Mitsubishi Electric Corp. on Friday revised downward its earnings projections for the first half of fiscal 2001, blaming the plunge in global demand for semiconductors and mobile phones.

Mitsubishi will post consolidated pretax losses of 20 billion yen during the April-September period, compared with an earlier projection of 20 billion yen in consolidated pretax profits.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.