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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Mitsubishi Electric Corporation    6503   JP3902400005

MITSUBISHI ELECTRIC CORPORATION

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Mitsubishi Electric : to Invest in EKE-Electronics Ltd. in Finland

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06/01/2020 | 10:11pm EDT

Aiming to enhance train information systems business in overseas market

Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has acquired a 34% share in EKE-Electronics Ltd., a Finnish manufacturer of train information systems. The company aims to strengthen product competitiveness of train control and management system (TCMS) and to establish technology of support system for condition-based maintenance (CBM). This capital alliance will allow Mitsubishi Electric to drive business collaboration with EKE-Electronics in order to enhance its train information systems business in overseas market.

Today, there are growing needs in the railway industry for improved customer services, faster responses to operation troubles, more efficient maintenance activities enabled by IoT and analytic technology that collects and analyzes various big data from the trains in operation. In the worldwide railway market, including Europe, the world’s largest market, the railway system is expected to be enhanced by utilizing digital technology, which may consequently further increase the value of the information-based equipment.

EKE-Electronics is known for production, sales and after-sales of the train information systems and its peripherals over 30 years with many supply records in Europe as well as in Asia and Oceania. By investing in EKE-Electronics, Mitsubishi Electric aims to not only strengthen competitiveness of its train information system (TCMS and remote condition monitoring system which utilizes TCMS), but also establish technology of the CBM support system for railcar. Furthermore, by leveraging the two companies’ sales channels as well as know-how, Mitsubishi Electric aims to grow its train information systems business in overseas market.

For the full text, please visit: www.MitsubishiElectric.com/news/


© Business Wire 2020
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Financials
Sales 2021 4 149 B 38 679 M 38 679 M
Net income 2021 117 B 1 091 M 1 091 M
Net cash 2021 267 B 2 493 M 2 493 M
P/E ratio 2021 25,1x
Yield 2021 2,62%
Capitalization 2 956 B 27 567 M 27 558 M
EV / Sales 2020
EV / Sales 2021 0,65x
Nbr of Employees 146 518
Free-Float 94,2%
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Number of Analysts 16
Average target price 1 705,00 JPY
Last Close Price 1 378,00 JPY
Spread / Highest target 67,6%
Spread / Average Target 23,7%
Spread / Lowest Target -2,03%
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Takeshi Sugiyama President, CEO & Director
Masaki Sakuyama Chairman
Tadashi Kawagoishi Director & Head-Accounting
Akihiro Matsuyama Director
Mitoji Yabunaka Independent Outside Director
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