Mitsubishi ElectricMitsubishi Electric Corporation6503東証プライム電気機器FY ending Mar 2026, consolidated, IFRS

Mitsubishi Electric FY ending Mar 2026 results

About 40% of Mitsubishi Electric's sales come from Life, with Industry and Mobility and Infrastructure making up much of the rest.

Out of every ¥100 of sales, about ¥7 is left as operating profit.

Revenue changed +6.8% from the prior year, operating profit +10.5%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +6.8% · profit +10.5%, calculated from disclosed figures.

Operating leverage: 1.56× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+6.8%¥5.52T → ¥5.89T
Gross profit
+11.7%¥1.69T → ¥1.89T
Operating income
+10.5%¥391.9B → ¥433.1B
Net income attributable to owners
+25.8%¥324.1B → ¥407.8B
Operating cash flow
+26.3%¥455.9B → ¥576B
Free cash flow
+45.1%¥229.8B → ¥333.6B

Results at a glance

  • Revenue for the FY ending Mar 2026 was ¥5.89T, up +6.8% from ¥5.52T a year earlier.
  • Profit grew faster than sales: operating income rose +10.5% to ¥433.1B and net income rose +25.8% to ¥407.8B.
  • Cash generation improved as well, with operating cash flow up +26.3% to ¥576B and free cash flow up +45.1% to ¥333.6B.

What drove the change

  • A weaker yen and price increases lifted sales.
  • In Infrastructure, large defense orders, power transmission and distribution at home and abroad, and domestic rail work drove a big jump in operating income.
  • Factory automation grew on smartphone and AI-related equipment spending, while automotive equipment sales fell, partly because Japanese carmakers sold fewer vehicles in China.

Things to watch

  • US tariffs, export controls and tension in the Middle East could hurt demand for its products.
  • Supply chain disruption, such as broken logistics routes or swings in raw material prices, could weigh on results.
  • Sharp moves in exchange rates away from the company's assumptions could affect earnings.

Annual Securities Report (155th term) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report (155th term) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

※ Segment revenues include inter-segment sales and are scaled to consolidated revenue

Where ¥100 of sales goes

For every ¥100 Mitsubishi Electric sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥68
SG&A
¥24
Other costs
¥1
Operating profit
¥7
Net profit kept
¥7

Annual margin trends

Gross margin32.1%
FY ending Mar 2021: 28.0%28.0%FY ending Mar 2022: 28.2%28.2%FY ending Mar 2023: 28.1%28.1%FY ending Mar 2024: 29.4%29.4%FY ending Mar 2025: 30.6%30.6%FY ending Mar 2026: 32.1%32.1%FY21FY22FY23FY24FY25FY26
Operating margin7.3%
FY ending Mar 2021: 5.5%5.5%FY ending Mar 2022: 5.6%5.6%FY ending Mar 2023: 5.2%5.2%FY ending Mar 2024: 6.2%6.2%FY ending Mar 2025: 7.1%7.1%FY ending Mar 2026: 7.3%7.3%FY21FY22FY23FY24FY25FY26
Net margin6.9%
FY ending Mar 2021: 4.6%4.6%FY ending Mar 2022: 4.5%4.5%FY ending Mar 2023: 4.3%4.3%FY ending Mar 2024: 5.4%5.4%FY ending Mar 2025: 5.9%5.9%FY ending Mar 2026: 6.9%6.9%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第155期(2025/04/01-2026/03/31)

    ID S100YD3V2026-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第154期(2024/04/01-2025/03/31)

    ID S100W0EM2025-06-20Open
  • EDINET (FSA Japan)

    有価証券報告書-第153期(2023/04/01-2024/03/31)

    ID S100TOGW2024-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第152期(2022/04/01-2023/03/31)

    ID S100R4YQ2023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第151期(令和3年4月1日-令和4年3月31日)

    ID S100OEWH2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第150期(令和2年4月1日-令和3年3月31日)

    ID S100LPLG2021-06-29Open

Extracted from XBRL: 44 / Derived from other figures: 2

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