mitsubishi
Japanese carmaker Mitsubishi Motors said on Wednesday that its net income fell 8.3% to ¥154.71 billion ($990 million) in 2024, compared to last year's ¥168.73 billion. Earnings per share declined to ¥103.96 from ¥113.36 a year ago. Operating income, however, edged up 0.2% to ¥190.97 billion from last year's ¥190.50 billion. Sales for the year increased 13.5% to ¥2.79 trillion from ¥2.46 trillion in the same period last year. Looking ahead for fiscal year 2024, the company expects profit attributable to be ¥144 billion or ¥96.85 per share, down 6.9% from last year. Operating income would be ¥19...
DPA International
Profit fell 18.4% for the fiscal year for Japanese multinational automobile manufacturer Mitsubishi Corp, the company reported on Thursday. Profit attributable to owners of the parent for the year ended March 31, 2024 fell 18.4% to 964.03 billion yen ($6 billion) from last year's 1.18 trillion yen. Earnings per share were 222.37 yen, down from 268.56 yen last year. Profit before tax was 1.36 trillion yen, down 18.9% from the prior year's 1.68 trillion yen. The full-year revenues fell 9.3% to 19.57 trillion yen from 21.57 trillion yen a year ago. Looking ahead, for fiscal year ending March 31, ...
DPA International
Japanese electronics firm Mitsubishi Electric Corp said on Friday that it has agreed to transfer the Nagoya Works distribution transformer business to Hitachi Industrial Equipment Systems Co Ltd. The assets and other items related to the distribution transformer business, comprising development, design, manufacturing, sales and maintenance, will be transferred to Hitachi Industrial after obtaining approval from the relevant authorities. The companies will integrate their businesses. The transferring will be in stages beginning in October 2024, with completion scheduled for April 1, 2026. The b...
DPA International
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