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 consolidated financial results for the first half and second quarter, ended September 30, 2022, of the current fiscal year ending March 31, 2023 (fiscal 2023).

Mitsubishi Electric Announces Consolidated Financial Results for the First Half and Second Quarter of Fiscal 2023

CYPRESS, Calif.--(BUSINESS WIRE)--The Elevator and Escalator Division of Mitsubishi Electric US, Inc., headquartered in Cypress, California, continues to grow and is now serving elevator and escalator customers in Houston and Austin. A vertical transportation supplier with a proven track record in the multifamily, retail, hospitality and commercial sectors, Mitsubishi Electric is a natural fit for Texas, one of America's top states for business. With a skilled and growing workforce, low taxes a

Mitsubishi Electric US, Inc. Expands Offerings in Texas

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that its ME Innovation Fund has invested in FTV LABS Pte. Ltd., a Singapore-based company that provides the field service management software “KEGMIL”. This is the fund's second investment in a target company. FTV LABS's field service management software is helping to improve operational efficiency in manufacturing, construction, logistics and other industries, primarily in Southeast Asia. While deskwork has be

Mitsubishi Electric's ME Innovation Fund Invests in FTV LABS

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today its dividend forecast for the first half (ending September 30, 2022) of the current fiscal year ending March 31, 2023 (fiscal 2023). The company plans to pay an interim dividend of 14 yen per share, as of the record date of September 30, 2022, with due consideration on performance and financial standing in the first half of fiscal 2023. The actual dividend will be declared at the Board of Directors' meeting wh

Mitsubishi Electric Announces Dividend Policy for the First Half of Fiscal 2023

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that together with Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) they have developed a electrical motor-design support system incorporating Mitsubishi Electric's Maisart®* AI technology to dramatically shorten the time required to produce electrical motor designs that achieve the same performance as conventional design methods deployed manually by skilled engineers. TMEIC plans to adopt th

Mitsubishi Electric and TMEIC Develop Electrical Motor-design Support System Incorporating AI

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation and Robert Bosch GmbH have agreed to terminate operations of their joint venture, Nippon Injector Corporation by the end of 2025 and subsequently dissolve the company and complete the liquidation. Due to the impact of the technological shift towards electrification in the automotive industry, it is estimated that the demand for fuel injectors for combustion engines will be declining in the future. In order to cope with this market developm

Mitsubishi Electric Corporation and Robert Bosch GmbH Have Agreed to Dissolve Nippon Injector Corporation

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will begin shipping samples of its new tunable laser-diode chip for use in optical transceivers of optical-fiber communication systems on October 1. The new chip is expected to help increase the capacity of digital coherent communication as well as reduce the size of optical transceivers. Data communication volume is rapidly increasing due to the spread of 5G mobile communication networks and the popula

Mitsubishi Electric to Ship Samples of Tunable Laser-diode Chip for Optical-fiber Communication

WARRENDALE, Pa.--(BUSINESS WIRE)--Mitsubishi Electric Power Products, Inc. (MEPPI), the company that pioneered large-scale video displays, unleashes a revolution in architectural lighting with the introduction of the Diamond Dot programmable LED lighting system. The Diamond Dot platform takes architectural lighting out of the night and into the day with spectacular daytime viewable brightness. In addition to its remarkable brightness, the Diamond Dot system can be connected in virtually any sha

Mitsubishi Electric Power Products Inc. (MEPPI) Introduces Diamond Dot™ Programmable LED Architectural Lighting System

CYPRESS, Calif.--(BUSINESS WIRE)--The Elevator and Escalator Division of Mitsubishi Electric US, Inc. is expanding staff and office space with a new call center to support growth in the U.S. Vertical transportation needs are growing as construction volume has picked up and the existing US elevator and escalator inventory ages. In response to growing demand, Mitsubishi Electric US, Inc. has opened four Elevator and Escalator branch offices in the past three years in San Francisco (second Norther

Mitsubishi Electric US, Inc. Expands Elevator and Escalator Call Center

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its “SUSTIE®” Net Zero Energy Test Facility has obtained Platinum-level WELL Building StandardTM certification, an international certification that evaluates the extent to which a building environment supports the wellbeing of its occupants. It is expected that improvements to office environments will become more and more important in the future not only as a means of improving the health and productivity

Mitsubishi Electric's “SUSTIE” Net Zero Energy Test Facility Achieves Platinum Level WELL Certification

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today its consolidated financial results for the first quarter, ended June 30, 2022, of the current fiscal year ending March 31, 2023 (fiscal 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: 1,067.7 billion yen (Substantially unchanged year-on-year) Operating profit: 33.9 billion yen (59% d

Mitsubishi Electric Announces Consolidated Financial Results for the First Quarter of Fiscal 2023

CYPRESS, Calif.--(BUSINESS WIRE)--As a socially responsible company, the Elevator and Escalator Division of Mitsubishi Electric US, Inc. is proud to support the Nashville Zoo at Grassmere. 45 employees recently volunteered their time, talent and energy at an employee event sprucing up the Zoo. They spent time in three separate areas cleaning, gardening, and painting. The afternoon was a success for participants and the Nashville Zoo alike. A combined $15,000 was donated through the Elevator and

Mitsubishi Electric US, Inc. Supports Nashville Zoo

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will launch a 50W silicon radio-frequency (RF) high-power metal-oxide semiconductor field-effect transistor (MOSFET) module for use in high-frequency power amplifiers of commercial two-way radios on August 1. The model, which offers an industry-leading1 50W power output in the 763MHz to 870MHz band and high total efficiency2 of 40%, is expected to help expand radio communication range and reduce power

