JAPAN: Mitsubishi Electric’s H1 operating income falls 21%

By Graeme Roberts | 31 October 2012

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.

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.