Mitsubishi Electric reports record half-year financials, completes share buyback

Mitsubishi Electric Corporation announced the conclusion of its share repurchase program, buying back 29,893,600 shares for JPY 99,999,733,000 between October 1-30, 2025, meeting the maximum JPY 100 bn limit set by its board. This follows an earlier approval to repurchase up to 60,000,000 shares.

Concurrently, Mitsubishi Electric reported record-high consolidated financial results for the first half of fiscal 2026 (April 1 to September 30, 2025), with revenue of JPY 2,732.5 bn (+JPY 88.9 bn YoY) and operating profit of JPY 224.3 bn (+JPY 47.6 bn YoY). This growth was driven by increased sales in the Infrastructure segment, profitability initiatives, and a one-time income from a subsidiary's share transfer, despite a stronger yen.

The company updated its full-year fiscal 2026 forecast, raising revenue to JPY 5,670.0 bn (+JPY 270.0 bn from previous forecast) while maintaining its operating profit forecast at JPY 430.0 bn. Mitsubishi Electric also declared an interim dividend of JPY 25 per share (+JPY 5 YoY) and anticipates a year-end dividend of JPY 30 per share.