Mitsubishi Electric Announces Consolidated Financial Results for Fiscal 2024
MITSUBISHI ELEC UNSP/ADR (MIELY)
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mitsubishielectric.com/company/ir/index.html
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Source: Business Wire
TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today its consolidated financial results for fiscal 2024 (April 1, 2023 - March 31, 2024).The full document on Mitsubishi Electric’s financial results can be viewed at the following link:www.MitsubishiElectric.com/newsConsolidated Financial ResultsRevenue:5,257.9billion yen(5% increase year-on-year)Operating profit:328.5billion yen(25% increase year-on-year)Profit before income taxes:365.8billion yen(25% increase year-on-year)Net profit attributable toMitsubishi Electric Corp. stockholders:284.9billion yen(33% increase year-on-year)The economy in fiscal 2024 continued to see moderate recovery in Japan, however, recovery in consumer spending came to a standstill recently. In the U.S., the economy continued to see recovery primarily in consumer spending despite monetary tightening and other factors. In China, the economy showed weakness in recovery due to sluggish export as well as slower domestic demand
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