H/HEHTMonths Ended September 2014 [IFRS] · November 7, 2014 Mitsubishi Corporation 8.3 1.7 125.0...
19
November 7, 2014 Mitsubishi Corporation Results for the Months Ended September 2014 [IFRS] November 7, 2014 Mitsubishi Corporation
Transcript of H/HEHTMonths Ended September 2014 [IFRS] · November 7, 2014 Mitsubishi Corporation 8.3 1.7 125.0...
-
No
vem
be
r 7
, 2
01
4M
itsu
bis
hi C
orp
ora
tio
n
Re
su
lts
fo
r th
e
Mo
nth
s E
nd
ed
Se
pte
mb
er
20
14
[IF
RS
]
No
ve
mb
er
7, 2
01
4
Mitsu
bis
hi C
orp
ora
tio
n
-
No
vem
be
r 7
, 2
01
4M
itsu
bis
hi C
orp
ora
tio
n
1
(Fo
rwa
rd-L
oo
kin
g S
tate
me
nts
)
•T
his
rele
ase
conta
ins
forw
ard
-lookin
gsta
tem
ents
about
Mits
ubis
hi
Corp
ora
tion’s
futu
repla
ns,
str
ate
gie
s,
belie
fsand
perf
orm
ance
that
are
not
his
torical
facts
.S
uch
sta
tem
ents
are
based
on
the
com
pany’
sassum
ptions
and
belie
fsin
light
of
com
petitive
,financia
la
nd
econom
icdata
curr
ently
ava
ilable
and
are
subje
ct
toa
num
ber
of
risks,
uncert
ain
ties
and
assum
ptions
that,
without
limitation,
rela
teto
world
econom
icconditio
ns,exc
hange
rate
sand
com
modity
prices.
•A
ccord
ingly
,M
itsubis
hiC
orp
ora
tion
wis
hes
tocaution
readers
thatactu
alre
sults
may
diff
er
mate
rially
from
those
pro
jecte
din
this
rele
ase
and
that
Mitsubis
hi
Corp
ora
tion
bears
no
responsib
ility
for
any
negative
impactcaused
by
the
use
ofth
isre
lease.
(No
tes R
eg
ard
ing
th
is P
rese
nta
tio
n M
ate
ria
l)
•C
onsolid
ate
dnet
incom
ein
this
pre
senta
tion
show
sth
eam
ount
of
net
incom
eattributa
ble
toow
ners
of
the
Pare
nt,
exc
ludin
gnoncontr
olli
ng
inte
rests
.E
quity
show
sth
eam
ount
of
equity
attributa
ble
toow
ners
of
the
Pare
nt,
exc
ludin
gnoncontr
olli
ng
inte
rests
.
-
No
vem
be
r 7
, 2
01
4M
itsu
bis
hi C
orp
ora
tio
n
8.3
1.7
125.0
135.3
88.6
118.1
Resourc
e
Non-r
esourc
e
Co
ns
olid
ate
d O
pe
rati
ng
Re
su
lts
for
the
Six
Mo
nth
s E
nd
ed
Se
pte
mb
er
20
14
2
Six
mo
nth
s e
nd
ed
Se
pte
mber
20
13
Six
mo
nth
s e
nd
ed
Se
pte
mber
20
14
Incre
ase
or
de
cre
ase
Fore
casts
for
year
endin
g
Marc
h 2
015 (
as o
f M
ay
8)
Ac
hie
ve
me
nt
rate
221.9
bill
ion y
en
255.1
bill
ion y
en
33.2
bill
ion y
en
15
Co
nso
lid
ate
d n
et
inco
me
40
0.0
bill
ion
ye
n6
4
Six
month
s e
nded
Septe
mber
2013
Consolid
ate
d O
pera
ting R
esults H
ighlig
hts
for
the
Six
Month
s E
nded S
epte
mber
2014
�C
onsolid
ate
d n
et in
com
e in
cre
ased 3
3.2
bill
ion y
en y
ear
ove
r ye
ar.
The r
esourc
e fie
ld s
aw
incre
ases in
LN
G a
nd c
opper-
rela
ted
div
idends.
The n
on-r
esourc
e fie
ld b
enefite
d fro
m h
igher
earn
ings in
Industr
ial
Fin
ance, Logis
tics &
Deve
lopm
ent and L
ivin
g E
ssentials
.
�T
he a
chie
vem
ent ra
te a
gain
st th
e full-
year
consolid
ate
d n
et in
com
e
fore
cast w
as 6
4%
.
