Mitsubishi Electric Corp

Earnings data Q3 2021

Earnings data Q4 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 (Chiyoda-ku, Tokyo) and Musashi Energy Solutions Co., Ltd. (Hokuto City, Yamanashi Prefecture), a subsidiary of Musashi Seimitsu Industry Co., Ltd. (Toyohashi City, Aichi Prefecture), announced today their signing of a partnership and co-development agreement on May 14 for Innovative Energy Storage Devices to be incorporated into Innovative Energy Storage Modules, and Battery Management Systems (BMSs) that monitor and control battery usage.

Mitsubishi Electric and Musashi Energy Solutions Sign Partnership and Co-Development Contract

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that the Board of Directors has resolved to pay an year-end dividend of 30 yen per share for fiscal 2024, as of the record date of March 31, 2024, with due consideration of the company's performance and financial standing during the respective fiscal year. For the first half of fiscal 2025, the company plans to pay an interim dividend of 20 yen per share, as of the record date of September 30, 2024, with due co.

Mitsubishi Electric Announces Dividend for Fiscal 2024 (April 1, 2023 – March 31, 2024) and Dividend Forecast for the First Half of Fiscal 2025 (April 1, 2024 – September 30, 2024)

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today its cancellation of treasury stock pursuant to the provisions of Article 178 of the Companies Act, as shown below. 1. Class of shares to be cancelled:   Common stock 2. Number of shares to be cancelled:   34,000,000 shares (1.58% of total number of issued shares before the cancellation) 3. Cancellation date:   May 31, 2024 (For reference) 1. Total number of shares issued after the cancellation   2,113,201,551 s.

Mitsubishi Electric Announces Cancellation of Treasury Stock

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has been awarded a contract by the Japan Aerospace Exploration Agency (JAXA) to supply space-use lithium-ion batteries for the Gateway, a lunar orbiting space station. Under the “Joint Exploration Declaration of Intent for Lunar Cooperation (JEDI)” signed on July 10, 2020 by the Ministry of Education, Culture, Sports, Science, and Technology of Japan and the National Aeronautics and Space Administration.

Mitsubishi Electric Wins Contract to Supply Space-use Lithium-ion Batteries for “Gateway” Lunar Orbital Platform

SUWANEE, Ga.--(BUSINESS WIRE)--Mitsubishi Electric Trane HVAC US LLC is the first manufacturer to receive the Energy Skilled recognition from the Department of Energy.

Mitsubishi Electric Trane HVAC US First Manufacturer to Earn New Department of Energy Training Recognition

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TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today its consolidated financial results for fiscal 2024 (April 1, 2023 - March 31, 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: 5,257.9 billion yen (5% increase year-on-year) Operating profit: 328.5 billion yen (25% increase year-on-year) Profit before income taxes: 365.8 billion yen (.

Mitsubishi Electric Announces Consolidated Financial Results for Fiscal 2024

LONDON & SEATTLE--(BUSINESS WIRE)--Soracom, Inc., a global provider of advanced Internet of Things (IoT) connectivity, today announced that Mitsubishi Electric Europe B.V. has chosen Soracom to add cellular connectivity to MELCloud™, a next-generation, cloud-based remote management system for Mitsubishi Electric air conditioning, heating, and heat recovery/ventilation products. Demand for climate control systems that can maintain comfort while conserving energy is growing in Europe, driven both.

Mitsubishi Electric Europe Selects Soracom to Connect Cloud-Enabled HVAC Systems

TOKYO--(BUSINESS WIRE)--Hitachi Industrial Equipment Systems Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President and CEO: Yasuhiro Takeuchi; hereinafter “Hitachi Industrial Equipment Systems”) and Mitsubishi Electric Corporation (Head Office: Chiyoda-ku, Tokyo; President & CEO: Kei Uruma; hereinafter “Mitsubishi Electric”) today announced that they have agreed to transfer the distribution transformer business of Mitsubishi Electric's Nagoya Works, which develops and manufactures factory au.

Mitsubishi Electric to Transfer Distribution Transformer Business to Hitachi Industrial Equipment Systems

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its wholly owned subsidiaries Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. and Mitsubishi Electric Europe B.V. wholly acquired AIRCALO, an air-conditioning company in France, on April 2. Going forward, Mitsubishi Electric expects to leverage AIRCALO's broad product line and strong customization capabilities to expand and upgrade its hydronic HVAC systems business in the diversifying Europ.

Mitsubishi Electric Subsidiaries Acquire French A/C Maker AIRCALO

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today the conclusion of its repurchase of company stock pursuant to the provisions of Article 459, paragraph 1 of the Companies Act, as well as Article 31 of the company's articles of incorporation approved by the Board of Directors on April 28, 2023, as shown below. Mainly due to a rise in the share price during the repurchase period, neither the total number of shares repurchased nor the aggregate value of shares.

Mitsubishi Electric Announces Conclusion of Company Stock Repurchase

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation is pleased to announce the commencement of operations of its new subsidiary, Mitsubishi Electric Mobility Corporation, which was formed as part of the planned spin-off of Mitsubishi Electric's automotive-equipment business. The name was announced on December 1, 2023. As a member of the Mitsubishi Electric Group, Mitsubishi Electric Mobility will contribute to the realization of a prosperous future mobility society through constant technolo.

