Mitsubishi Electric’s net income down 8% y/y to USD1.9 billion in FY 2016/17

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Financial results

Expects net income of JPY215 billion in FY 2017/18

Mitsubishi Electric has reported an 8% year-on-year (y/y) decline in net income to JPY210.4 billion (USD1.9 billion as on 31 March 2017) for the fiscal year ended 31 March 2017, as per a company press release.

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