The c
onsolid
ate
d n
et in
com
e fore
cast w
ill b
e m
ain
tain
ed a
t 400
bill
ion y
en a
s m
ost re
sourc
e-r
ela
ted d
ivid
ends h
ave
already
been
record
ed a
nd c
om
modity
prices a
re s
luggis
h.
Bill
ion y
en
Six
month
s e
nded
Septe
mber
2014
Year
ended M
arc
h
2014 r
esults
Fore
cast fo
r th
e y
ear
endin
g M
arc
h 2
015
Year-
ove
r-ye
ar
change
Full-
year
fore
cast
36
1.4
40
0.0
Bill
ion y
en
221.9
255.1
33
.2
Ach
ievem
en
t ra
te
64
25
5.1
10
.3
-6.629
.5
30
yen
40 y
en
10
ye
nD
ivid
en
d p
er
sh
are
70 y
en
inclu
din
g 6
0th
co
mm
em
ora
tive
div
ide
nd
of 1
0 y
en
47
53
41 59
(in
clu
din
g 6
0th
co
mm
em
ora
tive
div
ide
nd
of 1
0 y
en
)
-
No
vem
be
r 7
, 2
01
4M
itsu
bis
hi C
orp
ora
tio
n
5.6
4.5
24.7
33.8
16.1
14.3
58.3
44.3
12.8
27.3
7.5
11.1
Six
month
s e
nded
Septe
mber
2013
Six
month
s e
nded
Septe
mber
2014
7.8
7
.6
80.8
11
0.5
Six
month
s e
nded
Septe
mber
2013
3
Se
gm
en
t N
et
Inc
om
e b
y R
es
ou
rce
an
d
No
n-r
es
ou
rce
Fie
ld
[Re
so
urc
e]
[No
n-r
es
ou
rce
]
En
erg
y B
usin
ess (
37%
in
cre
ase y
ear-
ov
er-
year)
Incre
ase
in d
ivid
en
d in
co
me
fro
m r
eso
urc
e-r
ela
ted
bu
sin
ess
inve
ste
es.
Meta
ls—
Reso
urc
e (
3%
decre
ase y
ear-
ov
er-
year)
Lo
we
r sa
les p
rice
s in
th
e A
ustr
alia
n c
oa
l bu
sin
ess.
Glo
bal E
nv
iro
nm
en
tal &
In
frastr
uctu
re B
usin
ess (
48%
in
cre
ase
year-
ov
er-
year)
Incre
ase
d e
arn
ing
s fro
m th
e u
nd
ers
ea
ele
ctr
icity
tra
nsm
issio
n a
nd
No
rth
Am
eri
ca
n
po
we
r g
en
era
tio
n b
usin
esses.
Ind
ustr
ial F
inan
ce, L
og
isti
cs &
Dev
elo
pm
en
t (1
13%
in
cre
ase y
ear-
ov
er-
year)
Incre
ase
d e
arn
ing
s in
th
e fu
nd
inve
stm
en
t b
usin
ess
an
d th
e s
ale
of
rea
l esta
te h
eld
fo
r sa
le.
Mach
inery
(24%
decre
ase y
ear-
ov
er-
year)
Lo
we
r sa
les in
Asia
n a
uto
mo
bile
op
era
tio
ns a
nd
th
e a
bse
nce
of
a o
ne
-off
ga
in
asso
cia
ted
with
th
e v
alu
atio
n o
f a
sse
ts r
eco
rde
d in
th
e p
revi
ou
s p
eri
od
.
Ch
em
icals
(11%
decre
ase y
ear-
ov
er-
year)
Lo
we
r e
arn
ing
s o
n tra
nsa
ctio
ns a
t a
pe
tro
ch
em
ical b
usin
ess-r
ela
ted
co
mp
an
y.
Liv
ing
Essen
tials
(37%
in
cre
ase y
ear-
ov
er-
year)
Hig
he
r sa
les p
rice
s in
th
e li
vesto
ck b
usin
ess
.
Meta
ls—
No
n-r
eso
urc
e (
20%
decre
ase y
ear-
ov
er-
year)
De
clin
e in
ea
rnin
gs o
n tra
nsa
ctio
ns
in th
e s
tee
l pro
du
cts
bu
sin
ess
.
+29.7
-0.2
+3.6
-14.0
-1.8
+9.1
(Bill
ion
ye
n)
(Bill
ion
ye
n)
+14.5
*Ea
rnin
gs r
ela
ted
to
ste
el p
rod
ucts
op
era
tio
ns in
Me
tals
are
co
un
ted
in N
on
-re
so
urc
e fie
lds.
