MITSUBISHI ELECTRIC CORPORATIONPUBLIC RELATIONS DIVISION
7-3, Marunouchi 2-chome, Chiyoda-ku, Tokyo, 100-8310 JapanFOR IMMEDIATE RELEASE

No. 2949

Investor Relations Inquiries

Media Inquiries

Investor Relations Group, Corporate Finance Division
Mitsubishi Electric Corporation
Cad.Irg@rk.MitsubishiElectric.co.jp

Public Relations Division
Mitsubishi Electric Corporation
prd.gnews@nk.MitsubishiElectric.co.jp
http://www.MitsubishiElectric.com/news/

Mitsubishi Electric Announces Consolidated Financial Results
for the First Quarter of Fiscal 2016TOKYO, July 30, 2015 – Mitsubishi Electric Corporation (TOKYO: 6503) announced today its
consolidated financial results for the first quarter ending June 30, 2015, of the current fiscal year ending
March 31, 2016 (fiscal 2016).
Consolidated Financial Results
Net sales:
Operating income:
Income before income taxes:
Net income attributable to
Mitsubishi Electric Corp.:

988.4 billion yen
54.6 billion yen
67.1 billion yen(9% increase from the same quarter last year)(8% decrease from the same quarter last year)(1% decrease from the same quarter last year)

46.3 billion yen(8% increase from the same quarter last year)

The business environment in the first quarter (from April through June 2015) of the fiscal year 2016
experienced a continued trend of buoyancy in the U.S. and gradual economic recovery in Europe, in addition
to the Japanese market gradually recovering in capital expenditures with from the impact of the rise in
consumption taxes receding. Meanwhile, China and other East Asian markets experienced a continued
slowdown, while some emerging markets saw higher levels of economic stagnation. In addition, theweakening of the yen advanced against the U.S. dollar.
Under these circumstances, consolidated net sales in the first quarter increased by 9% compared to the same
period of the previous fiscal year to 988.4 billion yen, owing to such factors as increased sales in the Energy
and Electric Systems, Industrial Automation Systems, Information and Communication Systems, Electronic
Devices and Home Appliances segments. Consolidated operating income decreased by 8% compared to thesame period of the previous fiscal year to 54.6 billion yen, due to lower profits in the Energy and Electric
Systems and Home Appliances segments.

Consolidated Financial Results by Business Segment
Energy and Electric Systems
Total sales:236.6 billion yen(6% increase from the same quarter last year)
Operating income (loss):(6.6 billion yen) (14.4 billion yen decline from the same quarter last year)

1/14

The social infrastructure systems business saw an increase in orders compared to the same period of theprevious fiscal year due primarily to an increase in the rolling-stock equipment business in Japan and thepower systems businesses in and outside Japan. Sales, meanwhile, remained unchanged compared to thesame period of the previous fiscal year.
The building systems business experienced a decrease in orders compared to the same period of
the previous fiscal year, owing to a decrease in new installations of elevators and escalators in Japan. Sales
saw an increase compared to the same period of the previous fiscal year due to increases in new installationsof elevators and escalators outside Japan. The weaker yen also had a positive influence.
As a result, total sales for this segment increased by 6% from the same period of the previous
fiscal year. Operating income declined by 14.4 billion yen from the same period of the previous fiscal year
due primarily to a shift in project portfolio and lower profit in the power systems business.
Industrial Automation Systems
Total sales:
328.3 billion yen
Operating income:42.8 billion yen(11% increase from the same quarter last year)(7.7 billion yen increase from the same quarter last year)

The factory automation systems business saw increases in both orders and sales from the same period of theprevious fiscal year due to growth in capital expenditures relating to the automotive industry and facility
replacements by manufacturers in Japan, and additionally due to the weaker yen.
The automotive equipment business saw increases in both orders and sales from the same period of
the previous fiscal year due primarily to growth in the car sales market in North America and Europe, as wellas the positive influence of the weaker yen.
As a result, total sales for this segment increased by 11% from the same period of the previous
fiscal year. Operating income increased by 7.7 billion yen from the same period of the previous fiscal year
due primarily to an increase in sales.
Information and Communication Systems
Total sales:
95.4 billion yen
Operating income (loss):(1.7 billion yen)

