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 the company has developed an artificial intelligence (AI) technology that uses data on a tsunami's velocity detected by radar to forecast water inundation depths1 in surrounding inland areas, working in collaboration with the Society for the Promotion of Construction Engineering of the General Incorporated Foundation. The AI incorporates Mitsubishi Electric's Maisart®2 AI technology to generate highly accu

Mitsubishi Electric Develops Radar-Based Tsunami-flooding Prediction AI

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today its consolidated financial results for the first 9 months and third quarter, ended December 31, 2020, of the current fiscal year ending March 31, 2021 (fiscal 2021). The full document on Mitsubishi Electric's financial results can be viewed at the following link: www.MitsubishiElectric.com/news 1. Consolidated First 9 Months Results (April 1, 2020 – December 31, 2020) Revenue: 2,940.6 billion yen (10% decrease

Mitsubishi Electric Announces Consolidated Financial Results for the First 9 Months and Third Quarter of Fiscal 2021

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 Northern California, opening a second office in the region in downtown San Francisco. Widely regarded as the nation's leading tech-hub, San Francisco ranked 18th on Forbes' list of Best Places for Business and Careers in 2019 and in 2020 it attracted the most U.S. venture dollars of any major U.S. city. The city conti

Mitsubishi Electric US, Inc. Opens New Office In San Francisco

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) and Tokyo Institute of Technology (Tokyo Tech) announced today their joint development of an original blockchain technology that can optimize peer-to-peer (P2P) energy trading. The technology is expected to contribute to more effective use of surplus electricity from renewable energy by creating trading environments that flexibly respond to shared trading needs, particularly to maximize the amount of surplus electricity avail

Mitsubishi Electric and Tokyo Tech Develop Blockchain Technology to Optimize P2P Energy Trading

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that on the occasion of its 100th anniversary this February 1, it has revised its corporate philosophy system to update the Group's reason for existence as well as the core values and attitude that all employees are asked to embrace and cherish in serving customers and society as a whole. Mitsubishi Electric, which is profoundly grateful to many stakeholders who have supported the Group over the decades, inclu

Mitsubishi Electric Revises Corporate Philosophy System as it Celebrates 100th Anniversary

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today the coming launch of two new HV100 dual type X-Series HVIGBT modules for higher power, efficiency and reliability in inverter systems for large industrial equipment such as railways and electric power systems. The modules achieve industry-leading* dual type 600A current ratings with 10kVrms isolation voltage, believed to be unmatched among silicon HVIGBT modules rated at 3.3kV. Sample shipments will start in A

Mitsubishi Electric to Launch HV100 Dual Type X-Series HVIGBT Modules

CYPRESS, Calif.--(BUSINESS WIRE)--The Elevator and Escalator Division of Mitsubishi Electric US, Inc., headquartered in Cypress, California, is pleased to introduce ReadyConnect™, a network communication protocol gateway that allows for connectivity between multiple building systems. ReadyConnect is a network communication device that allows Mitsubishi Electric Diamond Trac® and Diamond HS™ elevator systems to communicate and connect with other building systems, acting as an interpreter. Histor

Mitsubishi Electric US, Inc. Reimagines Elevator System Connectivity

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has been officially qualified as a supplier of communications-based train control (CBTC) systems by the Metropolitan Transportation Authority's (MTA) New York City Transit (NYCT) after successfully testing and verifying the interoperability of the company's solution with NYCT's existing CBTC systems. NYCT plans to install CBTC systems on subway lines by collaborating with multiple CBTC suppliers. Mitsu

Mitsubishi Electric Qualified as CBTC Supplier by New York City Transit

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has found a part of its car audio products manufactured at Sanda Works, Sanda city, Hyogo Prefecture, Japan and at Mitsubishi Electric Thai Auto-Parts Co., Ltd, Rayong Province, Thailand, has been shipped to the EU market with specifications which do not comply with the European Radio Equipment Directive (RED). Although these products may cause noise when receiving AM radio in Europe, Mitsubishi Electr

Information Concerning Mitsubishi Electric's Car Audio for the European Union Market

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today the coming launch of a new series of silicon-carbide metal-oxide-semiconductor field-effect transistors (MOSFETs), the N-series of 1200V SiC-MOSFETs in a TO-247-4 package,1 which achieves 30% less switching loss compared to the existing TO-247-3 package2 products. The new series will help to reduce the power consumption and physical size of power-supply systems requiring high-voltage conversion, such as electr

Mitsubishi Electric to Launch 4-terminal N-series 1200V SIC-MOSFETs

WASHINGTON--(BUSINESS WIRE)-- #DisabilityAwareness--Mitsubishi Electric employees mobilized with colleagues, friends and family to volunteer in celebration of corporate foundation's 30th anniversary.

