Mitsubishi Electric Corp

Earnings data Q3 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 that it will begin shipping samples of its 100Gbps (53Gbaud) four-level pulse-amplitude modulation (PAM4) electro-absorption modulator (EML) laser diode chip for coarse wavelength division multiplexing (CWDM) on November 1. The semiconductor diode is expected to be applied in sets of four EML chips as a light source in optical transceivers for 400Gbps optical fiber communication in data centers. Thanks to the n

Mitsubishi Electric to Ship Samples of Wider-temperature-range CWDM 100Gbps (53Gbaud PAM4) EML Chip for Data Centers

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will transfer its building systems business and assets, including the manufacture and sales of elevators and escalators, to its wholly-owned subsidiary Mitsubishi Electric Building Techno-Service Co., Ltd. (MELTEC). The transfer will be achieved by means of an absorption-type company split (“Company Split”); certain information is accordingly being omitted from this announcement. 1. Purpose of Company

Mitsubishi Electric to Integrate Building Systems Business into Subsidiary via Company Split

Mitsubishi Electric Corporation (MIELF) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Mitsubishi Electric Corporation (MIELF) Upgraded to Strong Buy: Here's What You Should Know

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will launch on October 18 two new CV Series models of 3D CO2 laser processing systems for cutting carbon fiber reinforced plastics (CFRP), which are lightweight, high strength materials used in automobiles. The new models are equipped with CO2 laser oscillators that integrate the oscillator and amplifier into the same enclosure – a world-first based on the company's research as of October 14, 2021 – an

Mitsubishi Electric to Launch ‘CV Series' of 3D CO2 Laser Processing Systems for Cutting CFRP

Mitsubishi Electric (MIELF) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.

Why Mitsubishi Electric (MIELF) is Such a Great Value Stock Pick Right Now

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announces a transfer of Directors as of October 1, 2021 as detailed below. In addition, changes were made to an individual Executive Officer's division of duties and the organization, both effective October 1, 2021, based on resolutions passed during the extraordinary meeting of the Board of Directors. 1. Transfer of a Director (effective October 1, 2021) (1) Reason for the Transfer In light of the investigation into improper

Mitsubishi Electric Announces Transfer of a Director, Changes in Executive Officers' Division of Duties, and Organizational Reform

WARRENDALE, Pa.--(BUSINESS WIRE)--Mitsubishi Electric, an industry leader in high efficiency, reliable, economically viable, eco-sustainable IT Cooling solutions, is pleased to announce the establishment of a new line of cooling products earmarked specifically for the North American mission critical market. The new product line, known as CritiCool™, is available through the Uninterruptible Power Supplies (UPS) Division of Mitsubishi Electric Power Products, Inc. (MEPPI), headquartered in Warren

Mitsubishi Electric Introduces the CritiCool™ Product Line and the Launch of Its First Products

NEW YORK, Sept. 22, 2021 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Mitsubishi Electric Corporation (OTC: MIELY, MIELF) resulting from allegations that Mitsubishi Electric may have issued materially misleading business information to the investing public.

MIELY NOTICE: ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Mitsubishi Electric Corporation Investors with Losses to Inquire About Class Action Investigation - MIELY, MIELF

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today its dividend forecast for the first half (ending September 30, 2021) of the current fiscal year ending March 31, 2022 (fiscal 2022). The company plans to pay an interim dividend of 14 yen per share, as of the record date of September 30, 2021, with due consideration on performance and financial standing in the first half of fiscal 2022. The actual dividend will be declared at the Board of Directors' meeting whe

Mitsubishi Electric Announces Dividend Policy for the First Half of Fiscal 2022

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Mitsubishi To Contact Him Directly To Discuss Their OptionsNew York, New York--(Newsfile Corp. - September 14, 2021) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Mitsubishi Electric Corporation ("Mitsubishi" or the "Company") (OTC Pink: MIELF (OTC Pink: MIELY).If you suffered losses exceeding $50,000 investing in Mitsubishi American Depositary Shares ("ADS") and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may...

Mitsubishi Shareholder Alert

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Mitsubishi To Contact Him Directly To Discuss Their OptionsNew York, New York--(Newsfile Corp. - September 1, 2021) -  Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Mitsubishi Electric Corporation ("Mitsubishi" or the "Company") (OTC Pink: MIELF) (OTC Pink: MIELY).If you suffered losses exceeding $50,000 investing in Mitsubishi American Depositary Shares ("ADS") and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also...

Mitsubishi Investor Alert

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has fulfilled the major targets of its just-completed Environmental Vision 2021 that the company introduced in 2007. By achieving the targets of this vision, Mitsubishi Electric has contributed to the realization of a more sustainable, low-carbon world that emphasizes recycling and harmony with nature. The vision's guiding principles were to contribute to people and the earth through technological and o

Mitsubishi Electric Fulfills Major Targets of Environmental Vision 2021

WARRENDALE, Pa.--(BUSINESS WIRE)--Mitsubishi Electric Power Products, Inc. and Mitsubishi Electric Corporation announced the deal to acquire UK-based Smarter Grid Solutions has close

Mitsubishi Electric Closes on Deal to Acquire Smarter Grid Solutions

WARRENDALE, Pa.--(BUSINESS WIRE)--Mitsubishi Electric Corporation and Mitsubishi Electric Power Products, Inc. have an agreement to acquire UK-based Smarter Grid Solutions (SGS).

