Mitsubishi : Notice Concerning Differences between Consolidated Actual Results For the Fiscal Years Ended March 31, 2020 and 2021 and Differences between Non-Conso
May 07, 2021 at 05:21 am EDT
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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.
Profit for the
Profit for the year
Profit
Profit
year
attributable to
Revenues
attributable to
owners of the
before tax
for the year
owners of the
Parent
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,
14,779,734
648,864
592,151
535,353
348.50
2020 (A)
Actual Results for
fiscal year
12,884,521
253,527
132,241
172,550
116.86
ended March 31,
2021 (B)
(459,910
(2
Difference (B-A)
(1,895,213)
(395,337)
)
(362,803)
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
1,437,004
417,871
393,351
ended March 31, 2021
(B)
Difference (B-A)
(300,889)
117,668
28,688
Difference (%)
(17.31%)
39.20%
7.87%
1
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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Mitsubishi Corporation published this content on 07 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 May 2021 09:20:29 UTC.
Mitsubishi Corporation is a diversified group organized around 10 sectors of activity:
- manufacturing of food and consumer products (29.9% of net sales);
- production of chemicals and petroleum products (19.9%): crude oil, refined products, natural gas, synthetic fiber materials, petrochemicals, fertilizers and specialty chemicals ;
- production and processing of metals (12.6%): iron, steel products and non-ferrous metals;
- mineral resources exploitation (16.5%);
- exploration and production of natural gas (6.7%);
- car manufacturing (5.3%);
- production, transmission and distribution of electricity (5.3%);
- construction of energy infrastructure and industrial facilities (3.3%). The group also sells construction machinery, machine tools, agricultural machinery, elevators, escalators, facility management, ships and aviation equipment;
- development of real estate assets (0.4%);
- other (0.1%).
Net sales break down geographically as follows: Japan (51.8%), the United States (15.5%), Singapore (7%), Australia (6.2%) and other (19.5%).
Mitsubishi : Notice Concerning Differences between Consolidated Actual Results For the Fiscal Years Ended March 31, 2020 and 2021 and Differences between Non-Conso