Mitsubishi Electric Corporation’s Home Appliances business segment reported total sales of 477.1 billion yen in the first half of its current fiscal year (fiscal 2015). This is a 4% increase from the same period in the previous fiscal year.

Operating income in the first half was 35.2 billion yen, up 12.0 billion yen from the same period in the previous year.

Increased sales from the business segment was credited to stronger sales of air-conditioners in Asian, North American, and European markets, stronger sales of package air-conditioners in Japan, and the weaker yen.

Mitsubishi Electric Corporation as a whole had first-half net sales of 1,972.8 billion yen, up 9% from the first half of the previous fiscal year. Net income was 97.8 billion yen, an increase of 102% from the previous year. Income was boosted by increased profits in the Home Appliances segment, as well as in the company’s Industrial Automation Systems segment and its Information and Communication Systems segment.

Mitsubishi said the business environment in Japan in the first half of fiscal year 2015 saw an upward trend in the commercial sector, despite a backlash from the last-minute surge in demand experienced before the rise in Japan’s consumption tax.

Economies outside Japan as a whole saw ongoing gradual expansion, owing to buoyant economic expansion in the U.S. and other factors, and despite a stagnation in Europe and some emerging markets.

Mitsubishi’s Electric Corp.’s fiscal year 2015 ends March 31, 2015. The company is forecasting net sales for the fiscal year to be 4,220.0 billion yen, a 4% increase from fiscal 2014. Operating income is forecast to be 275.0 billion yen, a 17% increase from fiscal 2014.

The geographic breakdown of company sales in the first half of 2015:
• Japan: sales of 1,621,249 million yen
• North America: 177,027 million yen
• Asia, excluding Japan: 486,962 million yen
• Europe: 193,530 million yen
• Others: 21,657 million yen

Mitsubishi Electric Corporation’s Home Appliances business segment makes:
• LCD televisions
• room air conditioners
• package air conditioners
• air-to-water heat pump boilers
• refrigerators
• electric fans
• ventilators
• photovoltaic systems
• hot water supply systems
• LED lamps
• fluorescent lamps
• indoor lighting
• compressors
• chillers
• dehumidifiers
• air purifiers
• showcases
• cleaners
• jar rice cookers
• microwave ovens
• IH cooking heaters (induction cooktops)