Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Mitsubishi Electric 1Q Appliance Revenues Up
Aug 4, 2011
 Printable format
 Email this Article
 Search

Mitsubishi Electric saw revenues rising in the first quarter of its fiscal year, including increased revenues from its home Appliances business.

Mitsubishi Electric Corp. (Tokyo) reported net sales of 813.6 billion yen (approx. US$10.55 billion) in the first quarter of its 2012 fiscal year, up 4% from the same quarter last year. Operating income was 52.2 billion yen, up 1% from the same quarter a year ago. Income before income taxes was 49.2 billion yen, up 5%.

Mitsubishi saw a recovery trend in the quarter, stemming from "buoyancy" in demand for capital expenditures, primarily in Asia – this despite the sharp drop in domestic Japanese production due to the Great East Japan Earthquake and despite the Japanese yen appreciating against U.S. dollars.

Net sales in the quarter were up 4% over the same quarter of the previous year to reach 813.6 billion yen, with revenue increasing in the companies Home Appliances business as well as Energy and Electric Systems, Industrial Automation Systems, and Electronic Devices.

Consolidated operating income increased 1% compared to the same quarter a year ago to 52.2 billion yen – again due to higher profits in Home Appliances, as well as in Industrial Automation Systems and Electronic Devices.

Back to Daily News

 

Daily News

...........................................................

Oct 21, 2014: AHRI Annual Meeting Registration Remains Open

Oct 20, 2014: Electrolux 3Q Operating Income up 29%

Oct 17, 2014: Whirlpool completes purchase of majority interest in Indesit

Oct 17, 2014: Corrected: AHRI Annual Meeting Registration Remains Open

Oct 17, 2014: Walmart will moderate brick-and-mortar growth and increase capital spending on e-commerce capabilities

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows