Mitsubishi Electric Corporation (MIELY)

OTCMKTS · Delayed Price · Currency is USD
35.49
+0.03 (0.08%)
Dec 4, 2024, 4:00 PM EST
26.61%
Market Cap 36.65B
Revenue (ttm) 37.43B
Net Income (ttm) 1.98B
Shares Out n/a
EPS (ttm) 0.95
PE Ratio 18.53
Forward PE n/a
Dividend 0.26 (0.73%)
Ex-Dividend Date Mar 28, 2024
Volume 49,700
Open 34.60
Previous Close 35.46
Day's Range 34.60 - 35.83
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]

Sector Industrials
Founded 1921
Employees 149,134
Stock Exchange OTCMKTS
Ticker Symbol MIELY
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

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...

2 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...

6 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...

6 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...

9 days 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...

15 days 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...

15 days 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 (...

23 days 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

4 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

4 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...

4 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.

4 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

4 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.

4 weeks ago - Seeking Alpha

Azad Engineering bags Rs 700 crore order from Japanese giant Mitsubishi

Hyderabad-based Azad Engineering Ltd wins a $82.89 million contract from Japan’s Mitsubishi Heavy Industries Ltd to supply complex airfoils for advanced gas and thermal power turbine engines over five...

4 weeks ago - The Times of India

Mitsubishi and Nissan to Form Joint Venture for Autonomous and EV Battery Services

Mitsubishi and Nissan to Form Joint Venture for Autonomous and EV Battery Services

4 weeks ago - GuruFocus

Mitsubishi Electric reports 1H results

Mitsubishi Electric reports a 1H operating profit of ¥176.6B and revenue of ¥2.64T, showing a 3.9% increase year over year.

5 weeks ago - Seeking Alpha

Mitsubishi Electric Announces Consolidated Financial Results for the Second Quarter (First Half) of Fiscal 2025

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today its consolidated financial results for the second quarter (first half), ended September 30, 2024, of the current f...

5 weeks ago - Business Wire

Mitsubishi Electric Announces Dividend for the First Half of Fiscal 2025 (April 1, 2024 – September 30, 2024) and Dividend Forecast for Fiscal 2025 (April 1, 2024 – March 31, 2025)

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that the Board of Directors has resolved to pay an interim dividend of 20 yen per share for the first half of fisc...

5 weeks ago - Business Wire

Mitsubishi Electric to Strengthen Production Facilities for Energy System Business in U.S. and Japan

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its U.S. subsidiary Mitsubishi Electric Power Products, Inc., headquartered in Pittsburgh, Pennsylvania, will...

5 weeks ago - Business Wire

Mitsubishi Electric Power Products Inc. to Build a Manufacturing Factory in Western Pennsylvania as Part of an $86 Million Investment in Advanced Switchgear and Power Electronics in North America

WARRENDALE, Pa.--(BUSINESS WIRE)--Mitsubishi Electric Power Products, Inc. (“MEPPI”), in collaboration with its parent company Mitsubishi Electric Corporation (“MELCO”) in Japan, announced an $86 mill...

5 weeks ago - Business Wire

Mitsubishi Electric to Launch 80×60-pixel Thermal-diode Infrared Sensor with More Than Double the Field of View of Existing Sensors

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today the upcoming launch of a new MelDIR-brand 80×60-pixel thermal-diode infrared sensor (MIR8060C1) with a 100°×73° fi...

6 weeks ago - Business Wire

Ayala Says Mitsubishi Ties Can Extend to Health, Infrastructure

Philippine conglomerate Ayala Corp. may expand its partnership with Mitsubishi Corp. into healthcare, infrastructure and property after the Japanese firm’s investment into Ayala’s fintech arm, its CEO...

6 weeks ago - BNN Bloomberg

Mitsubishi Electric, ME Innovation Fund Invests in Formic Technologies Inc.

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in Formic Technologies Inc., a U.S.-based startup company that designs, d...

6 weeks ago - Business Wire

Mitsubishi Buys Into Top Philippine Fintech For $319 Million

Mitsubishi Corp. will pay 18.4 billion pesos ($319 million) to buy half of a Philippine company that owns a stake in the nation’s biggest fintech platform GCash.

6 weeks ago - Financial Post