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 (TOKYO: 6503) announced today its new Environmental Plan 2025, from April 2024 to March 2026, based on the company's Environmental Vision 2050 long-term commitments to addressing environmental issues. The company also announced updated greenhouse gas emissions-reduction targets through 2030 for its corporate group, which have been certified by the Science Based Targets Initiative (SBTi) for conformance with the Paris Agreement's 1.5°C traj.

Mitsubishi Electric Unveils Short-term Environmental Plan and Updated SBTi-certified Targets in Line with 1.5°C Trajectory

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, 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 1. Consolidated First 9 Months Results (April 1, 2023 – December 31, 2023) Revenue: 3,782.4 billion yen (6% increase y.

Mitsubishi Electric Announces Consolidated Financial Results for the First 9 Months and Third Quarter of Fiscal 2024

As of December 31, 2023, Mitsubishi Electric has completed 74% of its current share buyback plan, which expires at the end of March this year. There are signs suggesting that a turnaround is in sight for Mitsubishi Electric's factory automation systems business. Mitsubishi Electric's recent corporate developments send a clear signal that the company has plans to capitalize on growth opportunities brought about by emerging trends.

Mitsubishi Electric: Multiple Positives (Rating Upgrade)

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has developed a behavioral-analysis AI that analyzes the efficiency of manual tasks performed on production sites in just a few minutes without requiring operators to prepare AI-training data in advance, by adopting a probabilistic generative model. This new addition to the company's Maisart AI lineup quickly analyzes videos of people performing repetitive tasks and then visualizes how tasks can be per.

Mitsubishi Electric Develops Behavioral-analysis AI that Analyzes Manual Tasks Without Requiring Training Data

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today the coming release of six new J3-Series power semiconductor modules for various electric vehicles (xEVs), featuring either a silicon carbide metal-oxide semiconductor field-effect transistor (SiC-MOSFET) or a RC-IGBT (Si), with compact designs and scalability for use in the inverters of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs). All six J3-Series products will be available for sample.

Mitsubishi Electric to Release J3-Series SiC and Si Power Module Samples

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation and HACARUS Corporation announced today that they have agreed to expand their collaboration in the development of AI-based visual-inspection applications for manufacturing. As part of the agreement, Mitsubishi Electric will take an equity stake in HACARUS. The strategic partnership will leverage the resources and technologies of both companies to increase synergies aimed at maximizing mutual technological and business potential. By leverag.

Mitsubishi Electric, HACARUS to Expand AI Visual-inspection Business

LAS VEGAS & WASHINGTON--(BUSINESS WIRE)--Mitsubishi Electric has announced that senior director Kevin Webb has been appointed to the Consumer Technology Association Foundation (CTFA) board.

Mitsubishi Electric America Foundation Senior Director Kevin Webb Appointed to Consumer Technology Association Foundation Board

LAS VEGAS & CYPRESS, Calif.--(BUSINESS WIRE)--Mitsubishi Electric US, Inc. is featured at CES 2024 in collaboration with LiveWire EV, LLC, a leader in the electric motorcycle sector.

Mitsubishi Electric J1 Series Power Semiconductor Modules Optimizes Electric Motorcycle Performance

LAS VEGAS & CYPRESS, Calif.--(BUSINESS WIRE)--Mitsubishi Electric US, Inc. today announced the launch of the full suite of its AnyMile™ drone-based logistics and operations management platform.

Mitsubishi Electric US, Inc. Announces Launch of AnyMile™ Drone-based Logistics Operations Management Platform

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will donate a total of 30 million yen (approximately US$200,000) to aid victims of earthquakes that struck Noto Peninsula in Japan. The donation will be made through the Japanese Red Cross Society. The company also plans to make additional donations through Mitsubishi Electric SOCIO-ROOTS Fund, a gift-matching program which matches and doubles donations from employees. The Mitsubishi Electric Group exp.

Mitsubishi Electric to Support Earthquake Relief in Noto Peninsula

LAS VEGAS, Jan. 08, 2024 (GLOBE NEWSWIRE) -- TomTom ( TOM2 ), the location technology specialist, and Mitsubishi Electric (TOKYO: 6503) today announced they are integrating technologies to develop new solutions and drive innovation in automated driving.

TomTom and Mitsubishi Electric collaborate to advance Automated Driving

IRVING, Texas, & TAIPEI, Taiwan--(BUSINESS WIRE)-- #MitsubishiElectric--Please replace the graphic for release dated December 11, 2023, with the accompanying corrected graphic. The release reads: MITSUBISHI ELECTRIC AND TXONE NETWORKS TO COOPERATE IN MUTUAL EXPANSION OF OT SECURITY BUSINESSES Mitsubishi Electric Corporation and TXOne Networks Inc. announced today that they have signed a long-term cooperation agreement covering technology development and marketing, aiming at expanding the operational-technology (OT).

CORRECTING and REPLACING GRAPHIC Mitsubishi Electric and TXOne Networks to Cooperate in Mutual Expansion of OT Security Businesses

SUWANEE, Ga.--(BUSINESS WIRE)--Mitsubishi Electric Trane HVAC US LLC celebrated its Diamond Service Group members during the 2023 Diamond Service Group Conference in Atlanta.

