TIDM17NX

RNS Number : 9224X

Mitsubishi Corporation

07 May 2021

Translation of report filed with the Tokyo Stock Exchange on May 7, 2021

Notice Concerning Differences between Consolidated Actual Results

For the Fiscal Years Ended March 31, 2020 and 2021 and Differences between

Non-Consolidated Actual Results for the Fiscal Years Ended March 31, 2020 and 2021

This notice serves to provide information on differences between consolidated actual results for the fiscal year ended March 31, 2020 and the fiscal year ended March 31, 2021, as well as differences between non-consolidated actual results for the fiscal year ended March 31, 2020 and the fiscal year ended March 31, 2021.

Details are as follows.

1. Differences between Consolidated Actual Results for the fiscal year ended March 31, 2020 and the fiscal year ended March 31, 2021.

 
                          Revenues          Profit           Profit        Profit for the year    Profit for the year 
                                           before tax      for the year      attributable to        attributable to 
                                                                           owners of the Parent   owners of the Parent 
                                                                                                   per share (basic) 
Actual Results for     Millions of Yen  Millions of Yen  Millions of Yen        Millions of Yen                    Yen 
fiscal year 
ended March 31, 2020        14,779,734          648,864          592,151                535,353                 348.50 
(A) 
                       ---------------  ---------------  ---------------  ---------------------  --------------------- 
Actual Results for 
 fiscal year 
 ended March 31, 2021 
 (B)                        12,884,521          253,527          132,241                172,550                 116.86 
                       ---------------  ---------------  ---------------  ---------------------  --------------------- 
Difference (B-A)          (1,895,213 )       ( 395,337)       (459,910 )             (362 ,803)              (2 31.64) 
                       ---------------  ---------------  ---------------  ---------------------  --------------------- 
Difference (%)                (12.82%)        ( 60.93%)        (77.67 %)              (67 .77%)              (66 .47%) 
                       ---------------  ---------------  ---------------  ---------------------  ---------------------

2. Differences between Non-Consolidated Actual Results for the fiscal year ended March 31, 2020 and the fiscal year ended March 31, 2021.

 
                                      Revenues       Ordinary Income     Net Income 
 Actual Results for fiscal year    Millions of Yen   Millions of Yen   Millions of Yen 
  ended March 31, 2020 (A)               1,737,893           300,203           364,663 
                                  ----------------  ----------------  ---------------- 
 Actual Results for fiscal year 
  ended March 31, 2021 (B)               1,437,004           417,871           393,351 
                                  ----------------  ----------------  ---------------- 
 Difference (B-A)                       (300,889 )           117,668            28,688 
                                  ----------------  ----------------  ---------------- 
 Difference (%)                           (17.31%)            39.20%             7.87% 
                                  ----------------  ----------------  ---------------- 
 
   3.    Reasons for Differences

Differences between Consolidated Actual Results for the fiscal year ended March 31, 2020 and the fiscal year ended March 31, 2021

Revenues for the fiscal year ended March 31, 2021 were lower than those of the previous year mainly due to a decrease in transaction volumes in the Petroleum business. Profit before tax, profit for the year and profit for the year attributable to owners of the Parent for the fiscal year ended March 31, 2021 were lower than those of

the previous year mainly due to   impairment losses of goodwill and intangible assets to Lawson.

Differences between Non-Consolidated Actual Results for the fiscal year ended March 31, 2020 and the fiscal year ended March 31, 2021

Revenues for the fiscal year ended March 31, 2021 were lower than those of the previous year mainly due to a decrease in transaction volumes in the Petrochemicals business. Ordinary income and net income for the fiscal year ended March 31, 2021 were higher than those of the previous year due to a rebound from that year's loss on the write-down of investment securities.

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May 07, 2021 05:06 ET (09:06 GMT)

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