Japan's Mitsubishi Electric grew its profit 57% to $1.9 billion in H1 FY2027 (Apr–Sep 2026) 🇯🇵⚡
It was a record first half, with revenue up +14% to $19.5B across six businesses:
❄️ Life: $8.0B (+13%). Air conditioners, elevators and home appliances; demand for air conditioning rose with heat in Europe.
🏭 Industry & Mobility: $5.7B (+15%). Factory automation and car parts, lifted by AI and semiconductor capex.
⚡ Infrastructure: $4.2B (+17%). Power systems, data-center UPS, and defense & space.
🔌 Semiconductors & Devices: $0.9B (+16%). Power modules, the most profitable unit at a 20.6% margin.
💻 Digital Innovation: $0.3B (+26%). IT systems.
The flow:
→ Gross profit: $6.7B (+24%), with gross margin up from 31.7% to 34.4%
→ Operating profit: $2.2B (+69%), a margin of 11.0% vs 7.5%
→ Net income: $1.9B (+57%), EPS ¥145
Worth knowing: about ¥137B of the revenue growth came from the weaker yen, so growth excluding currency was closer to +9%. A change in depreciation method also added about $120M to operating profit.
📈 Full-year guidance was raised to ¥6.55T in revenue (about $41B), with a share buyback of up to ¥200B (about $1.25B).
🔄 The company is reshaping its portfolio: it will spin off its automotive equipment and low-voltage distribution businesses and fully acquire PCI Energy Solutions.
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