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Mitsubishi Electric Announces Consolidated Financial Results for Fiscal 2017
2017/05/01
TOKYO, April 28, 2017 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today its consolidated financial results for fiscal 2017 (April 1, 2016- March 31, 2017).
 
Consolidated Financial Results
Net sales: 4,238.6 billion yen (4% decrease from the previous fiscal year)
Operating income: 270.1 billion yen (10% decrease from the previous fiscal year)
Income before income taxes: 296.2 billion yen (7% decrease from the previous fiscal year)
Net income attributable to Mitsubishi Electric Corp.: 210.4 billion yen (8% decrease from the previous fiscal year)
 
During the fiscal year ended March 31, 2017, the business environment was buoyed by the expanding U.S. economy and gradual recoveries in Japan and Europe, as well as modest improvement in China’s economic slowdown. In addition, the yen became stronger against foreign currencies compared to the previous year, but weakened after the U.S. presidential election in November.
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