcement for the period ended September 30. The forthcoming report will provide the semiannual disclosure scheduled for the date set by the company.