+10.3
+29.5
-1.1
88
.6 (
41
%)
118.1
(47%
)
12
5.0
(5
9%
)135.3
(53%
)
Six
month
s e
nded
Septe
mber
2014
-
No
vem
be
r 7
, 2
01
4M
itsu
bis
hi C
orp
ora
tio
n
453.3
381.6
269.3
-791.0
-300.5
-105.5
Inve
stin
gC
ash F
low
sCa
sh
Flo
ws
4
Bill
ion
ye
n
Opera
ting
Cash F
low
s (
269.3
bill
ion y
en)
Op
era
tin
g c
ash
flo
ws p
rovi
de
d n
et ca
sh
ma
inly
du
e to
ca
sh
flo
ws f
rom
op
era
tin
g tra
nsa
ctio
ns a
nd
div
ide
nd
in
co
me
.
Inve
sting
Cash F
low
s (
-105.5
bill
ion y
en)
Inve
stin
g a
ctivi
tie
s u
se
d n
et ca
sh
ma
inly
fo
r
inve
stm
en
ts in
th
e A
ustr
alia
n c
oa
l bu
sin
ess a
nd
e
ne
rgy
reso
urc
e b
usin
esse
s, d
esp
ite
ca
sh
pro
vid
ed
b
y th
e s
ale
of
air
cra
fts a
nd
th
e c
olle
ctio
n o
f lo
an
sre
ce
iva
ble
.
Ca
sh
flo
ws f
or
the
six
mo
nth
s
en
de
d S
ep
tem
ber
20
14
Ye
ar
en
de
d
Ma
r. 2
01
3
Ye
ar
en
de
d
Ma
r. 2
01
4
Six
mo
nth
s e
nd
ed
Se
pt.
20
14
163.8
81.1
-337.7
Opera
ting
Cash F
low
sF
ree C
ash F
low
s
-
No
vem
be
r 7
, 2
01
4M
itsu
bis
hi C
orp
ora
tio
n
New
In
ve
stm
en
ts a
nd
Po
rtfo
lio
Re
sh
ap
ing
(Bill
ion y
en)
5*
Pro
fit and lo
ss o
n s
ale
s is
not in
clu
ded in
the a
mount of “A
sset sale
s.”
New
in
vestm
ent
Resourc
e
No
n-r
eso
urc
e
Tota
l
Port
folio
re
shapin
g
Asset sale
s*
Depre
cia
tion
Tota
l
Ne
t in
vestm
en
t
80
.04
0.0
12
0.0
10
0.0
110
.02
10
.0
18
0.0
15
0.0
33
0.0
70
.011
0.0
18
0.0
50
.04
0.0
90
.0
12
0.0
15
0.0
27
0.0
60
.00
60
.0
Austr
alia
n c
oalb
usin
ess
Shale
gas a
nd L
NG
busin
esses
Fund a
nd r
eal e
sta
te in
vestm
ent
Ship
pin
g b
usin
ess
Aircra
ft le
asin
g b
usin
ess
Ship
pin
g b
usin
ess
Fund in
vestm
ent
�
Year
endin
g M
ar.
2015
June 2
014
Septe
mber
2014
Six
month
s
ended
Main
inve
stm
ent and d
ivestm
ent
are
as in
the s
ixm
onth
s e
nded
Septe
mber
2014
330.0
470.0
800.0
510.0
170.0
680.0
12
0.0
Ye
ar
en
de
d
Ma
r.2
01
4
Cu
mu
lative
to
tal
-
No
vem
be
r 7
, 2
01
4M
itsu
bis
hi C
orp
ora
tio
n
Eq
uit
y a
nd
In
tere
st-
Be
ari
ng
Lia
bilit
ies
6
3,7
10
.8
4,4
20
.14
,60
1.1
4,6
38
.3
Ma
r. 3
1, 2
012
Ma
r. 3
1, 2
013
Ma
r. 3
1, 2
014
Se
p. 3
0, 2
014
Inte
rest-
be
arin
g lia
bili
ties (
ne
t)T
ota
l e
qu
ity
De
bt-
to-e
quity r
atio (
ne
t)B
illio
n y
en
Ne
t in
co
me
+
25
5.1
bill
ion
ye
n
Oth
er
inve
stm
en
ts d
esig
na
ted
as F
VT
OC
I +
72
.7 b
illio
n y
en
Exch
an
ge
diffe
ren
ce
s o
n tra
nsla
tin
g fo
reig
n
op
era
tio
ns,e
tc.
