Mitsubishi Electric lifted its fiscal 2027 outlook after reporting higher first-quarter profit and revenue. The company now projects attributable net profit of 495 billion yen, adjusted operating profit of 620 billion yen, and revenues of 6.27 trillion yen, up from its prior forecast of 475 billion yen, 590 billion yen, and 6.20 trillion yen respectively. In the first quarter, net profit attributable to stockholders rose 20.8 percent to 109.82 billion yen, operating profit grew 24.6 percent to 139.50 billion yen, and revenue increased 14 percent to 1.50 trillion yen. Mitsubishi Electric shares closed up 211.17 percent at 5,912.00 yen in Tokyo trading.
Mitsubishi Electric Corp.Raised fiscal 2027 profit and revenue forecasts after strong Q1 results.