(3% increase from the same quarter last year)(unchanged from the same quarter last year)

Orders in the telecommunications systems business remained unchanged compared to the same period of theprevious fiscal year. Sales saw a decrease from the same period of the previous fiscal year due primarily to adecrease in communications infrastructure equipment.
The information systems and service business saw an increase in sales compared to the same
period of the previous fiscal year, owing to growth in the system integrations business.
The electronic systems business saw increases both in orders and sales compared to the same
period of the previous fiscal year largely due to an increase in orders for large-scale projects in the spacesystems business.
As a result, total sales for this segment increased by 3% compared to the same period of theprevious fiscal year. Operating income remained unchanged compared to the same period of the previous
fiscal year due primarily to a shift in project portfolio.
Electronic Devices
Total sales:
Operating income:66.1 billion yen
12.3 billion yen(29% increase from the same quarter last year)(8.4 billion yen increase from the same quarter last year)

The electronic devices business saw a decrease in orders from the same period of the previous fiscal year due
to a decrease in demand mainly for power modules used in railcar and industrial applications. Sales
experienced an increase compared to the same period of the previous fiscal year due to an increase primarily
for power modules used in automotive applications and for optical communication devices, and additionally
due to the weaker yen.
As a result, total sales for this segment increased by 29% compared to the same period of theprevious fiscal year. Operating income increased by 8.4 billion yen compared to the same period of theprevious fiscal year due primarily to an increase in sales.

2/14Home Appliances
Total sales:
Operating income:

254.0 billion yen
16.2 billion yen(8% increase from the same quarter last year)(5.0 billion yen decrease from the same quarter last year)

The home appliances business saw an increase in sales of 8% from the same period of the previous fiscal
year due to an increase in sales of air conditioners for homes in Japan, as well as the weaker yen.
Operating income decreased by 5.0 billion yen compared to the same period of the previous fiscal
year largely due to a decline in prices.
OthersTotal sales:
Operating income:

163.1 billion yen
0.9 billion yen(3% decrease from the same quarter last year)(0.8 billion yen decrease from the same quarter last year)

Sales decreased by 3% compared to the same period of the previous fiscal year mainly due to a decrease insales of affiliated companies involved in materials procurement.
Operating income decreased by 0.8 billion yen compared to the same period of the previous fiscal
year due primarily to a decrease in sales.

Financial Standing
An Analysis on the Status of Assets, Liabilities, Equity and Cash Flow on a Consolidated Basis
The Company’s total assets as of the end of this fiscal quarter decreased from the end of the previous fiscal
year by 102.0 billion yen to 3,957.3 billion yen. The change in the balance of total assets is mainly
attributable to increases in the balances of cash and cash equivalents by 18.9 billion yen, and of inventories
by 59.6 billion yen as a result of work-in-process as recorded in commensurate with progress in job orders
under pertinent contracts, while trade receivables decreased by 194.0 billion yen primarily as a result ofcredit collection.
Total liabilities decreased from the end of the previous fiscal year by 135.0 billion yen to 1,994.2 billion yen.
The outstanding balances of debts and corporate bonds decreased by 5.5 billion yen from the end of theprevious fiscal year to 376.4 billion yen, resulting in a rise in the ratio of interest bearing debt to total assets
to 9.5%, representing a 0.1 point increase compared to the end of the previous fiscal year. The outstandingbalance of trade payables decreased by 87.9 billion yen, and retirement and severance benefits decreased by
19.2 billion yen mainly resulting from an increase in pension assets following a rise in stock prices.
Mitsubishi Electric Corporation shareholders’ equity increased by 30.3 billion yen compared to the end of
the previous fiscal year to 1,872.5 billion yen. Shareholders’ equity ratio was recorded at 47.3%,
representing a 1.9 point increase compared to the end of the previous fiscal year. The changes referred toabove primarily resulted from recording a net income attributable to Mitsubishi Electric Corporation of 46.3
billion yen, along with an increase in accumulated other comprehensive income by 22.7 billion yen backed
up by such factors as the rising stock prices and weaker yen, despite dividend payment of 38.6 billion yen.
Cash flows from operating activities for this quarter decreased by 28.6 billion yen compared to the same
period of the previous fiscal year to 99.9 billion yen (cash in). Cash flows from investing activities increasedby 1.0 billion yen compared to the same period of the previous fiscal year to 39.9 billion yen (cash out) due
to increases in purchases of tangible fixed assets and other factors. As a result, free cash flow was 59.9
billion yen (cash in). Cash flows from financing activities were 43.6 billion yen (cash out) mainly due todividend payment.