+1
6.7
bill
ion
ye
n
Pu
rch
ase
an
d c
an
ce
llatio
n o
f tr
ea
su
ry s
tock
-59
.8 b
illio
n y
en
Pa
yme
nt o
f d
ivid
en
ds
-62
.6 b
illio
n y
en
Main
Reasons for
Change in
Equity
+222.1
bill
ion y
en c
om
pare
d to M
arc
h 3
1, 2014
-
No
vem
be
r 7
, 2
01
4M
itsu
bis
hi C
orp
ora
tio
n
7
Fo
reig
n E
xch
an
ge, In
tere
st
Rate
an
d C
om
mo
dit
y P
rices S
en
sit
ivit
ies
(Re
fere
nc
e)
Ma
rke
t C
on
dit
ion
s
Six
mo
nth
s
en
ded
Sep
t.
2014
(a)
Fo
recasts
fo
r
year
en
din
g
Marc
h 2
015
(as o
f M
ay 8
)
(b)
Incre
ase o
r
decre
ase
(a)-
(b)
Co
nso
lid
ate
d N
et
Inco
me S
en
sit
ivit
ies
Fo
reig
n
Exc
ha
nge
(ye
n/U
S$
)103.0
1
00
3.0
Depre
cia
tion (
appre
cia
tion)
of 1 y
en p
er
US
$1 h
as a
2.5
bill
ion y
en
positi
ve (
negativ
e)
impact on a
full-
year
basis
.
Ye
n In
tere
st
(%)
TIB
OR
0.2
10
.25
-0.0
4T
he e
ffect of risin
g inte
rest ra
tes is
mostly
off
set by
an in
cre
ase in
opera
ting a
nd
inve
stm
ents
pro
fits
. H
ow
eve
r, a
rapid
ris
e in
inte
rest
rate
s c
an c
ause a
tem
pora
ryeff
ect.
US
$ In
tere
st
(%)
LIB
OR
0.2
30
.40
-0.1
7
Cru
de
Oil
Price
s(U
S$
/BB
L)
(Du
ba
i)
103.8
10
03
.8
A U
S$1 r
ise (
declin
e)
per
barr
el i
ncre
ases (
decre
ases)
full-
year
earn
ings b
y 1.0
bill
ion y
en.
Besid
es c
rude o
il price f
luctu
atio
ns, oth
er
variable
s s
uch a
s the
diffe
rent fiscal y
ears
of consolid
ate
d c
om
panie
s, th
e tim
ing o
f th
e
reflectio
n o
f th
e c
rude o
il price in
sale
s p
rices,
the d
ivid
end p
olic
y and
sale
s v
olu
me a
ffect cru
de o
il-re
late
d e
arn
ings a
s w
ell.
There
fore
, th
e
impact on e
arn
ings c
annot be d
ete
rmin
ed b
y th
e c
rud
e o
il price a
lone.
Co
pp
er
(US
$/M
T)
6,8
90
7,4
96
-60
6
A U
S$100 r
ise (
declin
e)
per
MT
incre
ases (
decre
ases)
full-
year
earn
ings b
y 1.3
bill
ion y
en.
Besid
es c
opper
price f
luctu
atio
ns, oth
er
variable
s s
uch a
s the g
rade o
f m
ined o
re, th
e s
tatu
s o
f pro
ductio
n
opera
tions, and r
ein
vestm
ent pla
ns (
capita
l expenditure
) aff
ect
earn
ings f
rom
copper
min
es a
s w
ell.
There
fore
, th
e im
pact on e
arn
ings
cannot be d
ete
rmin
ed b
y th
e c
opper
price a
lone.
