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Yorihiko Kojima
President and CEO
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Mitsubishi Corporation (MC) posted recordhigh consolidated net income for the fourth consecutive year in fiscal 2006, achieving a 19% year-on-year rise to ¥415.9 billion. This was the result of improved commodity prices in the resources and energy segments, which led to an especially large increase in profits for the Metals Group, as well as increased prof its for the Machinery and Chemicals groups.
In consideration of this improved revenue level and our solid balance sheet, for fiscal 2006 we established an annual dividend per share of ¥46 (the total of last November's interim dividend of ¥18 plus this June's yearend dividend of ¥28), an increase of ¥11 (31%) over the previous fiscal year's ¥35.
Fiscal 2007 marks the last fiscal year in the "step" period of INNOVATION 2007, the fouryear medium-term management plan begun in fiscal 2004. In order to realize sustained growth during the "jump" period that begins in fiscal 2008, we have designated three fields-new energy and the environment, medical health care, and finance-as "nextgeneration core businesses" to be cultivated company-wide as pillars of our business for the next generation. In conjunction with this, in April of this year we reorganized under a framework of seven business groups, two of which were newly created: the Business Innovation Group and the Industrial Finance, Logistics & Development Group. These two new groups will be central to our efforts in next-generation core businesses. We will also work to strengthen, through the continued targeted investment of management resources, strategic fields that have been at the core of our businesses and are expected to remain earnings mainstays in the future. In addition, we will also work to nurture and attract human asset to support our growth strategy, and to strengthen internal control systems and other management foundations.
Under these management policies we forecast fiscal 2007 consolidated net income of ¥400.0 billion, about the same level as for fiscal 2006. For the fiscal 2007 dividend, we anticipate an annual dividend per share of about ¥46 yen provided we achieve the expected consolidated performance of ¥400.0 billion.
Our officers and employees are working as one to realize our vision of continued growth while opening up a new era-of contributing to society and earning the recognition of shareholders, customers and other stakeholders as "a new industry innovator." In this endeavor we look forward to your continued support and understanding.
June 2007
Annual Report 2007 - INNOVATION 2007 "Step" >
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