Document Replacement
June 30 2003 - 3:08AM
UK Regulatory
RNS Number:9238M
Mitsubishi Corporation
30 June 2003
June 30, 2003
RE: DOCUMENT REPLACEMENT
Dear Sirs:
We are very sorry to inform you of the correction of the filed document with the
London Stock Exchange on May 14, 2003, regarding Consolidated Financial Results
for the Year Ended March 31, 2003.
Please kindly receive the revised document for replacement.
=Correction=
Page 8 gFinancial Highlights for the Year Ended March 31, 2003h
1. Operating transactions and income
Net income for the year for the year ended March 31, 2003 (Millions of Yen)
(Error) 60,265 a (Corrected)62,265
Yours sincerely,
Yoshihiro Kuroi
Deputy General Manager
Investor Relations Office
----------------Revised page of the document follows-------------------
May 14, 2003
Mitsubishi Corporation
FINANCIAL HIGHLIGHTS FOR THE YEAR ENDED MARCH 31, 2003 (UNAUDITED)
(Mitsubishi Corporation and subsidiaries based on US GAAP)
1. Operating transactions and income
Operating transactions Operating income Income from Net income
consolidated
operations before
income taxes
For the year ended Millions of Yen Millions of Yen Millions of Yen Millions of Yen
March 31, 2003 13,328,721 100,639 60,834 62,265
March 31, 2002 13,230,675 68,189 99,519 60,318
Net income per Net income per Return on equity Pre-tax income to Pre-tax income
share share total assets ratio to total operating
(diluted basis) transactions ratio
For the year Yen Yen % % %
ended
March 31, 2003 39.76 37.26 6.3 0.7 0.5
March 31, 2002 38.50 38.50 6.0 1.2 0.8
2. Assets and shareholders' equity
Total assets Shareholders' equity Ratio of Shareholders' equity
shareholders' equity
to total assets per share
For the year Millions of Yen Millions of Yen % Yen
ended
March 31, 2003 8,097,937 937,058 11.6 598.51
March 31, 2002 8,146,262 1,029,859 12.6 657.40
3. Cash Flows
Operating activities Investing activities Financing activities Cash and cash
equivalents
end of year
For the year Millions of Yen Millions of Yen Millions of Yen Millions of Yen
ended
March 31, 2003 270,281 -24,388 -282,681 348,780
March 31, 2002 161,651 38,057 -129,620 395,227
4. Prospects for the year ending March 31, 2004
Operating Net income
transactions
For the year ending Millions of Yen Millions of Yen
March 31, 2004 14,300,000 100,000
(Forecast of Net income per share for the year ending March 31, 2004 : 63.87
Yen)
5. Number of consolidated subsidiaries : 365
Number of affiliated companies accounted for by the equity method : 162
(As written in 3-(1) of "Basis of Consolidated Financial Statements", only
companies to which consolidated accounting principles are directly applied are
accounted for as consolidated subsidiaries)
(1) The consolidated financial statements have been prepared in accordance with
accounting principles generally accepted in the United States of America
(2) Operating transactions and operating incomes, as presented above, are
voluntary disclosures solely for the convenience of Japanese investors.
Operating transactions represents the gross transaction volume or the aggregate
nominal value of the sales contracts in which the companies act as principal and
transactions in which the companies serve as agent. Operating transactions
exclude the contract value of transactions in which the companiesf role is
limited to that of a broker.
Operating income reflects the companiesf (a) gross profit, (b) selling, general
and administrative expenses, and (c) provision for doubtful receivables.
Operating transactions and operating income, as presented above, are non-GAAP
measure commonly used by similar Japanese trading companies and should not be
construed as equivalent to, or a substitute or proxy for, revenues, or as an
indicator of our operating performance, liquidity or cash flows generated by
operating, investing or financing activities.
(3) Certain restatement and reclassification for the year ended March 31, 2002
have been made to conform to presentation for March 31, 2003 see Note 2. of
"Basis of Consolidated Financial Statements".
(4) The translation of Japanese yen amounts into United States dollar amounts
with respect to the year ended March 31, 2003 are included solely for the
convenience of readers outside Japan and have been made at the rate of Y118=
USD1, the approximate rate of exchange at March 31, 2003.
Forward-looking Statements
This presentation contains forward-looking statements about Mitsubishi
Corporation's future plans, strategies, beliefs and performance that are not
historical facts. Such statements are based on the company's assumptions and
beliefs in light of competitive, financial and economic data currently available
and are subject to a number of risks, uncertainties and assumptions that,
without limitation, relate to world economic conditions, exchange rates and
commodity prices. Accordingly, Mitsubishi Corporation wishes to caution readers
that actual results may differ materially from those projected in this
presentation.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGRGDLRUXGGXG