29 Jul 2008 07:00
MITSUBISHI ELECTRIC CORPORATION
PUBLIC RELATIONS DIVISION
7-3, Marunouchi 2-chome, Chiyoda-ku, Tokyo,
100-8310 Japan
| FOR IMMEDIATE RELEASE | No. 2438 |
| Investor Relations Inquiries: | Media Contact: |
| Investor Relations Group | Yurika Fujimoto |
| Corporate Finance Division | Public Relations Division |
| Mitsubishi Electric Corporation | Mitsubishi Electric Corporation |
| Tel:+81-3-3218-2391 | Tel:+81-3-3218-3380 |
| Cad.Irg@rk.MitsubishiElectric.co.jp | prd.gnews@nk.MitsubishiElectric.co.jp |
| http://global.mitsubishielectric.com/news/ |
MITSUBISHI ELECTRIC ANNOUNCES CONSOLIDATED FINANCIAL RESULTS FOR THE FIRST QUARTER OF FISCAL 2009
Tokyo, July 28, 2008 - Mitsubishi Electric Corporation (President and CEO: Setsuhiro Shimomura) announced today its financial results for the first quarter ending June 30, 2008, of the current fiscal year ending March 31, 2009 (fiscal 2009).
| Consolidated Financial Results |
| Net sales: | 879.0 billion yen | (1% increase from the same quarter last year) |
| Operating income: | 67.4 billion yen | (2% increase from the same quarter last year) |
| Income before income taxes: | 78.9 billion yen | (18% increase from the same quarter last year) |
| Net income: | 55.2 billion yen | (19% increase from the same quarter last year) |
Management conditions during the first quarter of fiscal 2009 saw a gradual slowdown in the global economy, due to high material and crude oil prices as well as a continued trend of an economic slowdown in the United States. The Japanese economy also experienced a likely trend of recovery becoming weaker than anticipated.
Under these circumstances, first quarter consolidated net sales grew 1% compared to the same period of the previous fiscal year to 879.0 billion yen due to increased revenue from the Industrial Automation Systems and Home Appliances segments, etc.
Consolidated operating income increased 2% from the same period of the previous fiscal year to 67.4 billion yen due to increased profit from the Information and Communication Systems and Home Appliances segments.
Click on, or paste the following link into your web browser, to view a PDF of the full announcement.
http://www.rns-pdf.londonstockexchange.com/rns/9721Z_1-2008-7-28.pdf