Mitsubishi Electric Mobility Commences Operations

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announces that the candidates for Directors, who will be proposed for election at the Ordinary General Meeting of Shareholders scheduled for June 2024, were elected at the meeting of the Nomination Committee held on March 29, 2024. 1. Director Candidates (current positions) Tatsuro Kosaka (Director (Senior Advisor, Chugai Pharmaceutical Co., Ltd.)) Hiroyuki Yanagi (Director (Adviser, Yamaha Motor Co., Ltd.)) Masako Egawa (Dire.

Mitsubishi Electric Announces Director Candidates

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will begin shipping samples of its latest optical device, a DFB-CAN with built-in wavelength monitor, on April 1. This innovative new light source, the industry's first to use the TO-56CAN package for digital coherent communication capable of high-speed, long-distance transmission, is expected to contribute to the realization of ultra-small, low-power consumption of optical transceiver modules. Communic.

Mitsubishi Electric to Ship Samples of DFB-CAN with Built-in Wavelength Monitor for Digital Coherent Communication

SUWANEE, Ga.--(BUSINESS WIRE)--Mitsubishi Electric Trane HVAC US LLC (METUS) announces the introduction of Premier Wall-mounted Indoor Units (MSZ-GS/MSY-GS).

Introducing Premier Wall-Mounted Indoor Units from Mitsubishi Electric Trane HVAC US

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its environmental efforts related to supply chains have earned the company designation as a 2023 “Supplier Engagement Leader,” the highest ranking in the CDP Supplier Engagement Rating program operated by CDP, an international non-profit organization that supports environmental disclosure. This is the fourth consecutive year since 2020 and seventh time in which Mitsubishi Electric has earned a top ranking.

Mitsubishi Electric Named to CDP Supplier Engagement Leader

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TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has reached agreement with Nozomi Networks Inc, a developer and distributor of operational technology (OT) security solutions, to jointly pursue OT security initiatives including marketing and technical development. As part of the agreement, Mitsubishi Electric has acquired an equity stake in Nozomi Networks. Mitsubishi Electric will integrate its factory-automation (FA) equipment and OT security soluti.

Mitsubishi Electric and Nozomi Networks to Expand Operational Technology Security Business

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it ranked fourth globally and first among Japanese companies in terms of international patent applications filed in 2023 according to the Switzerland-based World Intellectual Property Organization (WIPO). A high level of both ranking and the number of patent applications reflect Mitsubishi Electric's strategy to actively promote international patent applicants along with the globalization of its business.

Mitsubishi Electric Ranked 4th Globally and 1st Among Japanese Companies in International Patent Applications Filed in 2023

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has signed an agreement with Dispel LLC, a developer and distributor of secure remote-access and operational-management solutions, to expand their operational technology (OT) security business through marketing and technical development. Remote maintenance, which involves utilizing internet technology to monitor and troubleshoot production lines from remote locations, is attracting increasing interest d.

Mitsubishi Electric and Dispel to Expand Operational Technology Security Business

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will begin shipping samples of its new 6.5W silicon radio-frequency (RF) high-power metal-oxide semiconductor field-effect transistor (MOSFET) for use in RF high-power amplifiers of commercial handheld two-way radios (walkie-talkies) on February 28. The model, which achieves an industry-leading 6.5W output power from a 3.6V single-cell lithium-ion battery, is expected to extend the range and reduce the.

Mitsubishi Electric to Release 6.5W Silicon RF High-power MOSFET Samples for Commercial Handheld Two-way Radios

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announces an organizational changes and changes in the executive officer structure, and division of duties effective April 1, 2024, pursuant to a resolution passed during a regular meeting of the Board of Directors held on February 20, 2024. The company also announces Executive Officers (Associate) to be appointed on the same date. 1. Organizational Changes (effective April 1, 2024) (1) Establishment of Sustainability Innovat.

Mitsubishi Electric Announces Organizational Changes and Changes in Executive Officers, and Executive Officers (Associate) Effective April 1

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today its dividend forecast for 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 a year-end dividend of 30 yen per share, as of the record date of March 31, 2024, with due consideration on performance and financial standing in fiscal 2024. The actual div.

Mitsubishi Electric Announces Dividend Policy for Fiscal 2024 (April 1, 2023 – March 31, 2024)

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that Dr. Shumpei Kameyama of Mitsubishi Electric's Information Technology R&D Center (Kamakura, Japan) and Dr. Jonathan Le Roux of Mitsubishi Electric Research Laboratories, Inc. (Cambridge, MA, USA) have been awarded the title of IEEE Fellow. IEEE, the world's largest association of some 420,000 professionals engaged in electrical/electronic engineering and information/communication technology in 160 coun.

Two Mitsubishi Electric Researchers Elevated to IEEE Fellows, Class of 2024

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that the international nonprofit CDP has once again given Mitsubishi Electric its highest “A List” ranking for Climate Change and Water Security activities. The top ratings recognize the environmental focus of Mitsubishi Electric's commercial activities and goals as well as the company's timely and appropriate information disclosure. Mitsubishi Electric has been named to the A List six different times in each.

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