3/14

Forecast for Fiscal 2016
The current consolidated earnings forecast for the first half of fiscal 2016, ending September 30, 2015, andfor fiscal 2016, ending March 31, 2016, is unchanged from the announcement on April 28, 2015 as statedbelow.
First Half of Fiscal 2016 Consolidated Earnings Forecast
Net sales
2,060.0 billion yen
Operating income
140.0 billion yen
Income before income taxes
148.0 billion yen
Net income attributable to104.0 billion yen
Mitsubishi Electric Corp.
Fiscal 2016 Consolidated Earnings Forecast
Net sales
4,370.0
Operating income
320.0
Income before income taxes
320.0
Net income attributable to220.0
Mitsubishi Electric Corp.

(4% increase from the same period last year)(15% increase from the same period last year)(1% increase from the same period last year)(6% increase from the same period last year)

billion yen (1% increase from the previous fiscal year)
billion yen (1% increase from the previous fiscal year)
billion yen (1% decrease from the previous fiscal year)
billion yen (6% decrease from the previous fiscal year)

Note: The results forecast above is based on assumptions deemed reasonable by the Company at the present
time, and actual results may differ significantly from forecasts. Please refer to the cautionary
statement at the end.

4/14

Consolidated Financial Results Summary(In billions of yen except where noted)
FY ’15 Q1 (A)(Apr. 1, 2014 –Jun. 30, 2014)

FY ’16 Q1 (B)(Apr. 1, 2015 –Jun. 30, 2015)

B–A

B/A (%)Net sales

910.6

988.4

77.7

109

Operating income

59.3

54.6

(4.6)

92

Income before income taxes

67.8

67.1

(0.6)

99

43.0

46.3

3.2

108

20.04 yen

21. 57yen

1.53 yen108

Net income attributable to
Mitsubishi Electric Corp.
Basic net income per share
attributable to Mitsubishi
Electric Corp.
Notes:

1) Consolidated financial charts made in accordance with U.S. GAAP.
2) The Company has 176 consolidated subsidiaries.

5/14

Consolidated Profit and Loss Statement(In millions of yen)

Net sales
Cost of sales
Selling, general andadministrative expenses
Operating income
Other income
Interest and Dividends
Equity in earnings ofaffiliated companies
Other
Other expenses
Interest
Other
Income before income taxes
Income taxes
Net income
Net income attributable tothe noncontrolling interests
Net income attributable to
Mitsubishi Electric Corp.

FY ’15 Q1(Apr. 1, 2014 –Jun. 30, 2014)
% of
(A)
total
910,648100.0
627,64468.9

FY ’16 Q1(Apr. 1, 2015 –Jun. 30, 2015)
% of
(B)
total
988,440100.0
691,04869.9

223,68524.6

242,760

59,31918,389
2,902

6.5
2.1
0.4

3,595

77,792
63,404

B/A
(%)
109
110

24.6

19,075

109

54,632
17,215
3,034

5.5
1.8
0.3

(4,687)(1,174)
132

92
94
105

0.4

5,049

0.5

1,454

140

11,892
9,849
953
8,896
67,85922,25545,604

1.3
1.1
0.1
1.0
7.5
2.5
5.0

9,132
4,670
926
3,744
67,177
17,49849,679

1.0
0.5
0.1
0.4
6.8
1.8
5.0

(2,760)(5,179)(27)(5,152)(682)(4,757)
4,075

77
47
97
42
99
79
109

2,583

0.3

3,362

0.3

779

130

43,021

4.7

46,317

4.7

3,296

108

B–A

Consolidated Comprehensive Income Statement(In millions of yen)

Net income
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments
Pension liability adjustments
Unrealized gains on securities
Unrealized gains (losses) on derivative instruments
Total
Comprehensive income
Comprehensive income attributable tothe noncontrolling interests
Comprehensive income attributable to
Mitsubishi Electric Corp.

