Stock MIELY MITSUBISHI ELECTRIC CORPORATION
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Company Mitsubishi Electric Corporation OTC Markets

Equities

MIELY

US6067762012

Consumer Goods Conglomerates

Market Closed - OTC Markets
Other stock markets
 03:51:16 2024-07-09 pm EDT 		5-day change 1st Jan Change
33.92 USD -0.32% Intraday chart for Mitsubishi Electric Corporation +4.40% +20.45%
Jul. 05 Jefferies Notes Mitsubishi Electric's Significant Restructuring Progress MT
Jul. 03 Cartken, Inc. announced that it has received $10 million in funding from a group of investors CI

Business Summary

Mitsubishi Electric Corporation is one of the world's leading manufacturers of electric and electronic equipment. Net sales (including intragroup) break down by family of products and by services as follows:

- industrial automation equipment (28.6%): programmable controllers, motor operators, counters, industrial robots, clutches, etc.;

- electric equipment (24.2%): generators, motors, transformers, power circuit breakers, testing systems, etc.;

- household appliances (22.4%): televisions, video recorders, air conditioners, refrigerators, lamps, vacuum cleaners, etc.;

- information and communication equipment (6.9%): mobile phones, satellites, aerials, medical and audiovisual equipment, servers, computers, etc.;

- electronic components and devices (4.7%): memory, logic integrated circuits, monitors, plasma screens, printed circuit cards, etc.;

- other (13.2%): financial services, real estate management, engineering and maintenance services, etc.

Net sales break down geographically as follows: Japan (52.1%), Asia (24.9%), Europe (11.1%), North America (10.3%) and other (1.6%).

Number of employees: 149,134

Sales per Business

JPY in Million2023Weight2024Weight Delta
Life
38.7 %
1,928,001 38.5 % 2,035,012 38.7 % +5.55%
Industrial Mobility
32.2 %
1,643,445 32.8 % 1,695,417 32.2 % +3.16%
Infrastructure
19.5 %
960,915 19.2 % 1,024,300 19.5 % +6.60%
Semiconductor Devices
4.9 %
- - 258,824 4.9 % -
Others
3.1 %
161,304 3.2 % 162,155 3.1 % +0.53%
Business Platform
1.6 %
310,029 6.2 % 82,206 1.6 % -73.48%

Sales per region

JPY in Million2023Weight2024Weight Delta
Japan
48.7 %
2,467,030 49.3 % 2,559,465 48.7 % +3.75%
Europe
13.9 %
607,812 12.1 % 733,092 13.9 % +20.61%
Asia
12.3 %
635,244 12.7 % 644,688 12.3 % +1.49%
United States
11.1 %
523,811 10.5 % 581,779 11.1 % +11.07%
China
10.1 %
583,659 11.7 % 532,393 10.1 % -8.78%
North America
2.2 %
101,751 2.0 % 115,243 2.2 % +13.26%
Others
1.7 %
84,387 1.7 % 91,254 1.7 % +8.14%

Managers

Managers TitleAgeSince
Kei Uruma CEO
 Chief Executive Officer 65 82-03-31
Kuniaki Masuda DFI
 Director of Finance/CFO - -
Eiichiro Mitani CTO
 Chief Tech/Sci/R&D Officer - -
Jun Nagasawa BRD
 Director/Board Member - -
Masahiko Sagawa BRD
 Director/Board Member 66 82-03-31
Takashi Sakamoto BRD
 Director/Board Member 66 81-03-31
Yoshinobu Yoshinaga IRC
 Investor Relations Contact - -
Kunihiko Seki IRO
 Public Communications Contact 60 15-03-31
Osamu Sugimoto PRN
 Corporate Officer/Principal 56 18-03-31
Ichiro Miyagi PRN
 Corporate Officer/Principal 57 90-03-31

Members of the board

Members of the board TitleAgeSince
Takashi Oyamada BRD
 Director/Board Member 68 19-05-31
Tatsuro Kosaka BRD
 Director/Board Member 71 -
Hiroyuki Yanagi BRD
 Director/Board Member 69 -
Kazunori Watanabe BRD
 Director/Board Member 73 15-05-31
Mitoji Yabunaka CHM
 Chairman 76 12-05-31
Masahiko Sagawa BRD
 Director/Board Member 66 82-03-31
Hiroshi Obayashi BRD
 Director/Board Member 77 13-05-31
Kei Uruma CEO
 Chief Executive Officer 65 82-03-31
Takashi Sakamoto BRD
 Director/Board Member 66 81-03-31
Jun Nagasawa BRD
 Director/Board Member - -

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 0 2,113,201,551 1,968,440,269 ( 93.15 %) 58,928,148 ( 2.789 %) 93.15 %

