Mitsubishi Electric Q1 FY 2024 revenue up by 14% to ¥1,220.3 billion
Ease of supply of some semiconductor parts and robust demand for EV-related parts powered the company’s performance in the quarter
Mitsubishi Electric Corp. in a July 31 press release announced its consolidated financial results for the first quarter of fiscal year 2024, posting a total revenue of ¥1,220.3 billion ($8.59 billion), up 14%, and an operating profit of ¥61 billion, an increase of 80% year over year.
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