Mitsubishi Corp posts JPY 1.2 trillion consolidated net income for FY2024
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Mitsubishi Corporation reported a consolidated net income of JPY 1.20 trillion for FY2024, with a forecast of JPY 1.10 trillion for FY2025. The automotive segment faced challenges due to market conditions and U.S. tariffs, while the food sector benefited from higher prices and increased equity in Mitsubishi Shokuhin. The Smart-Life Creation segment saw improved contributions from Lawson, and the Power Solution segment reported increased profits in North America and Europe. The company remains focused on achieving its Corporate Strategy 2027 targets and enhancing its portfolio for medium-term growth.
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