Mitsubishi Electric Corporation (MIELY)
| Market Cap | 35.02B |
| Revenue (ttm) | 37.43B |
| Net Income (ttm) | 1.98B |
| Shares Out | n/a |
| EPS (ttm) | 0.95 |
| PE Ratio | 17.71 |
| Forward PE | n/a |
| Dividend | 0.26 (0.77%) |
| Ex-Dividend Date | Mar 28, 2024 |
| Volume | 8,172 |
| Open | 33.62 |
| Previous Close | 33.33 |
| Day's Range | 33.54 - 33.90 |
| 52-Week Range | 25.27 - 38.48 |
| 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]
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 StatementsNews
Honda, Nissan, and Mitsubishi Consider Strategic Merger Amid Declining Profits
Honda, Nissan, and Mitsubishi Consider Strategic Merger Amid Declining Profits
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.
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.
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...
Honda and Nissan share details of merger talks; Mitsubishi may also come aboard
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...
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...
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...
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...
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...
Mitsubishi Electric: ROE Expectations Are Unchanged Considering Recent Developments
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.
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...
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...
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...
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...
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...
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...
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 (...
Nissan (NSANY) Announces Global Job Cuts and Stake Reduction in Mitsubishi
Nissan (NSANY) Announces Global Job Cuts and Stake Reduction in Mitsubishi
Nissan, Mitsubishi to Form Joint Venture for Autonomous Driving Services, EV Batteries
Nissan, Mitsubishi to Form Joint Venture for Autonomous Driving Services, EV Batteries
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...
Wall Street Breakfast Podcast: Nissan, Mitsubishi To Form Robotaxi, EV Battery JV
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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
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.