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 its consolidated financial results for the first 9 months and third quarter, ended December 31, 2021, of the current fiscal year ending March 31, 2022 (fiscal 2022). 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, 2021 – December 31, 2021) Revenue:   3,181.2   billion yen   (8% incr

Mitsubishi Electric Announces Consolidated Financial Results for the First 9 Months and Third Quarter of Fiscal 2022

Mitsubishi Electric, the automaker's electronics equipment manufacturing company, is starting a pilot program to explore the value of autonomous robots.

Mitsubishi partners with Cartken to break into the robotic delivery world

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has developed a prototype of the world's smallest* antenna for high-precision satellite-based positioning in four frequency bands used by the world's main satellite-positioning systems and positioning-augmentation services.** The highly compact antenna, which is expected to be installed in diverse vehicles and even drones, will accelerate high-precision satellite-based positioning for autonomous driving

Mitsubishi Electric Develops World's Smallest Antenna Prototype for High-precision Satellite-based Positioning in Four Frequency Bands

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) and Global Brain Corporation announced today their immediate launch of the ME Innovation Fund, a corporate venture capital (CVC) fund that will invest in and partner with startups across the world. The fund will operate with a commitment to invest five billion yen in capital over the next ten years. Today, open innovation has become increasingly important in the effort to adapt quickly to changes in the business world, includ

Mitsubishi Electric, Global Brain Launch “ME Innovation Fund”

LAS VEGAS & CYPRESS, Calif.--(BUSINESS WIRE)--Mitsubishi Electric Corporation announced its HealthCam scanning technology that performs touchless, line-of-sight monitoring of vital signs at CES.

Mitsubishi Electric Unveils HealthCam Scanning Technology that Performs Touchless, Line-of-Sight Monitoring of Vitals

LAS VEGAS & CYPRESS, Calif.--(BUSINESS WIRE)-- #CES--Mitsubishi Electric today announced its CES virtual exhibits that connect and unite a sustainable smart society.

Mitsubishi Electric Demonstrates Cross-Industry Products and Technology that Connect and Unite a Sustainable Smart Society

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will exhibit at CES 2022 in Las Vegas, U.S.A. from January 5 to 8, with the concept "Smart Society." The company will introduce its vision of contributing to a vibrant and sustainable future by addressing social issues through various advanced technologies and solutions that help society connect, unite and share. The exhibit will be located in the West Hall of the Las Vegas Convention Center at booth No

Mitsubishi Electric to Exhibit at CES 2022 in Las Vegas, USA

CYPRESS, Calif.--(BUSINESS WIRE)--The Elevator and Escalator Division of Mitsubishi Electric US, Inc., headquartered in Cypress, California, hosted its second charity golf tournament on Wednesday, November 10, benefitting Folds of Honor and Warrior Dog Foundation. The tournament hosted nearly 150 Mitsubishi Electric US business partners, vendors and employee volunteers at Strawberry Farms Golf Club in Irvine, California. The event raised $60,000 from sponsorship opportunities, player registrati

Mitsubishi Electric US, Inc. Hosts Charity Golf Tournament

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has developed a new concept car, the EMIRAI xS Drive, equipped with near-infrared cameras and radio-wave sensors to monitor the driver and passengers and an Advanced Driver Assistance System (ADAS) to provide adaptive control of the headlights, both of which help to avoid traffic accidents. The new concept car will be exhibited at CES 2022 from this coming January 5 to 8 at the Las Vegas Convention Cen

Mitsubishi Electric Unveils "EMIRAI xS Drive" Concept Car

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will invest 0.6 billion Thai baht (approx. 18 million USD) to increase production capacity at the company's air-conditioner compressor production base, Siam Compressor Industry Co., Ltd (SCI), in Thailand. Annual production of scroll compressors will expand eventually to 870,000 units, up from 745,000 units. The factory will increase production beginning in October 2022. As part of the expansion, the u

Mitsubishi Electric to Increase A/C Compressor Production in Thailand

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today its establishment of the Mitsubishi Electric Group AI Ethics Policy for the development and use of AI with consideration for safety and security, not just convenience. Mitsubishi Electric is now engaging stakeholders to explain its new AI ethics policy, which is predicated on the development and utilization of human-centered AI. Early this year, the company's 100 anniversary, Mitsubishi Electric announced that

Mitsubishi Electric Establishes New AI Ethics Policy

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that together with RIKEN (The Institute of Physical and Chemical Research) it has developed an AI technology that clarifies the rationale underpinning each AI-based control system to enable such systems to be deployed in infrastructure and various equipment with confidence. Mitsubishi Electric will provide the new technology in its Maisart® lineup. Features of Development 1) Step-by-step use of new AI realizes

Mitsubishi Electric's New Technology Clarifies AI Control Rationale

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 activities. The top rating 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 five different years in the climate-change categ

