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Mitsubishi Electric News

Changes for the Better

Mitsubishi Electric Announces Consolidated Financial Results for Fiscal 2019

Mitsubishi Electric Corporation announced its consolidated financial results for fiscal 2019 (April 1, 2018- March 31, 2019).

During the fiscal year ended March 31, 2019, the economy saw a buoyant expansion in the U.S. and a slight slowdown in the Chinese economy, while there were gradual trends of recovery in Japan and Europe despite a recent slowdown in some indicators such as export and production. In addition, the yen, compared to the previous fiscal year, was substantially unchanged against the U.S. dollar, and remained strong against the euro in and after August.

Under these circumstances, the Mitsubishi Electric Group has been working even harder than before to promote growth strategies rooted in its advantages, while continuously implementing initiatives to strengthen its competitiveness and business structure.

As a result, the Mitsubishi Electric Group has recorded a revenue of 4,519.9 billion yen for fiscal 2019, an increase of 2% compared to the previous fiscal year, with increased revenue mainly in the Energy and Electric Systems, Industrial Automation Systems and Home Appliances segments. Consolidated operating profit decreased by 11% compared to the previous fiscal year to 290.4 billion yen, due to decreased profits in the Industrial Automation Systems and Electronic Devices segments.

Profit before income taxes decreased by 11% compared to the previous fiscal year to 315.9 billion yen, and net profit attributable to Mitsubishi Electric Corporation stockholders decreased by 11% compared to the previous fiscal year to 226.6 billion yen.
 

Responsible for the content of this press release: Mitsubishi Electric Europe B.V.

Contact

Mitsubishi Electric Europe B.V.
Mitsubishi-Electric-Platz 1
40882 Ratingen
Germany
+49 2102 486 5000
+49 2102 486 5910

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