[Translation]
This document has been translated from the Japanese original for the convenience of overseas stakeholders. In the event of any discrepancy between this document and the Japanese original, the original shall prevail.
Quarterly Report
The Second Quarter of 152nd Business Term
From July 1, 2022 to September 30, 2022
Mitsubishi Electric Corporation
7-3, Marunouchi 2-chome,Chiyoda-ku, Tokyo
The Second Quarter of 152nd Business Term (from July 1, 2022 to September 30, 2022)
Quarterly Report
This is an English translation of the Quarterly Report ("Shihanki Hokokusho") pursuant to Article 24-4-7, paragraph 1 of the Financial Instruments and Exchange Act of Japan filed via the Electronic Disclosure for Investors' Network ("EDINET") system as set forth in Article 27-30-2 of the same Act. The translation includes a table of contents and pagination that are not included in the electronic filing.
Mitsubishi Electric Corporation
Table of Contents | |||
Page | |||
Cover | 1 | ||
Ⅰ. Overview of the Company | 2 | ||
1. | Key Financial Data | 2 | |
2. | Description of Business | 3 | |
Ⅱ. Business Overview | 4 | ||
1. | Business and Other Risks | 4 | |
2. | Management Analysis of Financial Position, Operating Results and Cash Flows | 4 | |
3. | Material Agreements, etc. | 9 | |
Ⅲ. Information on the Company | 10 | ||
1. | Information on the Company's Stock, etc. | 10 | |
(1) | Total number of shares, etc. | 10 | |
(2) | Information on the stock acquisition rights, etc. | 10 | |
(3) | Information on moving strike convertible bonds, etc. | 10 | |
(4) | Changes in the total number of issued shares and the amount of common stock, etc. | 10 | |
(5) | Principal shareholders | 11 | |
(6) | Information on voting rights | 13 | |
2. | Directors and Executive Officers | 14 | |
Ⅳ. Financial Information | 15 | ||
1. | Condensed Quarterly Consolidated Financial Statements | 16 | |
(1) | Condensed Quarterly Consolidated Statement of Financial Position | 16 | |
(2) | Condensed Quarterly Consolidated Statement of Profit or Loss and Condensed Quarterly Consolidated | 18 | |
Statement of Comprehensive Income | |||
(3) | Condensed Quarterly Consolidated Statement of Changes in Equity | 22 | |
(4) | Condensed Quarterly Consolidated Statement of Cash Flows | 23 | |
2. | Other | 32 |
[Cover]
[Filed Document]
[Applicable Law] [Filed to] [Filing Date] [Fiscal Year] [Company Name]
[Company Name in English]
[Title and Name of Representative]
[Address of Head Office]
[Phone Number]
[Contact Person]
[Contact Address]
[Phone Number]
[Contact Person]
[Place Where the Filed Document is Available for Public Inspection]
Quarterly Report ("Shihannki Hokokusho")
Article 24-4-7, Paragraph 1 of the Financial Instruments and Exchange Act of Japan
Director, Kanto Local Finance Bureau
November 8, 2022
The Second Quarter of 152nd business term (from July 1, 2022 to September 30, 2022)
Mitsubishi Denki Kabushiki Kaisha
Mitsubishi Electric Corporation
Kei Uruma, President & CEO
7-3, Marunouchi 2-chome,Chiyoda-ku, Tokyo
03(3218)2111
(This has been changed since the current quarterly report.)
Takashi Wakabayashi, Senior Manager, Accounting Section, Corporate Accounting Division
7-3, Marunouchi 2-chome,Chiyoda-ku, Tokyo
03(3218)2111
Takashi Wakabayashi, Senior Manager, Accounting Section, Corporate Accounting Division
Tokyo Stock Exchange, Inc.
(2-1, Nihombashi Kabutocho, Chuo-ku, Tokyo)
Cautionary Statement
While the statements herein, including the forecasts regarding the Mitsubishi Electric Group, are based on assumptions considered to be reasonable under the circumstances on the date of announcement, actual results may differ significantly from forecasts.
The main factors materially affecting the expectations expressed herein include but are not limited to the following:
- Changes in worldwide economic and social conditions, as well as regulations, taxation and other legislation
- Changes in foreign currency exchange rates
- Changes in stock markets
- Changes in the fund-raising environment
- Changes in the supply and demand of products, as well as the material procurement environment
- Establishment of important patents, status of significant licenses and disputes related to key patents
- Litigation and other legal proceedings
- Issues related to quality and defects in products or services
- Laws, regulations and issues related to the global environment, especially responses to climate change
- Laws, regulations and issues related to human rights
- Radical technological innovation, as well as the development, manufacturing and time-to-market of products using new technology
- Business restructuring
- Information security incidents
- Large-scaledisasters, including earthquakes, tsunamis, typhoons, volcanic eruptions and fires
- Social, economic and political upheaval due to heightened geopolitical risks, war, conflict, terrorism or other factors
- Social, economic and political upheaval due to pandemics or other factors
- Important matters related to Mitsubishi Electric Corporation's directors and executive officers, major shareholders, affiliated companies and other stakeholders
- 1 -
Ⅰ. Overview of the Company
1. Key Financial Data
(Millions of yen, unless otherwise stated)
For the six months | For the six months | Year ended | |
ended Sept. 30, 2021 | ended Sept. 30, 2022 | Mar. 31, 2022 | |
Revenue | 2,138,377 | 2,339,567 | 4,476,758 |
[For the three months ended September 30, 2021 and | [1,071,935] | [1,271,844] | |
2022, respectively] | |||
Profit before income taxes | 148,395 | 103,111 | 279,693 |
Net profit attributable to | 104,836 | 74,825 | 203,482 |
Mitsubishi Electric Corp. stockholders | |||
[For the three months ended September 30, 2021 and | [43,001] | [41,333] | |
2022, respectively] | |||
Comprehensive income attributable to Mitsubishi | 112,559 | 165,304 | 356,926 |
Electric Corp. stockholders | |||
Mitsubishi Electric Corp. stockholders' equity | 2,794,781 | 3,085,257 | 2,975,941 |
Total equity | 2,909,738 | 3,211,106 | 3,097,397 |
Total assets | 4,711,681 | 5,204,622 | 5,107,973 |
Basic earnings per share attributable to Mitsubishi | 48.94 | 35.43 | 95.41 |
Electric Corp. stockholders (yen) | |||
[For the three months ended September 30, 2021 and | [20.09] | [19.57] | |
2022, respectively] | |||
Diluted earnings per share attributable to Mitsubishi | 48.94 | 35.43 | 95.41 |
Electric Corp. stockholders (yen) | |||
Mitsubishi Electric Corp. stockholders' equity ratio (%) | 59.3 | 59.3 | 58.3 |
Cash flows from operating activities | 164,919 | 50,770 | 282,371 |
Cash flows from investing activities | (79,392) | (89,850) | (114,867) |
Cash flows from financing activities | (132,515) | (91,046) | (241,319) |
Cash and cash equivalents at end of period | 721,939 | 631,587 | 727,179 |
Notes: 1. The condensed quarterly consolidated financial statements and the consolidated financial statements of the Group are prepared in accordance with International Financial Reporting Standards ("IFRS").
- As the Group prepares the condensed quarterly consolidated financial statements, the key financial data of the Company is not provided.
- Diluted earnings per share attributable to Mitsubishi Electric Corp. stockholders is equal to Basic earnings per share attributable to Mitsubishi Electric Corp. stockholders as no dilutive securities existed.
- 2 -
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Mitsubishi Electric Corporation published this content on 25 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2022 06:53:06 UTC.