Mitsubishi Electric Corp announced its fourth quarter and full year consolidated financial results for fiscal 2018 ended on March 31, 2018. Net sales for Q4 2018 were ¥1,316 billion ($12.01 billion), an increase of 1.9%, compared to ¥1,291 billion ($11.78 billion) in Q4 2017. Net income for Q4 2018 was ¥78.7 billion ($720 million), an increase of 4.7%, compared to ¥75.1 billion ($690 million) in Q4 2017.
Net sales for fiscal 2018 were ¥4,431 billion ($40.43 billion), an increase of 5%, compared to ¥4,238 billion ($38.67 billion) in fiscal 2107. Net income for fiscal 2018 was ¥271.8 billion ($2.48 billion), an increase of 29%, compared to ¥210.4 billion ($1.92 billion) in fiscal 2017.
Looking forward to the forecast for fiscal 2019, Mitsubishi forecasts the net sales of ¥4,500 billion ($41.05 billion), an increase of 1% and net income of ¥245.0 billion ($2.24 billion), a decrease of 5%, compared from fiscal 2018.
