Mitsubishi: Income expectations exceeded

Mitsubishi has revised its original forecasts for the first half of 2008 (April 1 to September 2008). The revised forecast sees a fall in revenue, however due to a favourable exchange rate, where the Yen was weaker than expected during the period there has been an increase in Operating income, Ordinary income and Net income.

Operating income is up 10,000,000,000Yen (£63,154,643)
Ordinary income is up 10,500,000,000Yen (£66,513,153)
Net income is up 12,500,000,000Yen (£79,232,108)

Slow Unit Sales
The revision has taken place following slow unit sales and the expectation that revenue for the first half of the Financial Year is expected to fall below the company’s original forecast. The consolidated forecasts for the full fiscal year will be reported on at the same time as the financial announcement for the first half on 30th October 2008.