31
33
40
-2
7
-
No
vem
be
r 7
, 2
01
4M
itsu
bis
hi C
orp
ora
tio
n
8
24
8.4
-33
.8
Oth
ers
Six
Mo
nth
s E
nd
ed
Se
pte
mb
er
20
13
(US
GA
AP
)
Six
Mo
nth
s E
nd
ed
Se
pte
mb
er
20
13
IFR
S
(Bill
ion
ye
n)
(Re
fere
nc
e)
Re
sta
tem
en
t o
f R
es
ult
s f
or
the
Six
Mo
nth
s E
nd
ed
Se
pte
mb
er
(IF
RS
)
22
1.9
7.5
Ga
in (
loss)
on
sa
le o
f in
vestm
en
ts in
no
n
su
bsid
iari
es a
nd
a
ffili
ate
s u
nd
er
U.S
. G
AA
P
Ga
in (
loss)
on
in
vestm
en
ts in
no
n
su
bsid
iari
es a
nd
a
ffili
ate
s m
ea
su
red
at
fair
va
lue
un
de
r IF
RS
-26
.5
-0.2
Consolidated netincome
-
Fe
bru
ary
4, 2
01
5M
itsu
bis
hi C
orp
ora
tio
n
Resu
lts f
or
the N
ine M
on
ths
En
ded
Decem
ber
2014
[IF
RS
]
Fe
bru
ary
4, 2
01
5
Mitsu
bis
hi C
orp
ora
tio
n
-
Fe
bru
ary
4, 2
01
5M
itsu
bis
hi C
orp
ora
tio
n
1
(Fo
rwa
rd-L
oo
kin
g S
tate
me
nts
)
•T
his
rele
ase
conta
ins
forw
ard
-lookin
gsta
tem
ents
about
Mitsubis
hiC
orp
ora
tion’s
futu
repla
ns,
str
ate
gie
s,
belie
fsand
perf
orm
ance
that
are
not
his
torical
facts
.S
uch
sta
tem
ents
are
based
on
the
com
pany’
sassum
ptions
and
belie
fsin
light
of
com
petitive
,financia
la
nd
econom
icdata
curr
ently
ava
ilable
and
are
subje
ct
toa
num
ber
of
risks,
uncert
ain
ties
and
assum
ptions
that,
without
limitation,
rela
teto
world
econom
icconditio
ns,exc
hange
rate
sand
com
modity
prices.
•A
ccord
ingly
,M
itsubis
hi
Corp
ora
tion
wis
hes
tocaution
readers
that
actu
al
results
may
diff
er
mate
rially
from
those
pro
jecte
din
this
rele
ase
and
thatM
itsubis
hiC
orp
ora
tion
bears
no
responsib
ility
for
any
negative
impactcaused
by
the
use
ofth
isre
lease.
(No
tes R
eg
ard
ing
th
is P
rese
nta
tio
n M
ate
ria
l)
•C
onsolid
ate
dnet
incom
ein
this
pre
senta
tion
show
sth
eam
ount
of
net
incom
eattributa
ble
toow
ners
of
the
Pare
nt,
exc
ludin
gnoncontr
olli
ng
inte
rests
.E
quity
show
sth
eam
ount
of
equity
attributa
ble
toow
ners
of
the
Pare
nt,
exc
ludin
gnoncontr
olli
ng
inte
rests
,w
hic
his
aco
mponentofto
tale
quity .
-
Fe
bru
ary
4, 2
01
5M
itsu
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su
lts
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the
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e M
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ths
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de
d D
ec
em
be
r 2
01
4
2
Nin
e m
on
ths e
nd
ed
D
ece
mb
er
20
13
Nin
e m
on
ths
en
de
d
De
ce
mb
er
20
14
Incre
ase
or
de
cre
ase
Fo
reca
st fo
r ye
ar
en
din
g M
arc
h 2
01
5
Ac
hie
ve
me
nt
rate
33
4.5
bill
ion
ye
n3
15
.3b
illio
n y
en
-19
.2b
illio
n y
en
(-6
%)
Co
nso
lid
ate
d n
et
inco
me
40
0.0
bill
ion
ye
n7
9 %
Nin
e m
onth
s e
nded
Decem
ber
2013
Co
nso
lida
ted O
pe
ratin
g R
esu
lts H
igh
ligh
ts f
or
the
Nin
e
Mo
nth
s E
nd
ed
De
ce
mb
er
20
14
�C
onsolid
ate
d n
et in
com
e d
ecre
ased 1
9.2
bill
ion y
en y
ear
on y
ear.
The n
on-r
esourc
e fie
ld m
ain
ly b
enefite
d fro
m h
igher
earn
ings in
In
dustr
ial F
inance, Logis
tics &
Deve
lopm
ent and L
ivin
g E
ssentia
ls.
The r
esourc
e fie
ld s
aw
low
er
earn
ings m
ain
ly d
ue to
the r
ecord
ing
of im
pairm
ent lo
sses in
the E
nerg
y B
usin
ess.
�T
he a
chie
vem
ent ra
te a
gain
st th
e full-
year
consolid
ate
d n
et in
com
e
fore
cast w
as 7
9%
.T
he full-
year
consolid
ate
d n
et in
com
e fore
cast
has b
een m
ain
tain
ed a
t 400.0
bill
ion y
en,
despite
update
s to
segm
ent net in
com
e fore
casts
.