6/14

FY ’15 Q1 (A)(Apr. 1, 2014 –Jun. 30, 2014)
45,604

FY ’16 Q1 (B)(Apr. 1, 2015 –Jun. 30, 2015)
49,679(12,136)
1,238
6,138
(48)
(4,808)40,796

5,531
10,872
6,807
37
23,24772,926

17,6679,634
669
85
28,05532,130

1,759

3,904

2,145

39,03769,022

29,985

B–A
4,075

Consolidated Balance Sheet(In millions of yen)

(Assets)
Current assets
Cash and cash equivalents
Trade receivables
Inventories
Prepaid expenses and other current assets
Long-term trade receivables
Investments
Net property, plant and equipment
Other assets
Total assets(Liabilities)
Current liabilities
Bank loans and current portion of long-term debt
Trade payables
Other current liabilities
Long-term debt
Retirement and severance benefits
Other fixed liabilities
Total liabilities(Equity)
Mitsubishi Electric Corp. shareholders’ equity
Common stock
Capital surplus
Retained earnings
Accumulated other comprehensive income (loss)
Treasury stock at cost
Noncontrolling interests
Total equity
Total liabilities and equity
Balance of Debt
Accumulated other comprehensive income (loss):
Foreign currency translation adjustments
Pension liability adjustments
Unrealized gains on securities
Unrealized gains (losses) on derivative
instruments

7/14

FY ’15 (A)(ending Mar.
31, 2015)

FY ’16 Q1 (B)(ending Jun.
30, 2015)

2,633,445
568,517
1,048,542
705,420
310,966
5,633
595,828
706,475
118,070
4,059,451

2,533,181
587,488854,521765,118
326,0545,579
596,933
711,764
109,903
3,957,360(100,264)
18,971(194,021)
59,69815,088
(54)
1,105
5,289
(8,167)(102,091)

1,612,582
164,402807,289
640,891
217,592
182,282
116,828
2,129,284

1,495,964
159,438
719,291
617,235
217,027
163,002118,255
1,994,248(116,618)(4,964)(87,998)(23,656)(565)(19,280)
1,427(135,036)

1,842,203
175,820
211,155
1,331,496
124,064(332)
87,964
1,930,167
4,059,451

1,872,567
175,820
211,155
1,339,171
146,769(348)
90,545
1,963,112
3,957,360

30,364––
7,675
22,705(16)
2,581
32,945(102,091)

381,994

376,465(5,529)102,959(98,108)
119,252(39)

108,124(87,236)
125,891(10)

5,165
10,872
6,639
29

B–A

Consolidated Cash Flow Statement(In millions of yen)

I
1
2

II
1
2
3
4
5
I + II
III
1
2
3
4
5
6

IV
V
VI
VII

Cash flows from operating activities
Net income
Adjustments to reconcile net income to net cash
provided by operating activities(1) Depreciation of tangible fixed assets and other(2) Decrease in trade receivables(3) Decrease (increase) in inventories(4) Increase (decrease) in trade payables(5) Other, net
Net cash provided by operating activities
Cash flows from investing activities
Capital expenditure
Proceeds from sale of property, plant and equipment
Purchase of short-term investments and investment
securities (net of cash acquired)Proceeds from sale of short-term investments andinvestment securities
Other, net
Net cash used in investing activities
Free cash flow
Cash flows from financing activities
Proceeds from long-term debt
Repayment of long-term debt
Increase (decrease) in bank loans, net
Dividends paid
Purchase of treasury stock
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash and cash
equivalents
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

8/14

FY ’15 Q1(Apr. 1, 2014 –Jun. 30, 2014)(A)

FY ’16 Q1(Apr. 1, 2015 –Jun. 30, 2015)(B)

45,604

49,6794,075

27,294
174,458(87,571)(41,085)
9,910
128,61031,754200,224(53,769)(84,802)(43,167)
99,9194,460
25,76633,802(43,717)(53,077)(28,691)(36,177)
217(39,169)707(2,992)490(67)(1,006)

(939)

2,313

1,281

(1,032)(5,189)(38,903)89,707(1,779)(39,966)
59,953

3,410(1,063)(29,754)

