Mitsubishi Electric increased first-half operating profit by 60% year on year. Growth in the data center business and defense-related operations supported the increase in profit.
According to Mitsubishi Electric's first-half results, operating profit increased 60% year on year, with demand from data centers and defense-related operations accounting for the core of the sales mix and driving growth. This resulted in a marked improvement in profit levels, drawing attention to the data center and defense sectors as growth drivers for the company. New project trends and a recovery in capital investment are cited as contributing to the expansion of the data center sector.
In the defense sector, orders for defense equipment and related systems in Japan and overseas are thought to have improved. Together with the increase in capital investment driven by the expansion of the data center market, this is said to have supported the improvement in first-half results.