Mitsubishi Electric America Foundation Volunteers Mobilize to Make a Difference in Honor of 30th Anniversary

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today its consolidated financial results for the first half and second quarter, ended September 30, 2020, of the current fiscal year ending March 31, 2021 (fiscal 2021). The full document on Mitsubishi Electric's financial results can be viewed at the following link: www.MitsubishiElectric.com/news 1. Consolidated Half-year Results (April 1, 2020 – September 30, 2020) Revenue: 1,902.0 billion yen (13% decrease from t

Mitsubishi Electric Announces Consolidated Financial Results for the First Half and Second Quarter of Fiscal 2021

CYPRESS, Calif.--(BUSINESS WIRE)--The Elevator and Escalator Division of Mitsubishi Electric US, Inc. (Mitsubishi Electric), headquartered in Cypress, California, is thrilled to celebrate its 35th anniversary. Defined by the phrase Quality in Motion™, Mitsubishi Electric sets the world's highest standards in elevator and escalator innovation, efficiency, safety and comfort. Mitsubishi Electric US, Inc. Elevator and Escalator Division serves the vertical transportation needs of buildings of all

Mitsubishi Electric US, Inc. Elevator and Escalator Division Celebrates 35th Anniversary

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that the company's new EcoAdviser data-analysis and diagnostic software (MES3-EAP1-AI) for increased energy savings at manufacturing facilities will be released on October 26. The innovative new software uses Mitsubishi Electric's Maisart®*-branded artificial-intelligence (AI) technology for highly effective energy-saving functions, such as identifying energy losses, diagnosing potential energy-loss factors an

Mitsubishi Electric to Launch “EcoAdviser” AI-enabled Energy Software

CYPRESS, Calif.--(BUSINESS WIRE)--The Elevator & Escalator Division of Mitsubishi Electric US, Inc., headquartered in Cypress, California, introduces its new elevator design support tool, Mitsubishi Electric Cab Designer. Accessible at MitsubishiCabDesigner.com, the tool allows users to virtually design elevator cabs by generating mockups of passenger, service and glass observation elevators with available options from Mitsubishi Electric. Various components and finishes — such as cab walls

Mitsubishi Electric US, Inc. Unveils Collaborative Cab Designer

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that construction of its SUSTIE net zero-energy building (ZEB) test facility located on the premises of the company’s Information Technology R&D Center in Kamakura, Japan, will be completed on October 14. In line with the company’s support for Sustainable Development Goals (SDGs), the facility will facilitate accelerated development and testing of increasingly common ZEB-compliant energy-conservation techn

Mitsubishi Electric’s Net Zero Energy Building Test Facility to Be Completed on Oct. 14

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it surpassed an historic milestone with the production of its 500,000th elevator/escalator unit in Japan in September. The company has been developing and producing elevators and escalators for 85 years, since launching integrated production at its Kobe Works in Hyogo Prefecture in 1935. Since establishing its Inazawa Works as a dedicated elevator and escalator plant in Aichi Prefecture in 1964, Mitsubishi

Mitsubishi Electric Produces 500,000th Elevator/Escalator Unit in Japan

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will present a variety of technologies for realizing a more sustainable world and adapting to the new normal at CEATEC 2020 ONLINE from October 20 to 23. The exhibition, comprising primarily video content, will present selected technologies from the electronics manufacturer in four basic areas: life, industry, infrastructure and mobility. Simultaneously, more detailed features of the exhibits will be ma

Mitsubishi Electric Exhibits at CEATEC 2020 ONLINE to Focus on Sustainability and Adapting to New Normal

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today its dividend forecast for the first half (ending September 30, 2020) of the current fiscal year ending March 31, 2021 (fiscal 2021). The company plans to pay an interim dividend of 10 yen per share, as of the record date of September 30, 2020, with due consideration on performance and financial standing in the first half of fiscal 2021. The actual dividend will be declared at the Board of Directors’ meeting whe

Mitsubishi Electric Announces Dividend Policy for the First Half of Fiscal 2021

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will establish the Philippine FA Center in Manila on the premises of its local subsidiary, MELCO Factory Automation Philippines Inc. The new facility, which is scheduled to start operating on October 1, will strengthen servicing of Mitsubishi Electric factory automation (FA) products in the Philippines and thereby facilitate expansion of the company’s local business in FA systems.

Mitsubishi Electric to Establish FA Products Service Center in Philippines

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has been awarded a contract from Indian train builder BEML Limited to supply propulsion equipment for 80 new cars of Delhi Metro. With the order, Mitsubishi Electric has now sold propulsion equipment for more than 3,000 railcars in India’s metro markets.

Mitsubishi Electric Receives Propulsion Equipment Order for Delhi Metro

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will makes changes to an individual executive officer’s duties and the organization, both effective October 1, 2020, based on resolutions passed during a general meeting of the Board of Directors. 1. Change in Executive Officer’s Duties (effective October 1, 2020) The below shows the executive officer’s new duties as of October 1, 2020 followed by his current duties (in parentheses) as of today.

Mitsubishi Electric to Change Executive Officer’s Duties and Organization

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that the Guangzhou Intellectual Property Court has upheld an earlier ruling in Mitsubishi Electric’s favor regarding infringement of the company’s trademarks by Guangzhou Lingye Automation Equipment, Guangzhou Longyan Automation Technology, Guangzhou Ouye Automation Technology and their owners located in Guangzhou, Guangdong Province, China. The defendants manufactured and sold a large quantity of dead copy pro

Mitsubishi Electric Wins Trademark Infringement Lawsuit Against Factory-automation Product Counterfeiters in China

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today its coming launch of second-generation full-SiC (silicon carbide) power modules featuring a newly developed SiC chip for industrial use. The low power loss characteristics and high carrier frequency operation1 of the SiC-MOSFET (metal oxide semiconductor field-effect transistor) and SiC-SBD (schottky barrier diode) chips in the modules are expected to facilitate the development of more efficient, smaller and li

Mitsubishi Electric to Launch Second-generation Full-SiC Power Modules for Industrial Use

OAKLAND, Calif., Sept. 8, 2020 /PRNewswire/ -- Four elevator mechanics filed a lawsuit against Mitsubishi Electric US, Inc.

A Noose, Lynching Jokes and Endless Racial Slurs:  Black Elevator Mechanics and California Civil Rights Law Group File Lawsuit against Mitsubishi Electric

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