�T
he a
nnual d
ivid
end f
ore
cast has a
lso b
een m
ain
tain
ed a
t 70 y
en
per
share
, as in
itially
fore
caste
d.
(Bill
ion y
en)
Nin
e m
onth
s e
nded
Decem
ber
2014
Initi
al
Fo
reca
st
Re
vise
d
Fo
reca
st
40
0.0
40
0.0
(Bill
ion y
en)
334.5
315.3
30
70
39 61
Resourc
eN
on-r
esourc
e
Year-
ove
r-ye
ar
change
Full-
year
fore
cast 1
8
82
57
43
-
Fe
bru
ary
4, 2
01
5M
itsu
bis
hi C
orp
ora
tio
n
7.9
11
.6
44
.35
6.0
23
.02
1.4
78
.06
8.5
24
.93
6.5
18
.32
3.1
3
Seg
men
t N
et
Inco
me b
y R
eso
urc
e a
nd
No
n-r
eso
urc
e F
ield
[Re
so
urc
e]
[No
n-r
es
ou
rce
]
En
erg
y B
usin
ess (
25
decre
ase y
ear-
ov
er-
year)
Record
ing o
f im
pairm
ent lo
sses in
the g
as a
nd o
il d
eve
lopm
ent busin
ess in
N
ort
h A
merica a
nd E
uro
pe in
lin
e w
ith low
er
oil
pri
ces a
nd c
hanges in
the
busin
ess e
nvi
ronm
ent.
Meta
ls—
Reso
urc
e (
26
decre
ase y
ear-
ov
er-
year)
Low
er
sale
s p
rices in
the A
ustr
alia
n c
oal b
usin
ess.
Glo
bal E
nv
iro
nm
en
tal &
In
frastr
uctu
re B
usin
ess (
26
incre
ase y
ear-
ov
er-
year)
Incre
ased e
arn
ings f
rom
the F
PS
O (
Flo
atin
g P
roduction, S
tora
ge &
Off
loadin
g S
yste
m)
chart
ering b
usin
ess a
nd the N
ort
h A
merican p
ow
er
ge
nera
tion b
usin
ess.
Ind
ustr
ial F
inan
ce, L
og
isti
cs &
Dev
elo
pm
en
t (4
7in
cre
ase y
ear-
ov
er-
year)
Incre
ased e
arn
ings in
the fund in
vestm
ent busin
ess a
nd the s
ale
of re
al e
sta
te h
eld
for
sale
.
Mach
inery
(12
decre
ase y
ear-
ov
er-
year)
Low
er
sale
s in
Asia
n a
uto
mobile
opera
tions a
nd the r
ebound o
f a o
ne-o
ff g
ain
associa
ted w
ith t
he r
eva
luatio
n o
f assets
record
ed in
the p
revi
ous f
iscal y
ear.
Ch
em
icals
(7%
decre
ase y
ear-
on
-year)
Low
er
earn
ings o
n tra
nsactio
ns a
t a p
etr
ochem
ical b
usin
ess-r
ela
ted c
om
pany.
Liv
ing
Essen
tials
(26%
in
cre
ase y
ear-
ov
er-
year)
Hig
her
sale
s p
rices in
the li
vesto
ck b
usin
ess.
Meta
ls—
No
n-r
eso
urc
e (
47%
in
cre
ase y
ear-
ov
er-
year)
Busin
ess in
tegra
tion a
nd r
ealig
nm
ent of ste
el p
rodu
cts
busin
ess s
ubsid
iaries.
262
50
4.8
-9.5
-1.6 11.7
(Bill
ion
ye
n)
11.6
*Earn
ings r
ela
ted t
o s
teel p
roducts
opera
tions in M
eta
ls a
re c
ounte
d in N
on-r
esourc
e f
ield
s.
20.7
3.7
12
5.6
(3
9%
)94.4
(30%
)
19
6.4
(6
1%
)217.1
(70%
)
-31.2
19
.1
14
.1
10
6.5
80
.3
2013
3
2014
3
-26.2
-5.0
(Bill
ion
ye
n)
Nin
e m
onth
s e
nded
Decem
ber
2013
Nin
e m
onth
s e
nded
Decem
ber
2014
Nin
e m
onth
s e
nded
Decem
ber
2013
Nin
e m
onth
s e
nded
Decem
ber
2014
-
Fe
bru
ary
4, 2
01
5M
itsu
bis
hi C
orp
ora
tio
n
9.0
4.0
57.0
125.0
31.0
31.0
81.0
88.0
27.0
38.0
18.0
32.0
57.0
2.0
120.0
80.0
4
Seg
men
t F
ore
casts
fo
r Y
ear
En
din
g M
arc
h 2
015
En
erg
y B
usin
ess (
-40.0
billio
n y
en
)
Impairm
ent lo
sses in
line w
ith low
er
oil
prices a
nd
changes in
the
busin
ess e
nvi
ronm
ent.
