Mitsubishi Electric Corp. said Friday its group net profit in fiscal 2009 jumped 2.3-fold to ¥28.28 billion on cost-cutting efforts.
For the business year ended in March, the company posted a group operating profit of ¥94.30 billion, down 32.5 percent from the previous year, on sales of ¥3.35 trillion, down 8.5 percent, due to the stronger yen and the sluggish economic recovery.