Financial Summary for the Third Quarter of the Fiscal Year Ending March 2026 [IFRS] (Consolidated)

Consolidated Performance for the Third Quarter of the Fiscal Year Ending March 2026

Net sales for the third quarter of the fiscal year ending March 2026 reached ¥4,156,010 million, marking a 3.9% increase year-over-year, achieving higher revenues. On the other hand, operating income decreased to ¥294,757 million, down 2.9% year-over-year; however, income before income taxes for the quarter rose by 10.1% to ¥379,379 million, and net income attributable to owners of the parent for the quarter increased by 20.2% to ¥298,265 million, securing profit growth. Total comprehensive income for the quarter also significantly increased by 33.4% to ¥454,583 million. Total assets amounted to ¥6,659,941 million, and equity attributable to owners of the parent was ¥4,162,079 million, representing an equity ratio of 62.5%.

Business Combination and Future Outlook

On January 28, 2026, Mitsubishi Electric fully acquired U.S.-based OT security solution company Nozomi Networks, Inc. for US$858 million (¥130.8 billion), making it a wholly owned subsidiary. This acquisition strengthens the company's OT security business, aiming to become the global No.1 OT security solution provider. The full-year earnings guidance for the fiscal year ending March 2026 forecasts net sales of ¥5,760,000 million (4.3% year-over-year increase), operating income of ¥400,000 million (2.1% year-over-year increase), and net income attributable to owners of the parent of ¥360,000 million (11.1% year-over-year increase). Additionally, an annual dividend of ¥55.00 (increase compared to the previous term) is planned, continuing shareholder returns.