MBC Mitsub.Corp

TIDMMBC

RNS Number : 5763M

Mitsubishi Corporation

08 May 2015

May 8, 2015

(Translation of report filed with the Tokyo Stock Exchange on May 8, 2015)

Differences between Non-Consolidated Actual Results

for Fiscal Year Ended March 31, 2014 and Fiscal Year Ended March 31, 2015

Mitsubishi Corporation (MC) has provided information on differences between non-consolidated actual results for the fiscal year ended March 31, 2014 and the fiscal year ended March 31, 2015.

Details are as follows.

1. Differences between Non-Consolidated Actual Results for fiscal year ended March 31, 2014 and fiscal year ended March 31, 2015

(million yen)

 
                      Operating     Ordinary    Net Income 
                     Transactions     Income 
-----------------  --------------  ----------  ----------- 
 Actual Results 
  for fiscal 
  year ended 
  March 31, 2014 
  (A)                  10,116,089     474,166      416,686 
-----------------  --------------  ----------  ----------- 
 Actual Results 
  for fiscal 
  year ended 
  March 31, 2015 
  (B)                   7,013,434     284,772      289,744 
-----------------  --------------  ----------  ----------- 
 Difference 
  (B A)               - 3,102,655   - 189,394    - 126,942 
-----------------  --------------  ----------  ----------- 
 Difference 
  (%)                     - 30.7%     - 39.9%      - 30.5% 
-----------------  --------------  ----------  ----------- 
 
   2.    Reasons for Differences 

MC has changed its accounting policy for operating transactions related to agency business transactions to include only commission amounts. As a result, actual operating transaction figures for the fiscal year ended March 31, 2015 were lower than those of the prior year.

Additionally, ordinary income and net income for the year ended March 31, 2015 were lower than the prior year's result, due primarily to lower gains on marketable securities and higher impairment losses taken on investments.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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