Mitsubishi Corporation Revision of Consolidated Earnings Forecast etc. (4795R)
05 Novembro 2021 - 3:59AM
UK Regulatory
TIDM17NX
RNS Number : 4795R
Mitsubishi Corporation
05 November 2021
Translation of report filed with the Tokyo Stock Exchange on
November 5, 2021
Notice Concerning Revision of Consolidated Earnings Forecast,
Interim Dividend and Projected Annual Dividend for the Year Ending
March 2022
Mitsubishi Corporation (MC) has revised its consolidated
earnings forecast and projected annual dividend for the year ending
March 31, 2022 (April 1, 2021 to March 31, 2022). MC has also
announced that at its meeting held today, the Board of Directors
passed a resolution to pay an interim dividend. The details are as
follows.
1. Revision of the consolidated earnings forecast for the year ending March 31, 2022
(1) Details of the Revision
(Fiscal year beginning on April 1, 2021 and ending on March 31,
2022)
Profit for the year Profit for the year
attributable to attributable to
owners of the Parent owners of the Parent
per share (basic)
Previous forecast (millions of yen) (yen)
(A)
380,000 257.43
---------------------- ----------------------
Revised forecast
(B) 740,000 501.27
---------------------- ----------------------
Difference (B-A) 360,000 243.84
---------------------- ----------------------
Increase/decrease
(%) 94.7% 94.7%
---------------------- ----------------------
(Reference)
Results for the
year ended March
31, 2021 172,550 116.86
---------------------- ----------------------
(2) Reason for the Revision
The forecast as revised above is due mainly to resource prices
increases in the Mineral Resources segment, as well as strong
progress in the Automotive, LNG-related, and many other
businesses.
For more information, please see MC's Financial Results for the
Six Months Ended September 2021, which the company released
today.
2. Details of Interim Dividend
Approved amount Latest forecast Actual previous
(Announced on interim dividend
May 7, 2021)
Record date September 30, September 30, September 30,
2021 2021 2020
------------------ ---------------- ------------------
Dividends per 71 yen 67 yen 67 yen
share
------------------ ---------------- ------------------
Total amount of 105,055 million - 99,116 million
dividend yen yen
------------------ ---------------- ------------------
Effective date December 1, 2021 - December 1, 2020
------------------ ---------------- ------------------
Source of funds Retained earnings - Retained earnings
for dividend
------------------ ---------------- ------------------
3. Revision of the projected annual dividend for the year ending March 31, 2022
Dividend per share (yen)
Interim dividend -Year-end dividend Annual
----------------- ------------------- -------
Latest forecast
(Announced on May 7,
2021) 67 67 134
----------------- ------------------- -------
Revised forecast 71 142
----------------- ------------------- -------
Fiscal year ending March
2022 71
----------------- ------------------- -------
Fiscal year ended March
2021 67 67 134
----------------- ------------------- -------
l Reason for the Revision
In accordance with Revision of the consolidated earnings
forecast for the year ending March 31, 2022, MC now plans to raise
its original projection for the annual dividend per share by 8 yen
from 134 yen to 142 yen. Accordingly, the Board of Directors today
passed a resolution setting the interim dividend per share at 71
yen, half of the revised annual dividend forecast.
Note: The above forecasts are projections based on information
available at the time of this release and certain assumptions that
management believes to be reasonable. Due to a variety of factors,
actual results may differ materially from these forecasts, which
are not intended as a guarantees of future performance.
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END
MSCFSISMIEFSEIF
(END) Dow Jones Newswires
November 05, 2021 02:59 ET (06:59 GMT)
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