Mitsubishi Electric Corp

Earnings data Q4 2023

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Mitsubishi Electric Corp. engages in the manufacture, development, and sale of electric and electronic equipment. It operates in the following business segments: Energy and Electric Systems, Industrial Automation Systems, Information and Communication Systems, Electronic Devices, Home Appliances, and Others. The Energy and Electric Systems segment offers power and transportation systems, elevators, escalators, and supervisory control systems. The Industrial Automation Systems segment covers industrial automation products and systems, measurement and control systems, automotive and electronic products, and car multimedia systems. The Information and Communication Systems segment includes wireless, closed circuit television, space, and satellite communication systems, antennas, radar devices, and information communications network systems. The Electronic Devices segment provides power, high frequency, and optical devices; and liquid crystal displays. The Home Appliances segment covers air-conditioning and photovoltaic power generation systems, televisions, recorders, and players. The Others segment comprises of material procurement, logistics, real estate, advertising, and financial services. The company was founded on January 15, 1921 and is headquartered in Tokyo, Japan.

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) has been awarded a contract by J-Power Transmission Network Co., Ltd. to supply a 300MW Voltage Source Converter (VSC) High Voltage Direct Current (HVDC) Transmission for the Shin-Sakuma Frequency Converter Station in Hamamatsu, Shizuoka prefecture. The system is expected to be in service by the end of March 2028. In the wake of the 2011 Great East Japan Earthquake, the Organization for Cross-regional Coordination of Transmis.

Mitsubishi Electric Receives Order for Frequency Converter Station that Stabilizes Power Grid across Different Frequencies

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today its dividend forecast for the first half (ending September 30, 2023) of the current fiscal year ending March 31, 2024 (fiscal 2024). The full document on Mitsubishi Electric's dividend policy can be viewed at the following link: www.MitsubishiElectric.com/news The company plans to pay an interim dividend of 20 yen per share, as of the record date of September 30, 2023, with due consideration on performance and.

Mitsubishi Electric Announces Dividend Policy for the First Half of Fiscal 2024

Mitsubishi Electric Corporation suffered from an EBITDA miss in Q1 FY 2024, and the company's consensus full-year FY 2024 EBITDA forecast was cut in recent months. The company is allocating as much as JPY2.8 trillion to investments in high-growth areas in the next few years, and this should help to push up its future ROE. I award a Hold investment rating to Mitsubishi Electric, as I have a mixed view of the stock considering both its short-term outlook and medium-term prospects.

Mitsubishi Electric: A Mixed Picture

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will begin shipping samples of a new Gallium Nitride (GaN) power amplifier module for use in 5G massive MIMO (mMIMO) base stations on September 21. Power amplifier modules help reduce the power consumption of 5G mMIMO base stations. Providing high-speed, large-capacity communications, 5G mobile networks are becoming increasingly popular across the world, with their 5G mMIMO base stations installed pred.

Mitsubishi Electric to Ship Samples of GaN Power Amplifier Module for 5G Massive MIMO Base Stations

SUWANEE, Ga.--(BUSINESS WIRE)--METUS will introduce a new integration for its all-climate heat pumps with SPAN, maker of the leading smart electrical panel.

Mitsubishi Electric Trane HVAC US Collaborates with SPAN to Accelerate Home Electrification

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503), Okayama University and Osaka University's Graduate School of Engineering announced today that they have developed a magnetic particle imaging device capable of sensitive imaging of magnetic particles in an area equivalent in size to that of the human brain, in a project supported by the Japan Agency for Medical Research and Development (AMED). The device operates at low frequencies of 1 kHz or less, a world-first, allowing t.

Mitsubishi Electric, Okayama University, and Osaka University Develop Magnetic Particle Imaging Device Capable of Producing Images of Human Brain

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (Headquarters: Chiyoda-ku, Tokyo, President and CEO: Kei Uruma, “Mitsubishi Electric”) and EVERCOMM SINGAPORE PTE. LTD. (Headquarters: Singapore, CEO: Chen Chiu-Hao, “Evercomm”) jointly announced today that they have entered into a cooperative agreement to develop and market solutions that support carbon neutrality in the manufacturing sector. As part of the agreement, Mitsubishi Electric will take an equity stake in Evercomm to solidify t.

Mitsubishi Electric and Evercomm Enter into Cooperative Agreement

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that the company has completed installation of its first 12-inch silicon wafer processing line at its Power Device Work's Fukuyama Factory, which manufactures power semiconductors. In addition, through sample production and testing, it has been verified that the power semiconductor chips processed on this production line achieve the required performance levels. As previously announced, Mitsubishi Electric is pl.

Mitsubishi Electric Completes Installation of 12-inch Wafer Processing Line at its Fukuyama Factory Power Device Works

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TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today its consolidated financial results for the first quarter, ended June 30, 2023, of the current fiscal year ending March 31, 2024 (fiscal 2024). The full document on Mitsubishi Electric's financial results can be viewed at the following link: www.MitsubishiElectric.com/news Consolidated Financial Results Revenue:   1,220.3   billion yen   (14% increase year-on-year) Operating profit:   61.0   billion yen   (80%.

Mitsubishi Electric Announces Consolidated Financial Results for the First Quarter of Fiscal 2024

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has taken an equity position in Novel Crystal Technology, Inc., a Japanese company that develops and sells gallium-oxide wafers, a promising candidate for use in superior energy-saving power semiconductors that Mitsubishi Electric intends to develop at an accelerated pace in support of global decarbonization. Novel Crystal Technology, one of the world's first companies to develop, manufacture and sell.

