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Mitsubishi Electric sales up 19%

JAPAN: Mitsubishi Electric’s air conditioning and home products segment reported sales of JPY1,361.1bn ($10bn) in the year to March 31, a 19% increase on the previous year.

Operating profit was up slightly at JPY70.8bn ($522m).

The increased revenue was attributed to the weaker yen and an increase in air conditioner sales in Europe, Japan and North America.

The business also reported an easing of the shortage of electronic components in and after the second quarter.

Latest News

12th May 2025

Refra signs distribution deal with Hussmann

LITHUANIA/AUSTRALIA: Lithuanian refrigeration equipment manufacturer Refra has signed a partnership with Hussmann, giving the company exclusive rights to distribute Refra’s products in Australia and New Zealand.
12th May 2025

Friga-Bohn unveils Nova cubic cooler

FRANCE: Friga-Bohn is unveiling the Nova cubic evaporator for commercial and semi-industrial refrigeration applications, as well as low-temperature preservation.
12th May 2025

Heat pumps part of £11m university decarb project

UK: The installation of heat pumps to replace gas-fired equipment is part of an £11m decarbonisation project announced for the University of Wolverhampton.
11th May 2025

Northern Branch to hold breakfast briefing

UK: The Northern Branch of the Institute of Refrigeration has announced that its first Technical Breakfast briefing will be held next month at South Shields FC.
10th May 2025

Regional show debuts at Villa Park

UK: A one-day regional refrigeration, air conditioning and heat pump exhibition opens its doors this week at Birmingham's Villa Park, home of Aston Villa FC.
10th May 2025

Swedish valve company ESBE opens UK office

UK: Swedish valves and actuator manufacturer ESBE AB has opened a UK office in Rossendale, Lancashire.