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.

CYPRESS, Calif.--(BUSINESS WIRE)--Mitsubishi Electric US, Inc. recently launched a new Silicon Carbide (SiC) power module FMF400DY-24B. The 400A, 1200V Dual SiC MOSFET module includes an anti-parallel, low Vf, zero recovery loss, SiC SBD (Schottky Barrier Diode). The module packages new designs into a current industry standard footprint (62mm x 108mm) for medical power supplies and general industrial applications. Designed for Vgs(on)=15V, the module is compatible with standard IGBT gate driver

Mitsubishi Electric Expands Silicon Carbide Power Device Lineup With Industry Standard Package Dual Device

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in QunaSys, Inc., a leading Japanese startup that has gathered diverse research scientists to develop innovative algorithms that maximize the potential of quantum computing, including through applications that can be used without special expertise. QunaSys's active involvement in quantum-computing research and development includes management of the QPARC industry consor

Mitsubishi Electric's ME Innovation Fund Invests in QunaSys Startup

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today its consolidated financial results for fiscal 2022 (April 1, 2021 - March 31, 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:   4,476.7   billion yen   (7% increase compared to the previous fiscal year) Operating profit:   252.0   billion yen   (9% increase compared to the previous fi

Mitsubishi Electric Announces Consolidated Financial Results for Fiscal 2022

NORTHVILLE, Mich.--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) today debuted a new digital cockpit, Inca Jay, that showcases a suite of technologies for Advanced Driver Assistance Systems (ADAS), cabin safety and enhanced User Experience (UX), that will shape the future of connectivity and usability in vehicles. The Inca Jay cockpit is powered by the 3rd Generation Snapdragon® Cockpit Platform, which utilizes Green Hills Software's INTEGRITY® real-time operating system for pe

Mitsubishi Electric Unveils Inca Jay Digital Cockpit to Showcase Advanced Safety Technologies

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will begin shipping samples of its LV100-type T-series 2.0kV insulated-gate bipolar transistor (IGBT) Module for industrial use this May. The new power-semiconductor product is expected to downsize and reduce the power consumption of power-conversion equipment for use with renewable-energy sources. Also, the product will be exhibited at major trade shows, including Power Conversion Intelligent Motion (

Mitsubishi Electric to Ship Samples of LV100-type T-series 2.0kV IGBT Module for Industrial Use

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has developed a new airflow-control technology that both visualizes and analyzes airflow from air-conditioning systems and temperature distribution for optimized room-wide comfort. The technology predicts airflows and temperatures, which vary according to the room shape and air-conditioning system layout, to determine how to minimize uneven temperatures and discomfort due to excessively strong airflow.

Mitsubishi Electric Develops Airflow Visualization & Control Technology for Commercial Air-Conditioning Systems

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it formally agreed on March 23 to wholly acquire Sweden-based Motum AB, which operates an elevator and automatic door business mainly in Sweden. Through the acquisition, Mitsubishi Electric aims to strengthen its capabilities to service and modernize elevators and escalators in Sweden and other countries not limited to Europe. Motum, in addition to selling and installing new elevators, also has contracts f

Mitsubishi Electric Signs Share-transfer Agreement to Wholly Acquire Swedish Elevator Company Motum

WARRENDALE, Pa.--(BUSINESS WIRE)--Mitsubishi Electric Power Products, Inc. (MEPPI) today announced that the acquisition of Computer Protection Technology (CPT) has been completed. CPT is a leading critical power service and solutions provider in the southern California region. Financial terms of the transaction were not disclosed. Demand for critical power equipment and services escalates as businesses pursue digital initiatives employing mobile, edge computing, internet of things, and data ana

Mitsubishi Electric Power Products, Inc. Acquires Computer Protection Technology

WARRENDALE, Pa.--(BUSINESS WIRE)--Mitsubishi Electric is pleased to announce John Campion as its new General Manager for the Critical Power Solutions Division (CPSD) of Mitsubishi Electric Power Products Inc. (MEPPI). John will take over leadership of this division — formerly operating as the Uninterruptible Power Supplies Division — following the promotion of Tricia Breeger to President of MEPPI. The leadership change and name change will be effective April 1, 2022. John joined MEPPI as a Depu

Mitsubishi Electric Power Products, Inc. Welcomes New General Manager to its Critical Power Solutions Division

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will open the “Collaborative Engineering Center (China)” within its local subsidiary Mitsubishi Electric Automation (China) Ltd., and will start developing factory automation (FA) applications at the center from April 1. The new engineering center will strengthen the company's capabilities to quickly and flexibly respond to the diversifying needs of local customers through application development leadi

Mitsubishi Electric to Open Local Engineering Center in China

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has developed an artificial intelligence (AI) technology that identifies individuals captured with multiple surveillance cameras in one-tenth time of conventional AI, using special compression technology to eliminate extraneous data and thereby achieve highly efficient and accurate reidentification, tracking and searching that is relatively unaffected by changes in camera angles or poses of human subjec

Mitsubishi Electric Develops AI Technology for Fast, Accurate Reidentification, Tracking and Searching of Human Subjects

CYPRESS, Calif.--(BUSINESS WIRE)--The Elevator and Escalator Division of Mitsubishi Electric US, Inc., headquartered in Cypress, California, expands its footprint in Florida by opening a new branch in Miami. A vertical transportation supplier with a proven track record in the multifamily, retail, hospitality and commercial sectors, Mitsubishi Electric US is a natural fit for Miami, a city with the third tallest skyline in the United States. Miami is a city of world-class amenities, plentiful su

