Feb 03, 2021 / 09:00AM GMT
Kazuyuki Masu - Mitsubishi Corporation - Executive VP, Corporate Functional Officer, CFO & Director
This is Masu, the CFO. Thank you very much for taking time out of your busy schedule to join us today for the announcement of our financial results for the third quarter of fiscal 2020. I will first give you an overview, which will be followed by details by Mr. Nouchi, General Manager of the Corporate Accounting Department.
Consolidated net income for Q3 fiscal 2020 decreased by JPY 204.2 billion year-over-year to JPY 169.1 billion. The progress made against the August outlook of JPY 200 billion was 85%.
Now please turn to Page 1 of the presentation. First of all, regarding year-over-year fluctuation, please refer to the box on the lower left. Despite our rebound from loss related to crude oil trading derivatives at the trading company in Singapore recorded in the same period last fiscal year, profits decreased by JPY 204.2 billion year-over-year due to the widespread impact of COVID-19. As we explained in Q2, with sluggish commodity prices, profits decreased in the Australian
Q3 2021 Mitsubishi Corp Earnings Call Transcript
Feb 14, 2024
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