Mitsubishi Electric Corp

Earnings data Q3 2021

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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) announced today the coming launch of its T-series 2.0kV Insulated Gate Bipolar Transistor (IGBT) Module for Industrial Use, the world's first IGBT1 with 2.0kV withstand voltage, on June 30. The module is ideally suited to increase the efficiency and reduce the size of renewable-energy power converters, which are in high demand due to the growing use of renewable-energy power supplies. The module will be exhibited at the Applie

Mitsubishi Electric to Launch T-series 2.0kV IGBT Module for Industrial Use

MUNICH & TOKYO--(BUSINESS WIRE)--On June 5 (World Environment Day*), Siemens Energy and Mitsubishi Electric signed a Memorandum of Understanding (MoU) to conduct a feasibility study on the joint development of high-voltage switching solutions with zero global-warming potential (GWP) that substitute greenhouse gases with clean air for insulation. Both companies will research methods for scaling up the application of clean-air insulation technology to higher voltages. They'll start with a 245-kV

Siemens Energy and Mitsubishi Electric Sign MoU to Move Faster to Develop Gas Solutions With Zero Global-Warming Potential in the High-Voltage Power Transmission Industry

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will invest 167 million Turkish lira (approx. 18 million USD) to increase production capacity at Mitsubishi Electric Air Conditioning Systems Manufacturing Turkey (MACT), the company's air-conditioner production base in Turkey. Combined annual production of newly introduced air-to-water (ATW) heat pumps and annual production of room air conditioners will total one million units eventually, compared to

Mitsubishi Electric to Increase Air Conditioner Production in Turkey

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its Nagoya Works and Industrial Mechatronics Systems Works, both engaged in the development and manufacture of industrial automation in Nagoya, Aichi Prefecture, have each obtained a certification under the International Electrotechnical Commission's IEC 62443-4-1 standard regarding the Security Development Lifecycle (SDL) of industrial automation and control systems. The two newly certified Works are now

Mitsubishi Electric's Nagoya Works and Industrial Mechatronics Systems Works Acquire IEC 62443-4-1 Certification

CYPRESS, Calif.--(BUSINESS WIRE)-- #MEUS--Mitsubishi Electric US, Inc. (MEUS) announced that Mike Corbo will assume the role of president and CEO of the Southern California-based company.

Mitsubishi Electric US Appoints Mike Corbo President and CEO; Masahiro Oya Elevated to Chairperson

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today its consolidated financial results for fiscal 2021 (April 1, 2020- March 31, 2021). The full document on Mitsubishi Electric's financial results can be viewed at the following link: www.MitsubishiElectric.com/news Consolidated Financial Results Revenue:   4,191.4   billion yen   (6% decrease from the previous fiscal year) Operating profit:   230.1   billion yen   (11% decrease from the previous fiscal year) Pro

Mitsubishi Electric Announces Consolidated Financial Results for Fiscal 2021

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today it has developed seven new X-Series products—two HVIGBTs and five HVDIODEs—boosting the X-Series lineup to 24 power semiconductor modules suitable for increasingly large-capacity, small-sized inverters used in traction motors, DC-power transmitters, large industrial machinery and other high-voltage, large-current equipment. The models will be released sequentially beginning July 1. The modules will be exhibite

Mitsubishi Electric to Launch New X-Series HVIGBTs and HVDIODEs

TAMPA BAY, Fla., April 22, 2021 /PRNewswire/ -- Mitsubishi Electric Europe B.V.

Mitsubishi Electric Pursues Partnership with TeamViewer to Drive Next Level AR-based Customer Support

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its subsidiary Mitsubishi Elevator India Private Limited (IMEC) has secured a major order to supply elevators to the Commerzone Madhapur and Altimus luxury complexes owned by K RAHEJA CORP, a leading developer in India. The order consists of 72 elevators including 37 high-speed models. The elevators incorporate Mitsubishi Electric's Destination Oriented Allocation System (DOAS) to meet COVID-19 needs for

Mitsubishi Electric to Supply Elevators to 2 Large Luxury Complexes in India

CYPRESS, Calif.--(BUSINESS WIRE)--The Elevator and Escalator Division of Mitsubishi Electric US, Inc., headquartered in Cypress, California, is pleased to announce its expansion to Nashville, opening a new office and embarking on a project alongside Giarratana LLC. Nashville developer Tony Giarratana of Giarratana LLC selected Mitsubishi Electric US to provide top-of-the-line elevator systems in two of his latest developments, Alcove at 900 Church Street and Prime at 801 Church Street. The elev

Mitsubishi Electric US, Inc. Establishes Presence in Greater Nashville

WASHINGTON--(BUSINESS WIRE)--Mitsubishi Electric America Foundation announced $1,014,600 in grants to empower youth with disabilities to lead productive lives through employment.