Mitsubishi Electric Trane HVAC US Honors Distributors at Its 20th Annual Diamond Service Group Conference

IRVING, Texas, & TAIPEI, Taiwan--(BUSINESS WIRE)-- #MitsubishiElectric--Mitsubishi Electric Corporation and TXOne Networks Inc. announced today that they have signed a long-term cooperation agreement covering technology development and marketing, aiming at expanding the operational-technology (OT) security businesses of both companies. OT and industrial control systems in manufacturing sites are often operated in closed environments, with IT and OT systems separated from each other. However, the emergence of the Int.

Mitsubishi Electric and TXOne Networks to Cooperate in Mutual Expansion of OT Security Businesses

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) and Mitsubishi Heavy Industries, Ltd. (TOKYO: 7011) announced today that they have each signed a contract for an absorption-type company split with MTG Co., LTD, which has been established as a preparatory company to integrate the two firms' power-generator systems businesses under a planned joint venture. As previously announced, the two firms agreed—in principle by a basic agreement (hereinafter MOU) on December 26, 2022 an.

Update on Disclosed Matter: Mitsubishi Electric and Mitsubishi Heavy Industries Execute Contract for Absorption-type Company Split to Integrate Power-generator Systems Businesses

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in Hayden AI Technologies, Inc., a U.S. based startup company that provides the traffic violation enforcement services using image analysis technology. This is the sixth investment the fund has made to date. The United States has very strict traffic regulations related to school buses to ensure the safety of children. For example, when a school bus is stopped and either.

Mitsubishi Electric, ME Innovation Fund Invests in Hayden AI Technologies, Inc.

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has set the terms and conditions for issuing its first corporate green bonds in the Japanese market, as initially announced in a news release on November 10. The proceeds from the bonds will be used to construct a silicon-carbide (SiC) power semiconductor plant and upgrade related facilities. Mitsubishi Electric has positioned sustainability as a cornerstone of its overall business, including initiativ.

Mitsubishi Electric Sets Terms & Conditions for Issuing First Green Bonds

SUWANEE, Ga.--(BUSINESS WIRE)--According to a survey of U.S. homeowners conducted by Mitsubishi Electric Trane HVAC US (METUS), 63% of American homeowners have heard of the Inflation Reduction Act (IRA) and 54% ranked government incentives (such as a tax credit or rebate) as one of their top three reasons why they would consider installing a heat pump. These findings, among others, were uncovered by the METUS 2023 Heat Pumps & Homeowners Index. The survey explored American homeowners' attit.

More than Half of U.S. Homeowners Ranked Government Incentives as One of Their Top Reasons for Considering Installing a Heat Pump, According to Mitsubishi Electric Trane HVAC Survey1

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has developed the world's first penetration-test support tool, CATSploit, which automatically generates attack scenarios based on the test objectives of a penetration tester, such as the theft of confidential information, to evaluate the effectiveness of test attacks. Using the attack scenarios and resulting test results (scores), even inexperienced security engineers can easily perform penetration tes.

Mitsubishi Electric Develops World's First Penetration-test Support Tool that Generates Attack Scenarios from Hacker Perspectives

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today it has decided the name of its new subsidiary, Mitsubishi Electric Mobility Corporation, that has been formed as part of the planned spinoff of Mitsubishi Electric's automotive-equipment business. The name had been undetermined at the time of the announcement “(Update on Disclosed Matter) Mitsubishi Electric to Transfer Automotive-equipment Business to New Subsidiary as Part of Restructuring” issued on October.

Update on Disclosed Matter: Mitsubishi Electric Announces Name of New Subsidiary Succeeding to Automotive-equipment Business as Part of Restructuring

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has agreed to strategically partner with and invest in ModuleWorks GmbH, a leading software component provider for the digital manufacturing industry. The agreement builds on Mitsubishi Electric's ongoing collaboration with ModuleWorks, a highly regarded developer of cutting-edge CAD/CAM solutions, for the development of advanced technologies to generate machining-tool paths and conduct machine-tool si.

Mitsubishi Electric Partners with Software Developer ModuleWorks

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has executed a Company-split agreement and formally established a wholly owned subsidiary, Melco Automotive Equipment Business Split Preparation Corporation, in line with the previous announcement “(Update on Disclosed Matter) Mitsubishi Electric to Transfer Automotive-equipment Business to New Subsidiary as Part of Restructuring” issued on October 31. Item numbers below are consistent with the previous.

Update on Disclosed Matter: Mitsubishi Electric's Execution of the Company-split Agreement to Transfer Automotive-equipment Business to Newly Incorporated Subsidiary as Part of Restructuring

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will enter into a strategic partnership with Nexperia B.V. to jointly develop silicon carbide (SiC) power semiconductors for the power electronics market. Mitsubishi Electric will leverage its wide-bandgap semiconductor technologies to develop and supply SiC MOSFET chips that Nexperia will use to develop SiC discrete devices. The electric vehicle market is expanding worldwide and is helping to drive th.

Mitsubishi Electric and Nexperia to Partner in Joint SiC Power Semiconductors Development

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will issue green bonds for the first time to raise funds for the construction of a silicon carbide (SiC) power semiconductor plant and the enhancement of related production facilities that handle products capable of contributing to decarbonization. Green bonds are any type of debt instrument issued by a corporation or municipality for the exclusive purpose of financing or refinancing green projects dome.

Mitsubishi Electric to Issue Green Bonds for First Time

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will partner with Visual Components headquartered in Espoo, Finland in a joint venture company, named ME Industrial Simulation Software Corporation, to develop and sell 3D simulators for manufacturing applications. Mitsubishi Electric and Visual Components will hold 70% and 30% stakes respectively in the company, which will begin operating on November 1. Through the new company, Mitsubishi Electric plan.

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