Consolidated Financial Results The full document on Mitsubishi Electric’s financial results can be viewed at the following link:www.MitsubishiElectric.com/news
(24% increase from the same period last year)
(310% increase from the same period last year)
Profit before income taxes:
(230% increase from the same period last year)
Net profit attributable toMitsubishi Electric Corp. stockholders:
(246% increase from the same period last year)
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.
News Highlights Business
- Mitsubishi Electric Announces Consolidated Financial Results for the First Quarter of Fiscal Year 2022
- Check all news and articles from the Business news updates.