Notice Concerning Revision of Earnings Forecast
Tokyo, October 29, 2020 – Mitsubishi Heavy Industries, Ltd. (MHI) today announces that it revised the earnings forecast for FY2020 (April 1, 2020 to March 31, 2021).
Revision of Earnings Forecast
(Billions of yen)
|Revenue||Profit from business activities||Profit before income taxes||Profit Attributable to Owners of Parent||Profit Attributable to Owners of Parent
|Previously announced forecast (A)||3,800.0||0.0||0.0||0.0||0.0 yen|
|Revised forecast (B)||3,700.0||50.0||30.0||20.0||59.51 yen|
|Change (amount): (B)－(A)||(100.0)||50.0||30.0||20.0||―|
Figures in parentheses are negative.
Reasons for the revision
Today, the Company announces "Notice of Share Transfer of Joint Venture with Vestas and Commencement of New Business Alliance". As described in the notice, because the Company expects to record approximately 50 billion yen in profit from business activities on the consolidated financial statements for FY2020, the Company revised upward the forecast for FY2020, released on May 11, 2020, for profit from business activities, profit before income taxes, and profit attributable to owners of parent.
No change is effected to the dividend announced previously.