Mitsubishi Electric Reports Q1 Results, Updates FY 2027 Outlook
Mitsubishi Electric reported first-quarter revenue of ¥1.497 trillion, representing a year-over-year increase of 14%. The company also updated its full fiscal year (FY) 2027 outlook, raising both revenue and profit forecasts. The revised FY2027 forecast now anticipates total revenue of ¥6.27 trillion, an upward adjustment of ¥70 billion from the previous estimate. Adjusted operating profit is expected to reach ¥620 billion, up by ¥30 billion compared to earlier projections. These updates reflect strong performance and positive expectations for continued growth. The company's improved outlook signals confidence in its business operations amid ongoing demand across key markets.
Tickers: $MIELF
Topics: forecast revision operating profit revenue