OREANDA-NEWS. Mitsubishi Electric Corporation announced its consolidated and non-consolidated financial results for fiscal 2014 (April 1, 2013- March 31, 2014).

Net sales: 4,054.3 billion yen (14% increase from the previous fiscal year). Operating income: 235.1 billion yen (55% increase from the previous fiscal year). Income before income taxes: 248.9 billion yen (3.82 times increase from the previous fiscal year).

Net income attributable to Mitsubishi Electric Corp.: 153.4 billion yen (2.21 times increase from the previous fiscal year).

As a result, Mitsubishi Electric has recorded consolidated net sales of 4,054.3 billion yen for fiscal year 2014, increased by 14% compared to the previous fiscal year with increased revenues in all business segments.

Consolidated operating income for fiscal year 2014 increased by 55% compared to the previous fiscal year to 235.1 billion yen, mainly due to increased profits in the Industrial Automation Systems, Information and Communication Systems, Electronic Devices and Home Appliances segments.