Mitsubishi Electric US, Inc. Accelerates Growth in Florida

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that on April 28 it will launch the “MELSOFT Gemini” 3D simulator, which will expedite the design and construction of production facilities by using digital space to simulate and verify envisioned production operations in a 3-dimentional environment. By connecting to a variety of software and factory devices, MELSOFT Gemini will visualize, simulate and help streamline manufacturing work processes ranging from

Mitsubishi Electric to Launch “MELSOFT Gemini” 3D Simulator

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has acquired 42,000 square meters of land in Owariasahi City, Aichi Prefecture, Japan to establish a new production site for the manufacture of factory automation (FA) control system products from April 2025. Demand from the manufacturing industry for FA products is expected to show a medium to long-term growth, particularly in digital sectors such as semiconductors, electronic components, and data cen

Mitsubishi Electric to Establish New Production Site for Factory Automation Control System Products

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today its dividend forecast for the current fiscal year ending March 31, 2022 (fiscal 2022). The company plans to pay a year-end dividend of 26 yen per share, as of the record date of March 31, 2022, with due consideration on performance and financial standing in fiscal 2022. The actual dividend will be declared at the Board of Directors meeting in May 2022. Dividend per share Interim dividend Year-end dividend Annu

Mitsubishi Electric Announces Dividend Policy for Fiscal 2022 (April 1, 2021 – March 31, 2022)

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has completed initial verification of the functions and performance of equipment aboard the QZS-1R satellite, which the company built and delivered to the Cabinet Office of Japan and is now in quasi-zenith orbit as the successor to the original Michibiki Quasi-Zenith Satellite (QZS-1). With Quasi-Zenith Satellite System Services Inc. also having completed testing of related ground systems, the Cabinet O

Mitsubishi Electric Completes Initial Verifications of QZS-1R, Successor to the Original Michibiki Quasi-Zenith Satellite

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that its U.S. subsidiary Mitsubishi Electric Power Products, Inc. (MEPPI) has received a contract from Holtec International (Holtec) to expedite the design engineering of the digital instrumentation and control systems (I&C) for Holtec's SMR-160 small modular reactor which is a next generation small reactor with superior safety and reliability levels, featuring a natural cooling ability in case of any accid

Mitsubishi Electric to Develop I&C System Design for Holtec International's SMR-160 Small Modular Reactor

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has developed an artificial intelligence (AI) technology that accurately forecasts demand for repair parts. Leveraging the company's Maisart®* AI, the technology is expected to help avoid over/under-supply of parts needed to service appliances and other equipment and thereby strengthen inventory management and parts availability as well as improve service quality. * Mitsubishi Electric's AI creates the

Mitsubishi Electric's New AI Forecasts Demand for Appliance Repair Parts

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has joined the Responsible Business Alliance (RBA), headquartered in Virginia, U.S., an alliance that promotes corporate social responsibility in global supply chains. The RBA is a nonprofit comprised of electronics, retail, auto and toy companies committed to supporting the rights and well-being of workers and communities worldwide affected by global supply chains. As a member of the RBA, Mitsubishi El

Mitsubishi Electric Joins the Responsible Business Alliance (RBA)

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will begin shipping samples of its 50Gbps distributed-feedback (DFB) laser diode for optical-fiber communication in fifth-generation (5G) mobile base stations on March 4. The new diode is fully compliant with all relevant optical-transceiver standards and achieves the industry's widest* operating temperature range for high-speed, large-capacity data transmission in 5G mobile networks. It will be on dis

Mitsubishi Electric to Ship Samples of 50Gbps DFB Laser Diode for 5G Mobile Base Stations

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today it has developed a teaching-less robot system technology to enable robots to perform tasks, such as sorting and arrangement as fast as humans without having to be taught by specialists. The system incorporates Mitsubishi Electric's Maisart®1 AI technologies including high-precision speech recognition, which allows operators to issue voice instructions to initiate work tasks and then fine-tune robot movements a

Mitsubishi Electric Develops Teaching-Less Robot System Technology

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its U.S. subsidiary Mitsubishi Electric Power Products, Inc. (MEPPI) has formally agreed to acquire all shares of Computer Protection Technology, Inc. (CPT), headquartered in San Diego, California, aiming to expand its uninterruptible power supply (UPS) business in North America. Going forward, MEPPI and CPT will strengthen their respective business structures to provide highly reliable and professional o

Mitsubishi Electric to Acquire U.S.-based Computer Protection Technology

WARRENDALE, Pa.--(BUSINESS WIRE)--Mitsubishi Electric Power Products, Inc., (MEPPI) today announced it has entered into an agreement to acquire Computer Protection Technology (CPT). CPT is a leading critical power service and solutions provider in the Southern California region. North American demand for critical power equipment and services is escalating rapidly as businesses pursue digital initiatives employing cloud, mobile, edge computing, internet of things, and big data analytics. Both ME

Mitsubishi Electric Power Products, Inc. Receives Contract to Develop Instrumentation & Controls Systems for Holtec International

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that on March 1 it will release two models of the “AZ600” wire-laser metal 3D printer, which melts welding wire with a laser beam to create high-quality 3D structures. Digital additive-manufacturing technology combined with simultaneous 5-axis spatial control and coordinated control of machining conditions, a world's first, delivers stable, high-quality 3D printing. Furthermore, it contributes to manufacturing

Mitsubishi Electric to Launch Digital Wire-laser Metal 3D Printer

CYPRESS, Calif.--(BUSINESS WIRE)--The Elevator and Escalator Division of Mitsubishi Electric US, Inc., headquartered in Cypress, California, has expanded the Diamond-Trac® product line of machine room-less elevator systems with space-saving options and enhanced user experiences. This product can be used in a wide range of building heights and Class-A applications Diamond-Trac elevators offer architects and interior designers more flexibility than ever with elevator design. Efficiently designed

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