Mitsubishi Electric to Acquire Smarter Grid Solutions

CYPRESS, Calif.--(BUSINESS WIRE)--The Elevator and Escalator Division of Mitsubishi Electric US, Inc., headquartered in Cypress, California, is pleased to announce its expansion in Greater Boston. Due to growth in the area and new projects with WS Development in the Seaport neighborhood, the Elevator and Escalator Division is growing its Boston footprint and has also moved offices to Woburn, Massachusetts to better serve customers. Mitsubishi Electric was recently selected by WS Development, on

Mitsubishi Electric US, Inc. Expands in Boston Area

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today its consolidated financial results for the first quarter, ended June 30, 2021, of the current fiscal year ending March 31, 2022 (fiscal 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:   1,066.4   billion yen   (24% increase from the same period last year) Operating profit:   82.7   bi

Mitsubishi Electric Announces Consolidated Financial Results for the First Quarter of Fiscal 2022

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that in light of a series of issues in Mitsubishi Electric Group, namely the quality-related conduct disclosed on June 30 and July 2, 2021, pertaining to HVAC (Heating, Ventilation and Air Conditioning systems) for railcars, among others, Director, Representative Executive Officer, President & CEO Takeshi Sugiyama will resign as of July 28, 2021. In addition, at an extraordinary meeting of the Board of Dir

Mitsubishi Electric Announces Replacement of President & CEO, Changes to Representative Executive Officer and Executive Officer

New York, New York--(Newsfile Corp. - July 19, 2021) - WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Mitsubishi Electric Corporation (OTC Pink: MIELY) (OTC Pink: MIELF) resulting from allegations that Mitsubishi Electric may have issued materially misleading business information to the investing public.SO WHAT: If you purchased Mitsubishi Electric securities you may be entitled to compensation without payment of any out...

Rosen, Top Ranked Investor Counsel, Encourages Mitsubishi Electric Corporation Investors with Losses Exceeding $100K to Inquire About Class Action Investigation - MIELY, MIELF

NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Mitsubishi Electric Corporation (Other OTC: MIELY) on behalf of Mitsubishi Electric stockholders. Our investigation concerns whether Mitsubishi Electric has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On June 30, 2021, a Japanese newspaper, The Asahi Shimbu

MITSUBISHI ELECTRIC ALERT: Bragar Eagel & Squire, P.C. Is Investigating Mitsubishi Electric Corporation on Behalf of Mitsubishi Stockholders and Encourages Investors to Contact the Firm

NEW YORK, July 13, 2021 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Mitsubishi Electric Corporation (OTC: MIELY, MIELF) resulting from allegations that Mitsubishi Electric may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Mitsubishi Electric securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

MIELY INVESTOR NOTICE: ROSEN, A LEADING, LONGSTANDING, AND TOP RANKED LAW FIRM, Encourages Mitsubishi Electric Corporation Investors with Losses to Inquire About Class Action Investigation - MIELY, MIELF

New York, New York--(Newsfile Corp. - July 10, 2021) - WHY: Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Mitsubishi Electric Corporation (OTC Pink: MIELY, MIELF) resulting from allegations that Mitsubishi Electric may have issued materially misleading business information to the investing public.SO WHAT: If you purchased Mitsubishi Electric securities you may be entitled to compensation without payment of any out...

Rosen, a Global and Leading Law Firm, Encourages Mitsubishi Electric Corporation Investors with Losses in Excess of $100K to Inquire About Class Action Investigation - MIELY, MIELF

SAN DIEGO, July 9, 2021 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against Mitsubishi Electric Corporation ("Mitsubishi Electric" or the "Company") (OTC: MIELY) for violations of federal securities laws. On June 30, 2021, The Asahi Shimbun, published an article entitled "Mitsubishi Electric faked train test data likely for decades.

MIELY Alert: Johnson Fistel Launches Investigation into Mitsubishi Electric - Investors Suffering Losses Encouraged to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)---- $MIELY #CLASSACTION--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Mitsubishi Electric Corporation (“Mitsubishi” or the “Company”) (OTC: MIELY, MIELF) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Mitsubishi investments or would like to inquire about potentially pursuing claims to recover your loss under t

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Mitsubishi Electric Corporation (MIELY, MIELF) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)---- $MIELF #CLASSACTION--Law Offices of Howard G. Smith announces an investigation on behalf of Mitsubishi Electric Corporation (“Mitsubishi” or the “Company”) (OTC: MIELY, MIELF) investors concerning the Company's possible violations of federal securities laws. On June 30, 2021, The Asahi Shimbun, a Japanese newspaper, published an article entitled “Mitsubishi Electric faked train test data likely for decades” which reported that the Company “admitt[ed] that it has faked testing data wh

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Mitsubishi Electric Corporation (MIELY, MIELF) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)---- $MIELY #investors--The Law Offices of Frank R. Cruz Announces Investigation of Mitsubishi Electric Corporation (MIELY) on Behalf of Investors

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