The FINANCIAL — Japanese conglomerate Mitsubishi Corp. reported on November 5 that its first-half profit attributable to owners of the parent declined 39.3 percent to 154.92 billion yen from 255.05 billion yen a year ago. Earnings per share were 96.31 yen, compared to 155.96 yen last year.
Revenues declined 5.2 percent to 3.61 trillion yen from 3.80 trillion yen a year ago due in part to falling crude oil prices, according to Nasdaq.
Looking ahead for the fiscal year ending March 31, 2016, the company now expects attributable profit of 300 billion yen or 188.12 per share, representing a 25.1 percent decline from last year.
The company previously expected attributable net income of 360 billion yen for the year, down 10.1 percent year-over-year, or 227.67 yen per share.
In Japan, Mitsubishi shares lost 6.20 percent today and settled at 2,034.50 yen.
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