Investor Presentaiton
Mitsubishi Corporation
Summary of Net Income
Power Solution Group
November 2, 2023
Mitsubishi Corporation
(Billions of Yen)
1Q 2Q 3Q 4Q H2 forecast (revised)
113.0
125.0
FY2022
H1
FY2023
Change
Remarks
100.0
H1
61.9
75.0
One-off
(5.1)
(5.3)
(0.2)
Increased earnings in the European
107.8
50.0
63.5
Net Income
excl. One-off
(4.0)
10.5
Total
(9.1)
5.2
14.3
14.5 integrated energy business despite decreased
earnings in the Overseas power business.
25.0
7.5
0.0
Forecast
for FY2023
Revised
Forecast for
FY2023
14.4
(23.5)
84
(3.2)
Change
Remarks
Progress
Remarks
(25.0)
FY2022
FY2023
109.0
113.0
4.0
Increased earnings in the European
integrated energy business despite
decreased earnings in the Overseas
power business.
Expected gains on sale of assets in the
5% Overseas power generating business
during the second half.
FY2022 End
FY2023 H1
Change
Total Assets
2,716.2
2,807.0
90.8
Progress of FY2023 H1 results against the Revised Forecast
Earnings of Major Subsidiaries and Affiliates
One-off Gains/Losses
Subsidiary/
Affiliate
Company Name (Country)
Subsidiary
N.V. Eneco (Netherlands)*
Electric Power Business
Subsidiary
Diamond Generating Asia, Limited (Hong
Kong)
Electric Power Business
Subsidiary
DIAMOND GENERATING CORPORATION
(U.S.A.)
Electric Power Business
Subsidiary
DIAMOND TRANSMISSION CORPORATION
LIMITED (U.K.)
Power Transmission Business
Subsidiary
Mitsubishi Corporation Energy Solutions Ltd.
(Japan)
Electric Power Business
Business Description
Equity
Holding
(%)
Equity in Earnings
FY2022
FY2023
H1
H1
Change
FY2023
One-off Gains
1Q
2Q
3Q
4Q
Total
Total
One-off Losses
80.00
(10.8)
14.6
25.4
Impairment losses on Asian power generating assets
(2.9) (0.1)
Provisions recorded due to cost increase in Overseas water business
(2.2) (0.1)
100.00
0.8
1.9
1.1
Total
(5.1)
(0.2)
(3.0)
(2.3)
(5.3)
100.00
5.5
(5.5)
(11.0)
FY2022
100.00
1.1
4.2
3.1
Total of One-off Gains
Total of One-off Losses
1Q
2Q
3Q
4Q
Total
5.7
25.3
31.0
(1.7)
(9.1)
(20.3)
(31.1)
100.00
(6.6)
(1.1)
5.5
*The figures above include consolidation adjustments (FY2022: -2.6 billion yen, FY2023: -3.2 billion yen) to equity in earnings, such as DD&A on assets
measured at fair value at the time of acquisition of Eneco Group.
Copyright © 2023 Mitsubishi Corporation
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