Mitsubishi Electric to Launch 50W Silicon RF High-power MOSFET Module for Commercial Two-way Radio

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will invest approximately 2.2 billion Indian rupees, or 3.1 billion yen, in its subsidiary Mitsubishi Electric India Pvt. Ltd. to establish a new factory in India. Expected to start operations in December 2023, the new factory will manufacture inverters and other factory automation (FA) control system products, expanding the company's capabilities to meet the growing demand in India. The rapidly growing

Mitsubishi Electric to Establish New Factory in India for Factory Automation Control System Products

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has developed a technology based on its Maisart®1 AI technology that automatically constructs knowledge graphs by acquiring key phrases, authors, citation relationships and whole-part relationships of elements in various materials, including figures and tables, and then visualizes the relevance of the information so that users can identify and understand the most necessary information quickly and intui

Mitsubishi Electric's AI Creates Knowledge Graphs from Text and Graphics to Visualize Information Relevance

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has developed the prototype of what is believed to be the world's first* optical receiver for use in laser communication terminals (LCTs), that integrates space optical communication using laser beams and a function to detect the direction of received beams in the 1.5-μm band, a general-purposeband used for terrestrial optical fiber communications and other applications. High-resolution satellite image

Mitsubishi Electric Develops World's First Laser Communication Terminal Integrating Space Optical Communication and Spatial Acquisition

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will invest 1.44 billion Turkish lira (113 million USD) in a new plant at Mitsubishi Electric Air Conditioning Systems Manufacturing Turkey Joint Stock Company (MACT), the company's air-conditioner production base in Turkey. The expansion will expand MACT's annual capacity for air-to-water (ATW) heat pumps* to 300,000 units, up by 100,000 units from current capacity, and room air conditioners to 1,100,

Mitsubishi Electric to Expand Production Capacity at A/C Base in Turkey

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, 2022, with due consideration of the company's performance and financial standing during the fiscal year ended March 31, 2022 (fiscal 2022). Year-end dividend   Fixed Status Previous Dividend Forecast (April 28, 2022) Previous Year's Dividend (Fiscal 2021) Record date March 31, 2022 March 31, 2022 March 31, 2021 Divi

Mitsubishi Electric Announces Dividend for Fiscal 2022 (April 1, 2021 – March 31, 2022)

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that the company has developed an on-orbit additive-manufacturing technology that uses photosensitive resin and solar ultraviolet light for the 3D printing of satellite antennas in the vacuum of outer space. The novel technology makes use of a newly developed liquid resin that was custom formulated for stability in vacuum. The resin enables structures to be fabricated in space using a low-power process that uti

Mitsubishi Electric Develops Technology for the Freeform Printing of Satellite Antennas in Outer Space

CYPRESS, Calif.--(BUSINESS WIRE)--Mitsubishi Electric US, Inc. recently launched a new Silicon Carbide (SiC) power module FMF400DY-24B. The 400A, 1200V Dual SiC MOSFET module includes an anti-parallel, low Vf, zero recovery loss, SiC SBD (Schottky Barrier Diode). The module packages new designs into a current industry standard footprint (62mm x 108mm) for medical power supplies and general industrial applications. Designed for Vgs(on)=15V, the module is compatible with standard IGBT gate driver

Mitsubishi Electric Expands Silicon Carbide Power Device Lineup With Industry Standard Package Dual Device

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in QunaSys, Inc., a leading Japanese startup that has gathered diverse research scientists to develop innovative algorithms that maximize the potential of quantum computing, including through applications that can be used without special expertise. QunaSys's active involvement in quantum-computing research and development includes management of the QPARC industry consor

Mitsubishi Electric's ME Innovation Fund Invests in QunaSys Startup

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today its consolidated financial results for fiscal 2022 (April 1, 2021 - March 31, 2022). The full document on Mitsubishi Electric's financial results can be viewed at the following link: www.MitsubishiElectric.com/news Consolidated Financial Results Revenue:   4,476.7   billion yen   (7% increase compared to the previous fiscal year) Operating profit:   252.0   billion yen   (9% increase compared to the previous fi

Mitsubishi Electric Announces Consolidated Financial Results for Fiscal 2022

NORTHVILLE, Mich.--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) today debuted a new digital cockpit, Inca Jay, that showcases a suite of technologies for Advanced Driver Assistance Systems (ADAS), cabin safety and enhanced User Experience (UX), that will shape the future of connectivity and usability in vehicles. The Inca Jay cockpit is powered by the 3rd Generation Snapdragon® Cockpit Platform, which utilizes Green Hills Software's INTEGRITY® real-time operating system for pe

Mitsubishi Electric Unveils Inca Jay Digital Cockpit to Showcase Advanced Safety Technologies

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will begin shipping samples of its LV100-type T-series 2.0kV insulated-gate bipolar transistor (IGBT) Module for industrial use this May. The new power-semiconductor product is expected to downsize and reduce the power consumption of power-conversion equipment for use with renewable-energy sources. Also, the product will be exhibited at major trade shows, including Power Conversion Intelligent Motion (

Mitsubishi Electric to Ship Samples of LV100-type T-series 2.0kV IGBT Module for Industrial Use

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has developed a new airflow-control technology that both visualizes and analyzes airflow from air-conditioning systems and temperature distribution for optimized room-wide comfort. The technology predicts airflows and temperatures, which vary according to the room shape and air-conditioning system layout, to determine how to minimize uneven temperatures and discomfort due to excessively strong airflow.

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