OREANDA-NEWS. August 02, 2012. Mitsubishi Electric Corporation (TOKYO: 6503) announced today its financial results for the first quarter ending June 30, 2012, of the current fiscal year ending March 31, 2013 (fiscal 2013), reported the press-centre of Mitsubishi Electric.

With a setback in the European and Asian economy, and the yen remaining strong against US dollars and euro, business conditions during the first quarter of fiscal 2013 worsened despite buoyancy in the Japanese and US economies.

Under these circumstances, first quarter consolidated net sales fell by 4% compared to the same period of the previous fiscal year to 782.7 billion yen, due to decreased revenue in the Industrial Automation Systems, Electronic Devices and Home Appliances segments, and other factors.

Consolidated operating income decreased by 11% compared to the same period of the previous fiscal year to 46.5 billion yen due to lower profits in the Industrial Automation Systems, Electronic Devices and Home Appliances segments, and other factors.

Full reports see here:
http://www.mitsubishielectric.com/news/2012/0731.pdf