1、0102Presidents MessageThe Mitsubishi Electric Group will work to address diversified social challenges together with customers and business partners by transforming into a Circular Digital-Engineering company that provides advanced Integrated Solutions through co-creation and through integrating kno
2、wledge within and outside the Group,while positioning the realization of sustainability as the cornerstone of our corporate management.We will strive to solve social challenges through our businessesIn fiscal 2022(April 1,2021March 31,2022),the U.S.,Europe,and Japan con-tinued to see recovery in the
3、 corporate sector in general.The household sector continued to pick up in the U.S.,Europe,and other regions.In Japan,the sector showed signs of a pick-up due to the normalization of economic activity,though there was downward pressure due to the impact of COVID-19.In China,exports and production con
4、tinued to recover,but the pace of recovery remained slow,especially in the household sector.In addition,material prices and logistics costs increased and the balance between supply and demand for parts and materials remained strained for a prolonged period.Under these circumstances,the Mitsubishi El
5、ectric Group has been working even harder to improve profitability by enhancing our business portfolio strategy to achieve sustainable growth,while continuously implementing initiatives to bolster our competitiveness and business structure.As a result,revenue increased by 7%year on year to 4,476.7 b
6、illion yen and operating profit rose by 9%year on year to 252 billion yen(operating profit mar-gin of 5.6%)in fiscal 2022.Going forward,we will work to further create value for achieving the financial tar-gets for fiscal 2026 under the medium-term management plan launched last fis-cal year:consolida