Mitsubishi Electric Corp
6503: XTKS (JPN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|%<d | LOCK|Q#@z@ | LOCK|H&<Dl<$ |
Mitsubishi Electric Earnings: Record Quarterly Sales, Infrastructure Powers Profit Upturn
Mitsubishi Electric reported record June-quarter sales of JPY 1.3 trillion and operating profit of JPY 112 billion, primarily driven by its infrastructure business. Segment sales rose 22.3% year on year to JPY 265 billion, with margin up 5.1 percentage points to 6.8%. Shares jumped 6% on Aug. 1.
