Tokyo, October 28, 2011 - Mitsubishi Heavy Industries, Ltd. (MHI) today reports the following foreign exchange loss projected on a consolidated basis for the first half of the current fiscal year ending in March 2012.
1.Description of foreign exchange loss
As a result of recent fluctuations in exchange rates, during the first half of the fiscal year ending March 2012 the company now expects to incur foreign exchange loss in the amount of 17.9 billion yen on a consolidated basis. The loss will be booked as a non-operating expense.
2. Impact on earnings
The foregoing foreign exchange loss has been factored into the “Notice Regarding Consolidated Earnings in the First Half of the Fiscal Year Ending March 2012” released separately today (October 28, 2011).