Mitsubishi Electric Corp. suffered a material decline in its profitability due to the economic slowdown caused by the financial crisis in the fall of 2008. However, the company achieved a substantial increase in operating profits in fiscal 2009 (ended March 31, 2010), despite a decrease in revenues, as a result of the global economy recovering and the company's aggressive cuts to fixed expenses. The company attained stable profits in its social infrastructure-related businesses, such as power generation facilities and railways, which are part of the company's Energy and Electric Systems segment. In fiscal 2010 (ending March 31, 2011), the company's business performance is likely to improve further, given that a recovery is expected at the Home Appliances segment, which has