Mitsubishi Electric Buys Stake in Novel Crystal Technology to Accelerate Development of Gallium-oxide Power Semiconductors

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in Hydroleap Pte. Ltd., a Singapore-based startup company that provides the wastewater treatment solutions, as the fifth investment. Southeast Asia, also known as the “factory of the world,” is facing a serious water pollution problems caused by industrial effluents. Effluent-related problems cover a wide range of business activities including plant operations, oil and.

Mitsubishi Electric, ME Innovation Fund Invests in Hydroleap Pte. Ltd.

SUWANEE, Ga.--(BUSINESS WIRE)--Mitsubishi Electric Trane HVAC US LLC announces a realignment in the company's leadership team.

Mitsubishi Electric Trane HVAC US Appoints New Chief Financial Officer, Realigns Leadership Team

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SUWANEE, Ga.--(BUSINESS WIRE)--Mitsubishi Electric Trane HVAC US introduces Hybrid VRF®, a two-pipe VRF zoning system designed to use water instead of refrigerant in indoor spaces.

Introducing Hybrid VRF® from Mitsubishi Electric Trane HVAC US

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will invest an additional 42.5 billion yen to construct a second production building for the manufacture of factory automation (FA) control-system products at Owariasahi City, Aichi Prefecture part of its Nagoya Works campus. The initial investment, announced on March 28, 2022, was for a single production building due to start operations in April 2025. This plan is now being expanded to add a second pr.

Mitsubishi Electric to Add Second Production Building in Owariasahi, Aichi

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has successfully demonstrated laser optical frequency control using a new light source module, a key component of an envisioned high-capacity laser optical communication network to be deployed in outer space. The module, which produces a 1.5-µm wavelength signal, was installed in the OPTIMAL-1 nanosatellite developed through an industry-academia collaboration and released from the International Space St.

Mitsubishi Electric Successfully Demonstrates Light Source Module for High-capacity Laser Optical Communication in Outer Space

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will begin shipping samples of its new NX-type full-SiC (silicon carbide) power semiconductor module for industrial equipment on June 14. The module, which reduces internal inductance and incorporates a second-generation SiC chip, is expected to contribute to the realization of more efficient, smaller and lighter-weight industrial equipment. Power semiconductors are increasingly being utilized to conve.

Mitsubishi Electric to Ship Samples of NX-type Full-SiC Power Semiconductor Modules for Industrial Equipment

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today it has developed what is believed to be the world's first gallium nitride (GaN) power amplifier that achieves a frequency range of 3,400MHz using a single power amplifier, which the company has demonstrated can be used for 4G, 5G and Beyond 5G/6G communication systems operating at different frequencies in a single base station. The amplifier is expected to enable the radio unit (transceiver) to be shared for d.

Mitsubishi Electric Achieves World's First Wideband Operation of 4G, 5G and Beyond 5G/6G Systems with Single GaN Power Amplifier

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has developed a new structure for a silicon carbide metal-oxide-semiconductor field-effect transistor (SiC-MOSFET) embedded with a Schottky barrier diode (SBD), which the company has applied in a 3.3 kV full SiC power module, the FMF800DC-66BEW for large industrial equipment such as railways and DC power systems. Samples began shipping on May 31. The chip's new structure is expected to help downsize ra.

Mitsubishi Electric Develops SBD-embedded SiC-MOSFET with New Structure for Power Modules

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) and Mitsubishi Heavy Industries, Ltd. (TOKYO: 7011) announced today that they have reached a definitive agreement to integrate their power-generator systems businesses under a joint venture. As previously announced, the two firms agreed in principle last December 26 on a plan to transfer their respective businesses focused on power-generator systems to a proposed joint-venture company, which Mitsubishi Electric and Mitsubishi.

Mitsubishi Electric and Mitsubishi Heavy Industries Definitively Agree to Integrate Their Power-generator Systems Businesses

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its Taipei-based affiliate Shihlin Electric & Engineering Corporation has received an order from Taiwan Power Company for Taiwan's first static synchronous compensator (STATCOM) for power grid stabilization. STATCOMs are devices that control and stabilize voltage in power systems by instantly providing reactive power. The STATCOM from Mitsubishi Electric will be delivered to the Nanke Substation in Ta.

Mitsubishi Electric Receives Order for Taiwan's First STATCOM for Power Stabilization

TOKYO--(BUSINESS WIRE)--Commsignia Ltd. and Mitsubishi Electric Corporation announced today that they have agreed to form a strategic partnership to deliver Vehicle-to-Everything (V2X) technology combining Commsignia's V2X solution and Mitsubishi Electric's High-Definition Locator (HDL) technology in a V2X platform that will support the safety of autonomous-driving and advanced-driver-assistance systems (ADAS). V2X is a key communication technology that is gaining growing acceptance in many cou.

Commsignia and Mitsubishi Electric Agree to Partnership for Delivery of Advanced V2X Solutions for Vehicles

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (Headquarters: Chiyoda-ku, Tokyo, President and CEO: Kei Uruma, "Mitsubishi Electric") and MOVENSYS Inc. (Headquarters: Seongnam, Gyeonggi-do, Korea, CEO: Pyongwon Pak/Japan Corporation: Tachikawa, Tokyo, "Movensys") jointly announced today that they have entered into a business partnership to strengthen collaboration in their respective AC servo and motion control businesses. As part of the agreement, Mitsubishi Electric is proceeding to.

Mitsubishi Electric and Movensys form Alliance to Expand AC Servo and Motion Control Businesses

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that the Board of Directors has fixed the year-end dividend, as of the record date of March 31, 2023, with due consideration of the company's performance and financial standing during the fiscal year ended March 31, 2023 (fiscal 2023). Year-end dividend     Fixed Status Previous Dividend Forecast (April 28, 2023) Previous Year's Dividend (Fiscal 2022) Record date March 31, 2023 March 31, 2023 March 31, 2022 Di.

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