Saturday, September 18, 2021

Mitsubishi Electric Announces Consolidated Financial Results for the First Quarter of Fiscal Year 2022

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Consolidated Financial Results The full document on Mitsubishi Electric’s financial results can be viewed at the following link:www.MitsubishiElectric.com/news

1,066.4

Revenue:

billion yen

(24% increase from the same period last year)

Operating profit:

82.7

(310% increase from the same period last year)

billion yen

Profit before income taxes:

89.5

billion yen

(230% increase from the same period last year)

Net profit attributable toMitsubishi Electric Corp. stockholders:

61.8

(246% increase from the same period last year)

billion yen

As a result, the financial results for the first quarter improved significantly from the same period of the previous fiscal year that experienced a serious impact of COVID-19.

The economy in the first quarter, from April through June 2021, of fiscal 2022 generally continued to see recovery in the corporate sector in Japan, the U.S. and Europe, while the paces of recovery in the household sector varied depending on the situation of the expansion of the novel coronavirus diseases (COVID-19). China also continued to see recovery primarily in export and manufacturing since the first half of the previous fiscal year.

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  • Mitsubishi Electric Announces Consolidated Financial Results for the First Quarter of Fiscal Year 2022
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