Mitsubishi Full Year 2024 Earnings: Misses Expectations

Mitsubishi (TSE:8058) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥20t (down 9.3% from FY 2023).
• Net income: JP¥964.0b (down 18% from FY 2023).
• Profit margin: 4.9% (down from 5.5% in FY 2023).
• EPS: JP¥230 (down from JP¥270 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Mitsubishi Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 2.0%.

The primary driver behind last 12 months revenue was the Consumer Industry segment contributing a total revenue of JP¥3.51t (18% of total revenue). Notably, cost of sales worth JP¥17t amounted to 88% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to JP¥1.61t (95% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of JP¥309.7b. Explore how 8058's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to decline by 3.5% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat.

Performance of the Japanese Trade Distributors industry.

The company's shares are down 4.5% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Mitsubishi (1 is a bit concerning!) that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com