40,244(33,476)
8,407(23,615)(6)
124(8,322)–(2,818)(1,421)(38,642)(16)(779)(43,676)(40,244)
30,658(9,828)(15,027)(10)(903)(35,354)(2,408)

2,694

5,102

78,977418,049
497,026

18,971
568,517
587,488(60,006)
150,468
90,462

B–A

Consolidated Segment Information
1. Sales and Operating Income by Business Segment(In millions of yen)
FY ’15 Q1(Apr. 1, 2014 –Jun. 30, 2014)
Business Segment

FY ’16 Q1(Apr. 1, 2015 –Jun. 30, 2015)
C–A

D–B

C/A
(%)

Sales (A)Operatingincome(loss) (B)

Sales (C)Operatingincome(loss) (D)Energy and Electric Systems
Industrial Automation
Systems
Information andCommunication Systems
Electronic Devices

223,233

7,830

236,681(6,666)

13,448(14,496)106

295,327

35,159328,350

42,86733,023

7,708

111

92,540(1,764)

95,409(1,755)

2,869

9

103

51,235

3,859

66,117

12,332

14,8828,473

129Home Appliances
Others234,717

21,250168,058

1,719

254,092
163,190

16,244903

19,375(4,868)(5,006)
(816)

108
97

Subtotal
Eliminations and otherTotal

1,065,110

68,053(154,462)(8,734)

1,143,839(155,399)

63,925(9,293)78,729(937)(4,128)
(559)

107
–

910,648

59,319988,440

54,632

77,792(4,687)

109*Notes: Inter-segment sales are included in the above chart.

2. Sales and Operating Income by Location(In millions of yen)

Location

FY ’15 Q1(Apr. 1, 2014 –Jun. 30, 2014)
OperatingSales (A)income (B)Japan
North America

732,248

39,14390,8502,252Asia (excluding Japan)
Europe244,426

22,424

99,319

3,582

9,894

238

1,176,737

67,639(266,089)(8,320)910,648

59,319OthersSubtotal
Eliminations
Total*Notes: Inter-segment sales are included in the above chart.

9/14

FY ’16 Q1(Apr. 1, 2015 –Jun. 30, 2015)
OperatingSales (C)income (D)

C–A

D–B

C/A
(%)

758,371
112,155

26,815
1,076

26,123
21,305(12,328)(1,176)104
123

289,551
104,298

29,0184,202

45,125
4,979

6,594
620

118
105

12,276
1,276,651

207
61,3182,382
99,914(31)(6,321)124
108(288,211)
988,440(6,686)54,632(22,122)
77,792

1,634(4,687)–109

3. Sales by Location of Customers(In millions of yen)

Location of Customers

FY ’15 Q1(Apr. 1, 2014 –Jun. 30, 2014)

B–A

B/A
(%)

484,129% of total
net sales
53.2

91,06410.0

112,816

11.4

21,752

124

222,82124.4

256,604

26.0

33,783115

93,786

10.3

18,8482.1

97,86821,647

9.9
2.2

4,082
2,799

104
115

426,51946.8

910,648100.0

488,935
988,440

49.5
100.0

62,416
77,792

115
109

Sales (A)Japan
North AmericaAsia(excluding Japan)
EuropeOthersTotal overseas sales
Consolidated total

FY ’16 Q1(Apr. 1, 2015 –Jun. 30, 2015)

499,505% of total
net sales
50.5

15,376

103

Sales (B)

