Press Information
Notice Regarding Foreign Exchange Loss
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Tokyo, October 25, 2010 - Mitsubishi Heavy Industries, Ltd. (MHI) today reports the following foreign exchange loss projected on a consolidated basis for the first half of the current fiscal year ending in March 2011.
1.Description of foreign exchange loss
As a result of recent fluctuations in exchange rates, during the first half of the fiscal year ending March 2011 the company now expects to incur foreign exchange loss in the amount of 14.0 billion yen on a consolidated basis. The loss will be booked as a non-operating expense.
2.Impact on earnings
The foregoing foreign exchange loss has been factored into the "Notice Regarding Consolidated Earnings in the First Half of the Fiscal Year Ending March 2011" released separately today (October 25, 2010).
As a result of recent fluctuations in exchange rates, during the first half of the fiscal year ending March 2011 the company now expects to incur foreign exchange loss in the amount of 14.0 billion yen on a consolidated basis. The loss will be booked as a non-operating expense.
2.Impact on earnings
The foregoing foreign exchange loss has been factored into the "Notice Regarding Consolidated Earnings in the First Half of the Fiscal Year Ending March 2011" released separately today (October 25, 2010).
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.