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 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.

Mitsubishi Electric Announces Dividend for Fiscal 2023 (April 1, 2022 – March 31, 2023)

KITCHENER, Ontario--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503), a global leader in factory automation solutions, today announced a strategic investment in Clearpath Robotics, the parent company of autonomous mobile robot leader, OTTO Motors. With more than 4 million hours of production experience, OTTO Motors' pioneering autonomous mobile robot (AMR) technology and award-winning software are used by Fortune 500 companies to deliver productivity and safety in material handlin.

Mitsubishi Electric Announces Strategic Investment in OTTO Motors to Accelerate Industrial Automation

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has made a strategic investment in Clearpath Robotics, a Canadian-based company that develops and sells autonomous mobile robots (AMR). Mitsubishi Electric aims to strengthen its support for complete factory optimization and automation by utilizing AMR systems and continue to contribute to the further development of manufacturing automation through open innovation and investments in companies with dive.

Investment in Clearpath Robotics supports full factory automation

The Indian arm of Japan's Mitsubishi Electric Corp said on Tuesday that it will invest 18.91 billion rupees ($231.2 million) to set up a manufacturing facility in the southern state of Tamil Nadu.

Japan's Mitsubishi Electric to build India plant for $231 mln

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund, has invested in Elephantech Inc. The startup is the first company in the world to successfully mass-produce printed circuit boards using metal inkjet printing. This is the fund's fourth investment in a target company. Under its mission of Making the world sustainable with new manufacturing technologies, Elephantech uses its metal inkjet printing and copper plating technologies to m.

Mitsubishi Electric, ME Innovation Fund invests in Elephantech Inc.

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will begin shipping samples of a new Schottky barrier diode (SBD)-embedded silicon carbide (SiC) metal-oxide-semiconductor field-effect transistor (MOSFET) module, featuring dual-type 3.3kV withstand voltage and 6.0kVrms dielectric strength, on May 31. The new module is expected to support superior power, efficiency and reliability in inverter systems for large industrial equipment such as railways and.

Mitsubishi Electric to Ship Samples of SBD-embedded SiC-MOSFET Module

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SUWANEE, Ga.--(BUSINESS WIRE)--Mitsubishi Electric Trane HVAC US LLC (METUS), a leading supplier of Ductless and Ducted Mini-split and Variable Refrigerant Flow (VRF) heat pump and air-conditioning systems, celebrated the opening of its Distribution and Training Center in Florence, New Jersey with a ribbon-cutting ceremony held April 26. Strategically positioned near the New Jersey and Pennsylvania Turnpikes, this new 400,000-square-foot facility is intended to strengthen the company's supply c.

Mitsubishi Electric Trane HVAC US Opens Florence, New Jersey Distribution and Training Center

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today its consolidated financial results for fiscal 2023 (April 1, 2022 - March 31, 2023). The full document on Mitsubishi Electric's financial results can be viewed at the following link: www.MitsubishiElectric.com/news Consolidated Financial Results Revenue: 5,003.6 billion yen (12% increase year-on-year) Operating profit: 262.3 billion yen (4% increase year-on-year) Profit before income taxes: 292.1 billion yen (4.

Mitsubishi Electric Announces Consolidated Financial Results for Fiscal 2023

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will begin shipping samples of a new HV100 dual-type X-Series high-voltage insulated gate bipolar transistor (HVIGBT) module on May 31, offering superior power, efficiency and reliability in inverter systems for large industrial equipment such as railways and electric power systems. The dual-type module, which achieves 4.5kV withstand voltage and 10.2kVrms dielectric strength, is rated at 450A, which i.

Mitsubishi Electric to Ship Samples of HV100 Dual-type X-Series HVIGBT Module

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has decided to drastically restructure its automotive-equipment business in accordance with a resolution adopted at the company's Executive Officers' Meeting held today. The restructure is designed to streamline decision-making in the business and accelerate the transformation of the company's automotive-equipment business in the face of rapid changes in this industry, including the shift to connected,.

Mitsubishi Electric to Restructure Its Automotive-equipment Business

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has developed a technology to detect serious physical conditions experienced by people driving automobiles, such as loss of consciousness, by estimating pulse rate, changes in blood pressure and other biometric data collected with a contactless Driver Monitoring System (DMS) camera, which the company has already launched to detect driver distractions and drowsiness.

Mitsubishi Electric's New Car Technology Uses Biometric Information to Detect Serious Physical Conditions Experienced by Drivers

WASHINGTON--(BUSINESS WIRE)-- #MitsubishiElectricAmericanFoundation--Mitsubishi Electric America Foundation (MEAF) announced today $1.3 million in new grants to empower youth with disabilities to lead productive lives through increased employment. “MEAF continues to focus on the ‘ability' of young people with disabilities by investing in projects that prepare young people for jobs in fields where talent is in demand,” says Kevin R. Webb, senior director of MEAF.

Mitsubishi Electric America Foundation Announces $1.3 Million in New Grants

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that Mitsubishi Electric group will provide additional disaster relief in response to a request by Turkey's Ministry of Interior Disaster and Emergency Management Presidency (AFAD) in the form of 500 air conditioners (equivalent to approx. 32 million yen) to be donated to temporary shelters that are urgently being set up in southern Turkey following the earthquake that struck the region on February 6.

Mitsubishi Electric to Provide Additional Disaster Relief to Earthquake-affected Areas in Southern Turkey

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 2022 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.

Mitsubishi Electric Named CDP Supplier Engagement Leader for Three Consecutive Years and Sixth Time

WARRENDALE, Pa.--(BUSINESS WIRE)--Mitsubishi Electric Power Products, Inc., (MEPPI) today announced current President Tricia Breeger as its new CEO, effective April 1, 2023. Brian Heery, current Chief Executive Officer, will remain the Chairman of the Board for the organization. This announcement marks company history as Breeger is the first female CEO to be appointed throughout the Mitsubishi Electric Group Companies.

Tricia Breeger Named CEO of Mitsubishi Electric Power Products, Inc.

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in SCADAfence Ltd., an Israeli-based startup company that provides the OT & IoT cybersecurity platform "SCADAfence Platform” as well the industry's only dedicated GRC platform, “Governance Portal”, as the third investment.

Mitsubishi Electric, ME Innovation Fund Invests in SCADAfence Ltd.

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has developed what is believed to be the first industrial tomographic-imaging technology that uses a 300GHz terahertz wave for one-shot, one-direction measurements at any depth, suitable for low-impact scanning of biological organisms and moving objects with millimeter resolution.

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