Cautionary Statement
The Mitsubishi Electric Group (hereafter “the Group”) is involved in development, manufacture and sales ina wide range of fields including Energy and Electric Systems, Industrial Automation Systems, Information
and Communication Systems, Electronic Devices and Home Appliances, and these operations extend
globally, not only inside Japan, but also in North America, Europe, Asia and other regions. While thestatements herein are based on certain assumptions and premises that the Company trusts and considers to bereasonable under the circumstances on the date of announcement, actual operating results are subject to change
due to any of the factors as contemplated hereunder and/or any additional factor unforeseeable as of the date ofthis announcement. Such factors materially affecting the expectations expressed herein shall include but are
not limited to the following:(1) Important trends
The Group’s operations may be affected by trends in the global economy, social conditions, laws, tax
codes and regulations.
(2) Foreign currency exchange rates
Fluctuations in foreign currency markets may affect the Group’s sales of exported products and purchasesof imported materials that are denominated in U.S. dollars or euros, as well as its Asian production bases’
sales of exported products and purchases of imported materials that are denominated in foreign currencies.
(3) Stock markets
A fall in stock market prices may cause Mitsubishi Electric to record devaluation losses on marketablesecurities, or cause an increase in retirement benefit obligations in accordance with a decline in the fairvalue of pension assets.
(4) Supply/demand balance for products and procurement conditions for materials and components
A decline in prices and shipments due to changes in the supply/demand balance, as well as an increase inmaterial prices due to a worsening of material and component procurement conditions, may adversely
affect the Group’s performance.
(5) Fund raising
An increase in interest rates, the yen interest rate in particular, would increase the Group’s interest
expenses.
(6) Significant patent matters
Important patent filings, licensing, copyrights and patent-related disputes may adversely affect related
businesses.

10/14

(7) Environmental legislation or relevant issues
The Group may incur losses or expenses owing to changes in environmental legislation or the occurrenceof environmental issues. Such changes in legislation or the occurrence of environmental issues may also
impact manufacturing and all corporate activities of the Group.
(8) Flaws or defects in products or services
The Group may incur losses or expenses resulting out of flaws or defects in products or services, and thelowered reputation of the quality of all our products and services may affect the entire Group.
(9) Litigation and other legal proceedings
The Group’s operations may be affected by lawsuits or other legal proceedings against Mitsubishi Electric,
its subsidiaries and/or equity-method affiliated companies.
(10) Disruptive changes
Disruptive changes in technology, development of products using new technology, timing of production
and market introduction may adversely affect the Group’s performance.
(11) Business restructuring
The Group may record losses due to restructuring measures.
(12) Information security
The performance of the Group may be affected by computer virus infections, unauthorized access andother unpredictable incidents that lead to the loss or leakage of personal information held by the Groupor confidential information regarding the Group’s business such as its technology, sales and otheroperations.
(13) Natural disasters
The Group’s operations, particularly manufacturing activities, may be affected by the occurrence ofearthquakes, typhoons, tsunami, fires and other large-scale disasters.
(14) Other significant factors
The Group’s operations may be affected by the outbreak of social or political upheaval due to terrorism,
war, pandemic by new strains of influenza and other diseases, or other factors.

###
About Mitsubishi Electric Corporation
With over 90 years of experience in providing reliable, high-quality products, Mitsubishi Electric
Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales ofelectrical and electronic equipment used in information processing and communications, space development
and satellite communications, consumer electronics, industrial technology, energy, transportation andbuilding equipment. Embracing the spirit of its corporate statement, Changes for the Better, and its
environmental statement, Eco Changes, Mitsubishi Electric endeavors to be a global, leading green company,
enriching society with technology. The company recorded consolidated group sales of 4,323.0 billion yen(US$ 36.0 billion*) in the fiscal year ended March 31, 2015. For more information visit:
http://www.MitsubishiElectric.com*At an exchange rate of 120 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on
March 31, 201511/14

【Supplementary Materials】
July 30, 2015
Mitsubishi Electric Corporation

Fiscal 2016 First Quarter Results

1. Financial Results (Consolidated)
2. Net Sales by Segment (Consolidated)
3. Operating Income by Segment (Consolidated)
4. Overseas Net Sales by Segment (Consolidated)
5. Foreign Exchange Rates for Recording Net Sales andImpact of Exchange Rate Fluctuations on Net Sales

12/14

FY ’15: Apr. 1, 2014 – Mar. 31, 2015
FY ’16: Apr. 1, 2015 – Mar. 31, 2016
1. Financial Results (Consolidated)(Billions of yen, year-on-year % change)

FY '15
Q1(Actual)FY '16
1st Half(Actual)Q1(Actual)

1st Half(Forecast)

Net sales

910.6

(+9)

1,972.8

(+9)

988.4

(+9)

2,060.0(+4)

Operating income

59.3

(+73)

121.3

(+52)

54.6

(-8)

140.0

(+15)

Income before income taxes

67.8

(+59)

145.9

(+75)

67.1

(-1)

148.0

(+1)

Net income attributable to
Mitsubishi Electric Corp.

