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Mitsubishi Corp Posts 2.3% Drop In Net Profit

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Mitsubishi Corp (OTC: MSBHY) reported a 2.3% drop in its net profit for the fiscal year ended March 31.

Mitsubishi's net profit for the period fell to Y453.85 billion, from Y464.54 billion, in the year-ago period.

Mitsubishi's operating profit dropped 14.2% to Y271.12 billion from Y316.14 billion. Its revenue gained 4.6% to Y20.126 trillion from Y19.233 trillion.

Mitsubishi shares closed at $41.84 yesterday.

 

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