TOKYO -- As Mitsubishi Electric faces headwinds in China's factory automation and Europe's air conditioning market, investors are focusing on whether the company will succeed in raising product prices to move beyond a testing scandal that has tarnished its reputation.
Mitsubishi Electric will announce financial results for the quarter on Wednesday. Although the company is projecting a second consecutive year of record profits for the year ending March 2025, the QUICK Consensus market forecast sees a 13% drop in group net profit to 50 billion yen ($325 million) for the quarter.