43.0

(+69)

97.8

(+102)

46.3

(+8)

104.0

(+6)

Figures in parentheses in the right column indicate change from the previous corresponding period.

2. Net Sales by Segment (Consolidated)(Billions of yen, year-on-year % change)

FY '15
Q1(Actual)FY '16
1st Half(Actual)Q1(Actual)Energy and Electric Systems

223.2

(+3)

502.1

(+5)

236.6

Industrial Automation Systems

295.3

(+23)

609.3

(+20)

328.3

Information and Communication Systems

92.5

(-11)

248.5

(+2)

Electronic Devices

51.2

(+21)

106.5

(+18)

Home Appliances

234.7

(+7)

477.1

Others

168.0

(+19)

351.2

Subtotal

1,065.1(+11)

2,294.8(+10)

1,143.8

Eliminations-154.4

Total

910.6

(+9)

1,972.8

1st Half(Forecast)
(+6)

530.0

(+6)

(+11)

650.0

(+7)

95.4

(+3)

230.0

(-7)

66.1

(+29)

130.0

(+22)

(+4)

254.0

(+3)

163.1

(+8)
(-3)
(+7)

490.0

(+14)

350.0

(-0)

2,380.0

(+4)

(+9)

2,060.0-322.0-155.3(+9)

988.4-320.0(+4)

3. Operating Income by Segment (Consolidated)(Billions of yen, year-on-year % change)

FY '15
Q1(Actual)FY '16
1st Half(Actual)Q1(Actual)

1st Half(Forecast)

Energy and Electric Systems

7.8

(-47)

12.5

(-32)

-6.6

(-)

10.0

(-20)

Industrial Automation Systems

35.1(+133)

66.2

(+70)

42.8

81.0

(+22)

Information and Communication Systems

-1.7

(-)

5.3

(+70)

-1.7

(+22)
(-)

3.0

(-44)

Electronic Devices

3.8(+228)

7.7

(+72)

12.3

(+220)

18.0(+132)

Home Appliances

21.2

(+74)

35.2

(+52)

16.2

(-3)

1.7

(+111)

8.2

(+60)

0.9

Subtotal

68.0

(+58)

135.3

(+45)

63.9

(-24)
(-47)
(-6)

34.0

OthersEliminations and other

-8.7

Total

59.3

-13.9
(+73)

121.3

-9.2
(+52)

54.6

(-8)

(Billions of yen, year-on-year % change)

Q1(Actual)FY '16
1st Half(Actual)Q1(Actual)Energy and Electric Systems

95.0

(+8)

199.3

(+12)

107.0

Industrial Automation Systems

169.5

(+26)

342.7

(+26)

201.1

(+19)

Information and Communication Systems

1.7

(-47)

6.2

(-16)

4.0

(+134)

Electronic Devices

24.7

(+12)

50.3

(+9)

27.1

(+10)

Home Appliances

130.3

(+20)

243.8

(+12)

145.9

5.1

(+41)

9.7

(+28)

3.6

426.5

(+19)

852.2

(+17)

488.9

(+12)
(-28)
(+15)

OthersConsolidated total
Ratio of overseas net sales tototal sales

46.8%

43.2%

13/14

(-3)

154.0

(+14)

-14.0

4. Overseas Net Sales by Segment (Consolidated)
FY '15

8.0

(+13)

49.5%

140.0

(+15)

5. Foreign Exchange Rates for Recording Net Sales and Impact of Exchange Rate Fluctuations on Net Sales
FY '15

Exchange rates for recording
net sales

Impact of exchange rate
fluctuations on net sales(Consolidated)

FY '16

Q1(Actual)

1st Half(Actual)Q1(Actual)

US$

¥102

¥103

¥121

Euro

¥140

¥139

¥133

Total

About ￥21.0 billion
increase in sales

About ￥40.0 billion
increase in sales

About ￥54.0 billion
increase in sales

US$

About ￥5.0 billion
increase

About ￥10.0 billion
increase

About ￥26.0 billion
increase

Euro

About ￥5.0 billion
increase

About ￥9.0 billion
increase

About ￥3.0 billion
decrease

14/14