Mitsubishi Electric Corporation (MIELF)

OTCMKTS · Delayed Price · Currency is USD
17.43
+0.93 (5.64%)
Dec 23, 2024, 4:00 PM EST
20.14%
Market Cap 35.12B
Revenue (ttm) 37.43B
Net Income (ttm) 1.98B
Shares Out n/a
EPS (ttm) 0.95
PE Ratio 17.76
Forward PE n/a
Dividend n/a
Ex-Dividend Date Sep 27, 2024
Volume 200
Open 17.43
Previous Close 16.50
Day's Range 17.43 - 17.43
52-Week Range 13.39 - 18.70
Beta 0.65
Analysts n/a
Price Target n/a
Earnings Date Jan 31, 2025

About Mitsubishi Electric

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through: Infrastructure, Industry Mobility, Life, Business Platform, Semiconductor and Device, and Others segments. It offers turbine generators, nuclear power plant and power electronics equipment, motors, transformers, circuit breakers, gas insulated switchgears, switch controls, surveillance-system control and security systems, transmission and distribution ICT systems, display devices, locomotive... [Read more]

Sector Industrials
Founded 1921
Employees 149,134
Stock Exchange OTCMKTS
Ticker Symbol MIELF
Full Company Profile

Financial Performance

In 2023, Mitsubishi Electric's revenue was 5.26 trillion, an increase of 5.08% compared to the previous year's 5.00 trillion. Earnings were 284.95 billion, an increase of 33.21%.

Financial numbers in JPY Financial Statements

News

Honda, Nissan, and Mitsubishi Consider Strategic Merger Amid Declining Profits

Honda, Nissan, and Mitsubishi Consider Strategic Merger Amid Declining Profits

1 day ago - GuruFocus

Wall Street Breakfast Podcast: Starbucks Strike Expands

Starbucks union workers are now on strike in nine states. Honda, Nissan share details of merger talks; Mitsubishi may also come aboard. Stellantis calls off plans to lay off 1,000 workers.

1 day ago - Seeking Alpha

Nissan, Honda announce merger, creating world’s third-largest carmaker

Plans, which include Mitsubishi, announced as Japan tries to gain foothold in electric vehicle market.

1 day ago - Al Jazeera

Honda, Nissan and Mitsubishi confirm they are in merger talks

Deal would create world’s third-largest carmaker in terms of annual sales amid intense competition from China Business live – latest updates Honda, Nissan and Mitsubishi have confirmed they are in tal...

1 day ago - The Guardian

Mitsubishi Electric to Ship Samples of S1-Series HVIGBT Module

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will begin shipping samples of two new S1-Series High Voltage Insulated Gate Bipolar Transistor (HVIGBT) m...

1 day ago - Business Wire

Nissan’s mooted merger with Honda may be best answer to industry’s EV problem

Potential deal sounds more like a credible plan for crisis-hit carmaker as its troubled alliance with Renault hits a dead end Until recently, the plan at crisis-hit Nissan was to muddle through someho...

5 days ago - The Guardian

Nissan and Honda are said to be in talks to set up a holding company

Greg had the merger scuttlebutt talks overnight: Honda and Nissan to begin merger talks Updating now - Reuters reports the two are discussing setting up a holding company. More: Merger Talks: Nikkei r...

6 days ago - Forexlive

Mitsubishi Electric to Establish Heat Pump Compressor Factory in the U.S.

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will invest U.S.$ 143.5 million to retrofit a U.S.-based factory to make variable-speed compressors that ar...

11 days ago - Business Wire

Mitsubishi Electric Explores Power Chip Alliances in Japan

Mitsubishi Electric Corp. is in talks with domestic rivals about teaming up on power chips, its chief executive officer said, advocating Japanese alliances on the manufacture of a crucial component th...

11 days ago - BNN Bloomberg

Mitsubishi loses US$90 million in China in suspected fraud by copper trader, sources say

Mitsubishi dismissed Gong Huayong, a Shanghai-based copper trader at one of its China units, after finding that he had made unauthorised trades with local companies.

20 days ago - South China Morning Post

Three Papers from Mitsubishi Electric's Researchers Accepted to NeurIPS2024

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that three papers submitted by researchers at its Information Technology R&D Center (Kamakura City, Kanagawa Prefec...

21 days ago - Business Wire

Mitsubishi Electric, ME Innovation Fund Invests in Zenno Astronautics Ltd.

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in Zenno Astronautics Ltd., a New Zealand-based startup company that deve...

25 days ago - Business Wire

Japanese Car Makers Face Stiff Competition From China

China is doing the unthinkable and dethroning once dominant Japanese automakers, who are struggling to compete in China. China is the world's largest car market and domestic brands are dominating with...

25 days ago - OilPrice com

Mitsubishi Electric Develops Compact, High-energy Sub-nanosecond-pulse Deep-ultraviolet Laser System

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has developed, in collaboration with the Institute of Physical and Chemical Research (RIKEN) and the Insti...

4 weeks ago - Business Wire

Mitsubishi Electric's Power Device Works to Construct New Plant

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will invest approximately 10 billion yen to construct a new facility for the assembly and inspection of po...

4 weeks ago - Business Wire

Mitsubishi backs Ample’s radical approach to charging EV batteries

Startup Ample is on a mission to convert commercial fleets into believers in the power of electric vehicle battery swapping technology. The company has spent the last three years piloting its electric...

4 weeks ago - TechCrunch

Mitsubishi Electric to Ship Samples of SiC-MOSFET Bare Die for xEVs

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will begin shipping samples of a silicon carbide (SiC) metal-oxide-semiconductor field-effect transistor (...

6 weeks ago - Business Wire

Nissan (NSANY) Announces Global Job Cuts and Stake Reduction in Mitsubishi

Nissan (NSANY) Announces Global Job Cuts and Stake Reduction in Mitsubishi

6 weeks ago - GuruFocus

Nissan, Mitsubishi to Form Joint Venture for Autonomous Driving Services, EV Batteries

Nissan, Mitsubishi to Form Joint Venture for Autonomous Driving Services, EV Batteries

7 weeks ago - GuruFocus

Azad Engineering secures 700 cr Mitsubishi order

Azad Engineering Ltd has secured an ₹700 crore ($82.89 million) order from Mitsubishi Heavy Industries for supplying precision components for advanced power turbine engines over a five-year period. Th...

7 weeks ago - The Times of India

Wall Street Breakfast Podcast: Nissan, Mitsubishi To Form Robotaxi, EV Battery JV

Nissan, Mitsubishi to form JV for robotaxi, EV battery services. Stonepeak near deal to acquire Air Transport Services Group in $3.1B deal. Palantir Q3 Earnings Preview.

7 weeks ago - Seeking Alpha

Mitsubishi Motors Oman extends Buy Now and Pay Later promotion

This special offer will now be available for an additional month, providing exceptional value for customers looking to purchase a new Mitsubishi vehicle

7 weeks ago - Zawya

Nissan, Mitsubishi to form JV for robotaxi, EV battery services - report

Nissan and trading giant Mitsubishi will reportedly form a joint venture for services involving EVs and self-driving cars. Read more.

7 weeks ago - Seeking Alpha