Mitsubishi Home Appliance Sales Up 8% in 9-Month Period
Feb 17, 2014
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The Home Appliances business segment of Mitsubishi Electric Corp. (Tokyo) had total sales of 667.0 billion yen (approx. USD $6.55 billion) in the first nine months of its 2014 fiscal year, an 8% increase from the same period in the previous year.
Home Appliances had an operating income of 30.4 billion yen (approx. $299 million), an increase of 12.2 billion yen from the same period in the previous year.
The home appliances business was boosted in the nine-month period by:
• stronger air-conditioner sales in Asian, European, and North American markets
• stronger air-conditioners and photovoltaic systems in Japan
• a weaker yen
In the first nine months of its 2014 fiscal year Mitsubishi Electric Corp. as a whole reported net sales of 2,727.2 billion yen, up 9% increase from the first nine months of the previous fiscal year.
In the nine–month period—from April 1, 2013 through Dec. 31, 2013—it reported operating income of 143.1 billion yen, up 26% from the same period in the previous year. Net income attributable to Mitsubishi Electric Corp. was 94.8 billion yen, a 93% increase.
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