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 Home Appliance Sales Up 6%
Aug 15, 2013
 Printable format
 Email this Article
 Search


The Home Appliances segment of Mitsubishi Electric Corp. (Tokyo) reported fiscal year 2014 first quarter sales of 218.5 billion yen (approx. US$2.2 billion), up 6% from the first quarter of the previous fiscal year, FY 2013. The first quarter of the company's FY 2014 ended on June 30, 2013.

FY 2014 1Q operating income was 12.2 billion yen, down 0.7 billion yen from FY 2013 1Q.

Mitsubishi said the quarterly gain seen in home appliances business sales came primarily from increased sales of photovoltaic systems and room air-conditioners in Japan and an increase in HVAC equipment business in North America and Asia.

Lower Home Appliances operating income was primarily a result of increased selling expenses worldwide.

Mitsubishi Electric's overall FY 2014 1Q net sales were 834.8 billion yen, up 7% from FY 2013 1Q. Operating income was 34.1 billion yen, down 27%. Income before income taxes was 42.6 billion yen, down 11%. Net income attributable to Mitsubishi Electric Corp. was 25,4 billion yen, down 16%.

Lower overall profits were blamed on lower profits in several of the company's non-appliance business segments: Energy and Electric Systems, Industrial Automation Systems, and Information and Communication Systems segments.

Back to Daily News

 

Daily News

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

Mar 17, 2014: Whirlpool Will Invest $40 Million to Expand Greenville, Ohio Small Appliances Plant

Mar 17, 2014: AHAM Canada: Kevin Girdharry Will Manage Regulatory Affairs

Mar 17, 2014: Electrolux UK Launches Cooking Appliances with Smart Phone Style Control Panel

Mar 17, 2014: Report: Men Using Electric Shavers Less Frequently

Mar 17, 2014: January GDP Up 0.2%

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows