Mitsubishi Electric Corp. (MIELY.PK) reported net income attributable to the company of 30.4 billion yen for the first quarter, a 12% increase from the same quarter a year ago.
Net sales for the three-month period decreased 4% to 782.7 billion yen from the priro-year quarter, mainly hurt by decreased revenue in the Industrial Automation Systems, Electronic Devices and Home Appliances segments, and other factors.
Going ahead, for the first half of fiscal 2013, the company still expects net income attributable to Mitsubishi Electric to be 45.0 billion yen and net sales to be 1.71 trillion yen.
For fiscal 2013, the company still expects net income attributable to Mitsubishi Electric to be 120.0 billion yen and net sales to be 3.74 trillion yen.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.