Press Information
Tokyo, October 22, 2008 - Mitsubishi Heavy Industries, Ltd. (MHI) today announced that the company's consolidated financial results for the first half of fiscal year (FY) 2008 (April 1, 2008 to September 30, 2008) are expected to diverge widely from its FY2007 first-half results, as shown in the following table. The actual FY2008 first-half results and related details will be released on October 31.
MHI is disclosing the following estimates for the first half of the current fiscal year based on timely disclosure rules of the Tokyo Stock Exchange. The rules call for listed companies that have not disclosed the estimates for the period to disclose estimated results when the results in question are expected to diverge widely from the actual results for the corresponding period of the previous fiscal year.
Estimates of consolidated results for the first half of FY2008
(April 1, 2008 to September 30, 2008)
| FY2008Apr. - Sep. (Estimates) | FY2007 Apr. – Sep. (Actual) | Changes (Amount) | Changes (%) |
Net Sales | 1,574.6 | 1,446.4 | 128.1 | 8.9 |
Operating Income | 72.7 | 55.8 | 16.8 | 30.1 |
Ordinary Income | 75.5 | 41.0 | 34.4 | 84.1 |
Net Income | 29.0 | 27.9 | 1.0 | 3.6 |
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.