Mitsubishi Electric Again Named to CDP's Climate “A List”

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) and the National Institute of Advanced Industrial Science and Technology (AIST) announced today that they have developed an AI technology that predicts changes during automated manufacturing processes and then makes real-time adjustments in the factory-automation (FA) equipment, such as motion speeds, etc., during operation. In addition to eliminating the need for time-consuming manual adjustments, the AI estimates the confide

Mitsubishi Electric and AIST Develop AI Technology for Real-time Control of FA Equipment

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its SUSTIE® net zero-energy building (ZEB) test facility, which launched at the company's Information Technology R&D Center (Kamakura, Kanagawa Prefecture) in 2020, reduced its energy consumption to less than 0%, meaning that it created more energy than it consumed, in its first full year of operation. The facility, a medium-sized office building with more than 6,000m2 of floor space and equipped with

Mitsubishi Electric's Net Zero Energy Test Facility Cuts Annual Operating Energy to Below 0%

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today the name of Mitsubishi Electric Building Techno-Service Co., Ltd., a new wholly owned subsidiary that will integrate the company's building systems business following a company split. The name had been undetermined at the time of the announcement “Mitsubishi Electric to Integrate Building Systems Business into Subsidiary via Company Split” dated October 18. Other than the company name being announced today, ot

Mitsubishi Electric Announces Name of Subsidiary That Will Integrate Building Systems Business Following Company Split

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today the Diamond-Trac® 2, a new Diamond-Trac® Series machine room-less elevator featuring a space-saving design, enhanced operational efficiency and a touchless hall operating panel for residences, offices and hotels in the U.S. market. Mitsubishi Electric US, Inc. will commence sales on November 12, targeting more than doubling annual sales in this category per year. Product Features 1) Space-saving design for mor

Mitsubishi Electric to Launch Diamond-Trac® 2 Elevator

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today its consolidated financial results for the first half and second quarter, ended September 30, 2021, of the current fiscal year ending March 31, 2022 (fiscal 2022). The full document on Mitsubishi Electric's financial results can be viewed at the following link: www.MitsubishiElectric.com/news 1. Consolidated Half-year Results (April 1, 2021 – September 30, 2021) Revenue: 2,138.3   billion yen   (12% increase fr

Mitsubishi Electric Announces Consolidated Financial Results for the First Half and Second Quarter of Fiscal 2022

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today the launch of the NEXIEZ-MRL Version2 elevator, featuring more advanced specifications than the NEXIEZ-MRL model, the company's mainstay machine room-less elevator in overseas markets. In addition to operating more efficiently, the new model will help improve passenger safety, comfort and convenience by providing antivirus solutions that meet the demands of the “new normal.” Sales will commence on October 29,

Mitsubishi Electric Launches NEXIEZ-MRL Version2 Elevator

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will begin shipping samples of its 100Gbps (53Gbaud) four-level pulse-amplitude modulation (PAM4) electro-absorption modulator (EML) laser diode chip for coarse wavelength division multiplexing (CWDM) on November 1. The semiconductor diode is expected to be applied in sets of four EML chips as a light source in optical transceivers for 400Gbps optical fiber communication in data centers. Thanks to the n

Mitsubishi Electric to Ship Samples of Wider-temperature-range CWDM 100Gbps (53Gbaud PAM4) EML Chip for Data Centers

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will transfer its building systems business and assets, including the manufacture and sales of elevators and escalators, to its wholly-owned subsidiary Mitsubishi Electric Building Techno-Service Co., Ltd. (MELTEC). The transfer will be achieved by means of an absorption-type company split (“Company Split”); certain information is accordingly being omitted from this announcement. 1. Purpose of Company

Mitsubishi Electric to Integrate Building Systems Business into Subsidiary via Company Split

Mitsubishi Electric Corporation (MIELF) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Mitsubishi Electric Corporation (MIELF) Upgraded to Strong Buy: Here's What You Should Know

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will launch on October 18 two new CV Series models of 3D CO2 laser processing systems for cutting carbon fiber reinforced plastics (CFRP), which are lightweight, high strength materials used in automobiles. The new models are equipped with CO2 laser oscillators that integrate the oscillator and amplifier into the same enclosure – a world-first based on the company's research as of October 14, 2021 – an

Mitsubishi Electric to Launch ‘CV Series' of 3D CO2 Laser Processing Systems for Cutting CFRP

Mitsubishi Electric (MIELF) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.

Why Mitsubishi Electric (MIELF) is Such a Great Value Stock Pick Right Now

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announces a transfer of Directors as of October 1, 2021 as detailed below. In addition, changes were made to an individual Executive Officer's division of duties and the organization, both effective October 1, 2021, based on resolutions passed during the extraordinary meeting of the Board of Directors. 1. Transfer of a Director (effective October 1, 2021) (1) Reason for the Transfer In light of the investigation into improper

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