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MITSUBISHI ELECTRIC Changes for the Better //// Anniversary MITSUBISHI ELECTRIC CORPORATION PUBLIC RELATIONS DIVISION 7-3 , Marunouchi 2 - chome , Chiyoda - ku , Tokyo , 100-8310 Japan FOR IMMEDIATE RELEASE Investor Relations Inquiries Investor Relations Group , Corporate Finance Division Mitsubishi Electric Corporation Cad . Irg@rk.MitsubishiElectric.co.jp No. 3447 Media Inquiries Public Relations Division Mitsubishi Electric Corporation prd.gnews@nk.MitsubishiElectric.co.jp www.Mitsubishi Electric.com/news/ Mitsubishi Electric Announces Consolidated Financial Results for the First Half and Second Quarter of Fiscal 2022 TOKYO , October 28 , 2021 Mitsubishi Electric Corporation ( TOKYO : 6503 ) announced today its consolidated financial results for the first half and second quarter , ended September 30 , 2021 , of the current fiscal year ending March 31 , 2022 ( fiscal 2022 ) . 1. Consolidated Half - year Results ( April 1 , 2021 – September 30 , 2021 ) Revenue : Operating profit : Profit before income taxes : Net profit attributable to Mitsubishi Electric Corp. stockholders : 2,138.3 billion yen 137.8 billion yen 148.3 billion yen 104.8 billion yen ( 12 % increase from the same period last year ) ( 125 % increase from the same period last year ) ( 96 % increase from the same period last year ) ( 117 % increase from the same period last year ) The economy in the first half of fiscal 2022 , from April through September 2021 , generally continued to see recovery in the corporate sector in the U.S. , Europe and Japan . The household sector also recovered in the U.S. and Europe due to the progress in the novel coronavirus diseases ( COVID - 19 ) vaccinations , while the continuing impact of COVID - 19 put downward pressure on recovery of the household sector in Japan . China continued to see recovery in export , while the paces of recovery in manufacturing and the household sector slowed down . Revenue to Revenue in the first half increased by 236.3 billion yen from the same period of the previous fiscal year 2,138.3 billion yen due primarily to increased revenue in Industrial Automation Systems , Home Appliances and Electronic Devices segments . Industrial Automation Systems segment saw an increase in the factory automation systems business due mainly to an increase in demand for capital expenditures relating to semiconductor , electronic components , smartphones and lithium - ion battery worldwide . The automotive equipment business also increased as demand for new cars recovered in all regions except for China . Home Appliances segment increased because demand for air conditioners remained buoyant particularly in Europe and North America . Electronic Devices segment increased due primarily to recovery in demand for power modules . Operating Profit Operating profit increased by 76.4 billion yen from the same period of the previous fiscal year to 137.8 billion yen due mainly to increased operating profit in Industrial Automation Systems and Home Appliances segments . Operating profit ratio improved by 3.2 % from the same period of the previous fiscal year to 6.4 % . The cost ratio improved by 2.0 % from the same period of the previous fiscal year due primarily to higher operating ratio caused by increased revenue of Industrial Automation Systems and Home Appliances segments in addition to the yen depreciating against other currencies . Selling , general and administrative expenses increased by 32.3 billion yen from the same period of the previous fiscal year , but selling , general and administrative expenses to revenue ratio improved by 1.1 % . Other profit ( loss ) increased by 1.9 billion yen from the same period of the previous fiscal year , and other profit ( loss ) to revenue ratio improved by 0.1 % . 1/23