Mitsubishi Electric America Foundation Announces $1 Million in New Grants

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today its dividend forecast for the current fiscal year ending March 31, 2021 (fiscal 2021). The company plans to pay a year-end dividend of 26 yen per share, as of the record date of March 31, 2021, with due consideration on performance and financial standing in fiscal 2021. The actual dividend will be declared at the Board of Directors' meeting when financial results for fiscal 2021 are to be approved. Dividend pe

Mitsubishi Electric Announces Dividend Policy for Fiscal 2021 (April 1, 2020 – March 31, 2021)

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its subsidiary Mitsubishi Elevator (Thailand) Co., Ltd. (MET) has secured a major order from “One Bangkok.” A joint venture between TCC Assets Co., Ltd. and Frasers Property Holdings (Thailand) Co., Ltd., One Bangkok is Thailand's largest private sector property initiative ever undertaken, setting new benchmarks in design, smart-city living and sustainability. The fully integrated district is poised to be

Mitsubishi Electric to Supply Elevators and Escalators for “One Bangkok”

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has developed a dialogue-summarizing technology based on its AI technology Maisart®* that automatically generates accurate written summaries of spoken conversation, thereby enabling call-center staffers to roughly halve the time they need to prepare final reports after calls, as determined in preliminary tests conducted at a Mitsubishi Electric call center. * Mitsubishi Electric's AI creates the State-

Mitsubishi Electric Develops Dialogue-summarizing AI Based on Knowledge Processing

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has become a partner in the WIPO GREEN technology platform operated by the World Intellectual Property Organization (WIPO), through which Mitsubishi Electric will leverage its green technologies to drive open innovation and contribute to global efforts to achieve the United Nation's Sustainable Development Goals. Specifically, Mitsubishi Electric will register its green technologies in the WIPO GREEN da

Mitsubishi Electric Joins WIPO GREEN as Partner

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its Mitsubishi Electric Diode InfraRed (MelDIR) sensor lineup will introduce on July 1 a new thermal sensor featuring a wide field of view (FoV) and high 80x60 pixel resolution for applications including security, heating, ventilation and air conditioning (HVAC), people counting, smart buildings and thermal scanners. The new MelDIR sensor accurately distinguishes between humans and other heat sources and

Mitsubishi Electric to Launch 80x60 pixel Thermal Diode Infrared Sensor

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it ranked first among Japanese firms and third globally in terms of international patent applications filed in 2020 according to an announcement by the Switzerland-based World Intellectual Property Organization (WIPO) on March 2. The high rankings reflect Mitsubishi Electric's strategic positioning of intellectual property (IP) as a crucial business resource, including for R&D to support the company's

Mitsubishi Electric 1st Among Japanese Firms and 3rd Globally in International Patent Applications Filed in 2020

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today it will establish the Industrial Mechatronics Systems Works as of April 1, 2021 within the premises of the company's Nagoya Works in Nagoya, Japan. The functions which currently lay under Nagoya Works for development and manufacturing of computerized numerical controllers (CNCs), electrical discharge machines (EDMs) and laser processing machines will be transferred to the new Works, improving flexibility and sp

Mitsubishi Electric Makes Dedicated Factory for Industrial Mechatronics

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that, at its general meeting of the Board of Directors held today, resolved the changes of Representative Executive Officers, Executive Officers and Directors as well as their division of duties, and also various organizational reforms effective April 1, 2021. For the full text, please visit: www.MitsubishiElectric.com/news/

Mitsubishi Electric Announces Changes in Representative Executive Officers, Executive Officers and Directors, as Well as Organization

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that two new 13.75–14.5 GHz (Ku-band) 30W (45.3dBm) gallium-nitride high-electron-mobility transistors (GaN HEMTs) will be added to the company's GaN HEMT lineup for satellite-communication (SATCOM) earth stations. The two products, one for multi-carrier1 communication and the other for single-carrier2 communication, will support increased data-transmission capacity and smaller earth stations. Sales will begin

Mitsubishi Electric to Expand Product Range of Ku-band GaN HEMTs

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its environmental efforts related to supply chains have earned the company selection to the 2020 “Supplier engagement leaderboard,” the highest ranking in the CDP Supplier Engagement program operated by CDP, an international non-governmental organization that supports environmental disclosure. This is the fourth year in which Mitsubishi Electric has earned a top ranking for excellent actions and strategie

Mitsubishi Electric Named to CDP Supplier Engagement Leaderboard

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will establish the Malaysia FA Center on the premises of its subsidiary Mitsubishi Electric Sales Malaysia Sdn. Bhd., which is located in Selangor state on the west coast of Peninsular Malaysia. The new facility, which is scheduled to start operating on March 1, will strengthen servicing and support for Mitsubishi Electric factory automation (FA) products in Malaysia and thereby facilitate expansion of

Mitsubishi Electric to Establish FA Products Service Center in Malaysia

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that the company has developed an artificial intelligence (AI) technology that uses data on a tsunami's velocity detected by radar to forecast water inundation depths1 in surrounding inland areas, working in collaboration with the Society for the Promotion of Construction Engineering of the General Incorporated Foundation. The AI incorporates Mitsubishi Electric's Maisart®2 AI technology to generate highly accu

Mitsubishi Electric Develops Radar-Based Tsunami-flooding Prediction AI

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today its consolidated financial results for the first 9 months and third quarter, ended December 31, 2020, of the current fiscal year ending March 31, 2021 (fiscal 2021). The full document on Mitsubishi Electric's financial results can be viewed at the following link: www.MitsubishiElectric.com/news 1. Consolidated First 9 Months Results (April 1, 2020 – December 31, 2020) Revenue: 2,940.6 billion yen (10% decrease

Mitsubishi Electric Announces Consolidated Financial Results for the First 9 Months and Third Quarter of Fiscal 2021

CYPRESS, Calif.--(BUSINESS WIRE)--The Elevator and Escalator Division of Mitsubishi Electric US, Inc., headquartered in Cypress, California is pleased to announce its expansion in Northern California, opening a second office in the region in downtown San Francisco. Widely regarded as the nation's leading tech-hub, San Francisco ranked 18th on Forbes' list of Best Places for Business and Careers in 2019 and in 2020 it attracted the most U.S. venture dollars of any major U.S. city. The city conti

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