Shareholders

NameEquities%Valuation
Meiji Yasuda Life Insurance Co.
3.874 %
81,862,000 3.874 % 1 307 M $
Dodge & Cox
3.675 %
77,663,600 3.675 % 1 240 M $
Mitsubishi Electric Group Employees Shareholding Union
2.134 %
45,089,000 2.134 % 720 M $
Nippon Life Insurance Co.
1.720 %
36,339,000 1.720 % 580 M $
MITSUBISHI ELECTRIC CORPORATION
1.174 %
24,809,310 1.174 % 396 M $
MFS International (UK) Ltd.
1.071 %
22,628,100 1.071 % 361 M $
Mitsubishi UFJ Asset Management Co., Ltd.
0.8873 %
18,750,600 0.8873 % 299 M $
MFS International Singapore Pte Ltd.
0.6367 %
13,455,500 0.6367 % 215 M $
Mitsubishi Corp. Trust
0.5679 %
12,000,000 0.5679 % 192 M $
MITSUBISHI UFJ FINANCIAL GROUP, INC
0.5115 %
10,808,385 0.5115 % 173 M $
NameEquities%Valuation
Boston Common Asset Management LLC
0.004160 %
43,950 0.004160 % 1 M $
MAI Capital Management LLC
0.001533 %
16,198 0.001533 % 517 073 $
RhumbLine Advisers LP
0.000637 %
6,729 0.000637 % 214 803 $
GAMMA Investing LLC
0.000365 %
3,856 0.000365 % 123 091 $
Operose Advisors LLC
0.000036 %
379 0.000036 % 12 098 $
First Horizon Advisors, Inc.
0.000023 %
245 0.000023 % 7 821 $
PNC Investments LLC
0.000022 %
228 0.000022 % 7 278 $

Holdings

NameEquities%Valuation
SHIHLIN ELECTRIC & ENGINEERING CORP.
21.16%
 110,242,966 21.16% 1,007,568,895 $
RENESAS ELECTRONICS CORPORATION
2.71%
 50,706,885 2.71% 948,508,286 $
MITSUBISHI ELECTRIC CORPORATION
1.17%
 24,809,310 1.17% 395,983,382 $
SUZUKI MOTOR CORPORATION
0.84%
 16,420,000 0.84% 188,943,298 $
RYODEN CORPORATION
33.98%
 7,755,000 33.98% 133,299,609 $
CENTRAL JAPAN RAILWAY COMPANY
0.37%
 3,850,000 0.37% 83,122,270 $
KANG YONG ELECTRIC
45.34%
 8,978,020 45.34% 82,446,863 $
SHIN-ETSU CHEMICAL CO., LTD.
0.10%
 2,030,000 0.10% 78,721,492 $
KANADEN CORPORATION
20.00%
 4,720,000 20.00% 49,647,131 $
TACHIBANA ELETECH CO., LTD.
7.68%
 1,921,000 7.68% 36,542,703 $

Company contact information

Mitsubishi Electric Corp.

Tokyo Building 2-7-3 Marunouchi

100-8310, Tokyo

+81 3 3218 2111

http://www.mitsubishielectric.co.jp
address Mitsubishi Electric Corporation(MIELY)

Group companies

NameCategory and Sector
Mitsubishi Electric Finance Europe Plc
Finance/Rental/Leasing
Mitsubishi Electric Sales Canada, Inc.
Logo Mitsubishi Electric Sales Canada, Inc.

Mitsubishi Electric Sales Canada, Inc.

Wholesale DistributorsDistribution Services

Mitsubishi Electric Sales Canada, Inc. markets commercial, industrial and consumer electronics products. It offers air conditioning and heating systems, energy recovery and fresh air ventilators, solar products, hand dryers, digital signage displays, digital imaging printers, display wall systems, and diamond vision displays for indoor and outdoor applications. The company was founded in 1979 and is headquartered in Markham, Canada.

Wholesale Distributors
Mitsubishi Electric India Pvt Ltd.
Logo Mitsubishi Electric India Pvt Ltd.

Mitsubishi Electric India Pvt Ltd.

Electrical ProductsProducer Manufacturing

Part of Mitsubishi Electric Corp., Mitsubishi Electric India Pvt Ltd. is an electrical and electronic equipment company based in Gurugram, IN. Founded in 2010, the company offers a wide range of products and solutions for air conditioners, factory automation, CNC, semiconductors, and railway products. The company's high technical capabilities create comfortable living spaces by making the room cool down quickly even in tropical regions. The Indian company's premium installation and Japanese standard installation through authorized service partners ensure low-cost of ownership, durability, and product performance.

Electrical Products
ASTES4 SA
Logo ASTES4 SA

ASTES4 SA

Industrial MachineryProducer Manufacturing

ASTES4 SA engages in the provision of flexible automated sorting solutions. It offers Astes4sort, Astes4compo, Astes4heavy, and Astes4core. The company was founded in October 2013 and is headquartered in Balerna, Switzerland.

Industrial Machinery
Climaveneta Climate Technologies Pvt Ltd.
Mitsubishi Electric Europe BV
Logo Mitsubishi Electric Europe BV

Mitsubishi Electric Europe BV

Electronic Equipment/InstrumentsElectronic Technology

Part of Mitsubishi Electric Corp., Mitsubishi Electric Europe BV is a Dutch company that manufactures and wholesales electrical & electronic products and systems. The company is based in Schiphol-Rijk, the Netherlands. The company was founded in 1996. The CEO is Kei Uruma.

Electronic Equipment/Instruments

Sector

Consumer Non-Cyclicals
Consumer Goods Conglomerates
Consumer Goods Conglomerates
Consumer Goods Conglomerates
Consumer Goods Conglomerates

Sales per Business

Sales per region

Ratings for Mitsubishi Electric Corporation

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
2,740 JPY
Average target price
2,897 JPY
Spread / Average Target
+5.70%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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