Mitsubishi Electric, which has been exposed to inspection fraud for many years, has announced a policy of investing a total of 30 billion yen in the future to strengthen the inspection system to prevent recurrence.
This was explained by Mitsubishi Electric President Kei Urushima at an online press conference for the interim financial results for this year.
According to this, in response to the fact that product inspection fraud has continued for many years at multiple factories, a total of 30 billion yen will be invested over the next fiscal year to strengthen the inspection system.
In line with the report compiled by an outside lawyer, the policy is to radically reform the organizational culture and allocate funds to create a concrete mechanism to prevent recurrence.
At the press conference, President Urushima said, "I would like to take it seriously that we receive harsh opinions from our business partners in the field of sales." I emphasized.
On the other hand, Mitsubishi Electric's interim results for the entire group this year showed a final profit of 104.8 billion yen, more than double the same period last year, due to increased demand for automation equipment for factories.
In addition, the depreciation of the yen and the appreciation of the dollar in the foreign exchange market will also be positive in terms of profits, and the outlook for final profit for this year has been revised upward to 220 billion yen, which is 13.9% higher than last year.