Japanese chip and electronics maker Mitsubishi Electric Corp said it made a 1.65 billion yen ($13.53 million) consolidated net profit in the first six months of the year but its earnings were cut by the IT slump.
Heavy electrical systems and consumer electronics showed solid results, but earnings worsened for mobile phones and semiconductors due to the rapid, massive slowdown in IT-related demand, the company said in a statement.
The company's net profit for the April-September period was barely two per cent of the year-earlier figure, while operating profit fell nearly 90 percent to 9.95 billion yen on sales of 1.77 trillion yen, down 6.7 per cent.
The figures were in line with targets announced in mid-September and the company also left unchanged its forecasts issued at that time for a full-year net profit of two billion yen and an operating profit of 10 billion yen.
But Mr Yukihiro Sato, Mitsubishi's corporate vice president, said the full-year forecasts do not reflect the impact of the US attacks in September.
"We have not figured out how the attacks will affect our earnings," he said. "We cannot deny the possibility that we might draw up restructuring plans," Mr Sato told a news conference this morning.