Meta
ls (
-55.0
billio
n y
en
)
Low
er
sale
s p
rices in
the A
ustr
alia
n c
oal b
usin
ess a
ssocia
ted w
ith a
slo
w r
ecove
ry in m
ark
et conditi
ons.
Glo
bal E
nv
iro
nm
en
tal &
In
frastr
uctu
re B
usin
ess
(+14.0
billio
n y
en
)In
cre
ased e
arn
ings f
rom
the N
ort
h A
merican a
nd A
sia
n p
ow
er
genera
tion b
usin
ess, in
clu
din
g g
ain
on the r
eve
rsal of im
pairm
ent
losses r
ecogniz
ed in p
rior
years
.
Ind
ustr
ial F
inan
ce, L
og
isti
cs &
Dev
elo
pm
en
t (+
11.0
billio
n y
en
)In
cre
ased e
arn
ings in
the fund in
vestm
ent busin
ess.
Mach
inery
(+
7.0
billio
n y
en
)In
cre
ased e
arn
ings in
auto
mobile
-rela
ted b
usin
ess in
regio
ns o
uts
ide
Asia
, a
s w
ell
as in
the s
hip
pin
g a
nd in
dustr
ial m
achin
ery
busin
esses.
Ch
em
icals
(0 b
illio
n y
en
)
No c
hanges fro
m the e
arn
ings fore
cast announced o
n M
ay
8, 2014.
Liv
ing
Essen
tials
(+
68.0
billio
n y
en
)A
ntic
ipate
d g
ain
on the r
eve
rsal o
f im
pairm
ent lo
sses r
ecogniz
ed in
prior
fiscal y
ears
, alo
ng w
ith h
igher
sale
s p
rices in
the li
vesto
ck
busin
ess.
-40.0
-55.0
14.0
7.0 0
68.0
(Bill
ion
ye
n)
11.0
-5.0
400.0
400.0
2014
58
2014
Re
so
urc
e
No
n-r
es
ou
rce
Initia
l F
ore
cast
Revi
sed
Fore
cast
-
Fe
bru
ary
4, 2
01
5M
itsu
bis
hi C
orp
ora
tio
n
5
(Bill
ion
ye
n)
Th
ree
mo
nth
s
en
de
d J
un
e 2
01
4
(Cu
mu
lative
to
tal)
Six
mo
nth
s e
nd
ed
Se
p. 2
01
4
(Cu
mu
lative
to
tal)
Nin
e m
on
ths
e
nd
ed
De
c. 2
01
4
(Cu
mu
lati
ve
to
tal)
Op
era
tin
g C
ash
Flo
ws
Inve
stin
g C
ash
Flo
ws
Fre
e C
ash
Flo
ws
Year
en
ded
Mar.
2013
Year
en
ded
Mar.
2014
159.9
350.6
485.8
2.9
269.3
357.7
-75.7
-105.5
-274.8
Un
de
rlyi
ng
Op
era
tin
g C
ash
Flo
ws =
an
Op
era
tin
g C
ash
Flo
ws
exc
lud
ing
th
e c
ha
ng
es in
asse
ts a
nd
lia
bili
tie
s.
( N
et in
co
me
(in
clu
din
g n
on
co
ntr
olli
ng
inte
rest)
+ D
ep
recia
tio
n –
Pro
fit a
nd
Lo
ss r
ela
ted
to
inve
stin
g a
ctivi
tie
s )
548.2
453.3
539.3
381.6
-791.0
-300.5
Cash
Flo
ws
-72.8
163.8
82.9
-337.7
81.1
-
Fe
bru
ary
4, 2
01
5M
itsu
bis
hi C
orp
ora
tio
n
New
In
vestm
en
ts a
nd
Po
rtfo
lio
Resh
ap
ing
(Bill
ion
ye
n)
6*
Pro
fit a
nd
lo
ss o
n s
ale
s is n
ot in
clu
de
d in
th
e a
mo
un
t o
f “A
sse
t sa
le.”
