Mitsubishi Electric net income in the second fiscal quarter decreased 69% year on year to JPY13.1bn (US$164.5m) and operating income fell 30% to JPY43bn on sales off 2% to JPY913.2bn.

The industrial automation systems unit posted sales of JPY456.9bn, a 6% decrease. Operating income fell JPY22.6bn to JPY33.9bn.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

First half net income fell 37% to JPY43.6bn while operating income dipped 21% to JPY89.6bn. Sales fell 3% to JPY1,696bn.

Industrial automation systems sales fell 8% to JPY232.8bn while operating income dipped JPY15.8bn to JPY12.7bn.

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now