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Notice Regarding Foreign Exchange Gain
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Tokyo, February 2, 2017 - Mitsubishi Heavy Industries, Ltd. (MHI) is reporting a foreign exchange gain, projected on a consolidated basis for the first nine months of the fiscal year ending March 2017.
1.Details of foreign exchange gain
As a result of exchange rate fluctuations during the third quarter of FY2016 the company now expects a foreign exchange gain of 24.9 billion yen on a consolidated basis. The gain will be booked as a non-operating income item. The overall extraordinary losses for the first nine months of FY2016 amount to 13.1 billion yen.
2.Impact on earnings
The foreign exchange gain has been factored into the financial results for the first nine months of FY2016, which were also published today (February 2, 2017).
As a result of exchange rate fluctuations during the third quarter of FY2016 the company now expects a foreign exchange gain of 24.9 billion yen on a consolidated basis. The gain will be booked as a non-operating income item. The overall extraordinary losses for the first nine months of FY2016 amount to 13.1 billion yen.
2.Impact on earnings
The foreign exchange gain has been factored into the financial results for the first nine months of FY2016, which were also published today (February 2, 2017).
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.