Ne
w
inve
stm
en
t
Re
so
urc
e
No
n-r
eso
urc
e
To
tal
Po
rtfo
lio
resh
ap
ing
Asse
t sa
le*
De
pre
cia
tion
To
tal
Ne
t in
vestm
en
t
80
.04
0.0
50
.0170.0
10
0.0
110
.02
20
.0430.0
18
0.0
15
0.0
27
0.0
600.0
70
.011
0.0
80
.0260.0
50
.04
0.0
50
.0140.0
12
0.0
15
0.0
13
0.0
400.0
60
.00
.01
40
.0200.0
Coal busin
ess in
Austr
alia
Shale
gas a
nd L
NG
busin
esses
Salm
on farm
ing b
usin
ess
Fund a
nd r
eal e
sta
te in
vestm
ent
Ship
pin
g b
usin
ess
Aircra
ft le
asin
g b
usin
ess
Ship
pin
g b
usin
ess
Fund in
vestm
ent
�
Ye
ar
en
din
g M
ar.
20
15
Ju
ne
20
14
Se
pte
mb
er
20
14
De
ce
mb
er
20
14
Actu
al
(Cum
ula
tive
tota
l)
Main
inve
stm
ent and d
ivestm
ent
are
as in
the n
ine
month
s e
nded
Decem
ber
2014
330.0
470.0
800.0
510.0
170.0
680.0
120.0
Ye
ar
en
de
d
Ma
r.2
01
4
Cu
mu
lative
to
tal
-
Fe
bru
ary
4, 2
01
5M
itsu
bis
hi C
orp
ora
tio
n
Eq
uit
y a
nd
In
tere
st-
Beari
ng
Lia
bil
itie
s
7
3,7
10
.8
4,4
20
.14
,60
1.1
5,0
42
.5
3,7
73
.5
4,5
17
.1
5,0
67
.7
5,4
65
.2
1.0
1.0
0.9
0.9
Ma
r. 3
1, 2
012
Ma
r. 3
1, 2
013
Ma
r. 3
1, 2
014
De
c. 3
1, 2
01
4
Inte
rest-
be
arin
g li
ab
ilitie
s (
ne
t)T
ota
l e
qu
ity
De
bt-
to-e
qu
ity
ratio
(n
et)
(Bill
ion
ye
n)
Net in
com
e315.3
bill
ion y
en
Exchange d
iffe
rences o
n tra
nsla
ting f
ore
ign
opera
tions
244.6
bill
ion y
en
(US
D1
50
.0 b
illio
n y
en
, T
HB
30
.0 b
illio
n y
en
)
Oth
er
inve
stm
ents
desig
nate
d a
s F
VT
OC
I, e
tc.
24.7
bill
ion y
en
Purc
hase a
nd c
ancella
tion o
f tr
easury
sto
ck
-59.7
bill
ion y
en
Paym
ent
of div
idends
-127.4
bill
ion y
en
Main
Drive
rs o
f th
e C
hange in
Equity
(+397.5
bill
ion y
en incre
ase a
gain
st M
arc
h 3
1, 2014)
-
Fe
bru
ary
4, 2
01
5M
itsu
bis
hi C
orp
ora
tio
n
8
Fo
reig
n E
xch
an
ge, In
tere
st
Rate
an
d C
om
mo
dit
y P
rices S
en
sit
ivit
ies
(Refe
ren
ce)
Mark
et
Co
nd
itio
ns
Init
ial fo
recast
Re
vis
ed
fo
rec
as
t
Co
nso
lid
ate
d N
et
Inco
me S
en
sit
ivit
ies
Fore
cast fo
r ye
ar
endin
g M
arc
h 2
015
(Announced M
ay
8,
2014)
Nin
e m
onth
s
ended D
ec.
2014
(Apr.
-Dec.)
Thre
e m
onth
s
endin
g M
arc
h
2015
(Jan.-
Mar.
)
Fore
cast fo
r ye
ar
endin
g
Marc
h 2
015
(Update
d)
Fo
reig
n
Exc
ha
nge
(ye
n/U
S$
)1
00
10
6.7
11
51
08
.8D
epre
cia
tion (
appre
cia
tion)
of 1 y
en p
er
US
$1 h
as a
2.5
bill
ion
yen p
ositi
ve (
negativ
e)
impact on a
full-
year
basis
.
Ye
n In
tere
st
(%)
TIB
OR
0.2
50
.20
0.2
00
.20
The e
ffect of risin
g inte
rest ra
tes is
mostly
off
set by
an in
cre
ase
in o
pera
ting a
nd
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here
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arn
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Resta
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