Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Mitsubishi Corporation
  6. News
  7. Summary
    8058   JP3898400001

MITSUBISHI CORPORATION

(8058)
  Report
Delayed Japan Exchange  -  02:00 2022-10-04 am EDT
4241.00 JPY   +4.82%
02:38aJapan's Nikkei jumps 3% on Wall Street strength, bargain-buying
RE
10/03Itochu Corp. Shares Rise Sharply After Guidance Upgrade, Buyback Plan
DJ
10/03Japan's Nikkei hits near 2-week high on Wall Street's strong finish
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Mitsubishi Corp : Mitsubishi Corporation to Develop Mega Solar Projects in Iwaki, Fukushima

01/27/2013 | 08:14pm EDT

Mitsubishi Corporation (MC) is pleased to announce plans for the construction of a new solar power plant* in Iwaki City, Fukushima. The largest of its kind in the Tohoku region, the 12,000-kilowatt facility is expected to start operating from mid-2014. The project forms part of MC's overall strategic focus of developing its business in the renewable energies sector.

Known as one of the foremost industrial areas in the region and as well for being a major sightseeing area, Iwaki receives the highest amount of sunlight annually within Tohoku. MC is developing the mega solar project with full support from Nippon Kasei, as well as cooperation from the Fukushima Prefecture and Iwaki City governments. MC is simultaneously developing a 6,000-kilowatt mega solar project at the site of Onahama Petroleum Co., Ltd, a joint venture between MC and Tepco in Iwaki. Together, the two projects will constitute 18,000 kilowatts of solar power generation in total at Onahama.

MC will continue to cooperate with local governments and business partners to develop significant renewable energy businesses domestically along the lines of 'local energy production for local energy consumption'. This will help to raise Japan's energy self-sufficiency rate while at the same time nurture new industries, create employment and contribute to the overall revitalization of local communities. Projects of this nature also form a part of larger initiatives to combat global warming. Based on this policy, and including other planned mega solar power generation projects, MC is engaged in the production of some 130,000 kilowatts of power in total across the country, and is aiming to expand that capacity to 200,000 kilowatts by 2020.

*The solar plant will be located on the premises of the Onahama site, which is owned by Nippon Kasei Chemical Company Limited (Nippon Kasei), a joint investment company between MC and Mitsubishi Chemical Corporation.

[ Reference ]


© Publicnow 2013
All news about MITSUBISHI CORPORATION
02:38aJapan's Nikkei jumps 3% on Wall Street strength, bargain-buying
RE
10/03Itochu Corp. Shares Rise Sharply After Guidance Upgrade, Buyback Plan
DJ
10/03Japan's Nikkei hits near 2-week high on Wall Street's strong finish
RE
10/03Neste, Idemitsu Kosan, CHIMEI Corporation and Mitsubishi Corporation join forces to cre..
AQ
10/03Japan firms eye ammonia, methanol projects in Canada, Alberta minister says
RE
09/30Japan selects 'promotion areas' for offshore wind farms
RE
09/29MITSUBISHI CORPORATION : Ex-dividend day for interim dividend
FA
09/28Mitsubishi to team up with Corpus Christi port authority on U.S. ammonia plant
RE
09/26Entergy Louisiana, Entergy New Orleans and Diamond Offshore Wind seek to evaluate offsh..
AQ
09/21BHP coal mine workers in Australian state set to vote on industrial action
RE
More news
Financials
Sales 2023 20 001 B 139 B 139 B
Net income 2023 1 076 B 7 453 M 7 453 M
Net Debt 2023 4 235 B 29 343 M 29 343 M
P/E ratio 2023 5,74x
Yield 2023 3,74%
Capitalization 6 192 B 42 904 M 42 904 M
EV / Sales 2023 0,52x
EV / Sales 2024 0,59x
Nbr of Employees 77 164
Free-Float 95,0%
Chart MITSUBISHI CORPORATION
Duration : Period :
Mitsubishi Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MITSUBISHI CORPORATION
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Last Close Price 4 241,00 JPY
Average target price 5 351,82 JPY
Spread / Average Target 26,2%
EPS Revisions
Managers and Directors
Katsuya Nakanishi President & Chief Executive Officer
Takehiko Kakiuchi Chairman
Yoshihiro Shimazu Manager-Administration
Akihiko Nishiyama Independent Outside Director
Akitaka Saiki Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
MITSUBISHI CORPORATION10.79%40 931
ADANI ENTERPRISES LIMITED84.79%44 136
ITOCHU CORPORATION1.25%36 264
MITSUI & CO., LTD.14.45%33 897
SUMITOMO CORPORATION7.32%15 809
MARUBENI CORPORATION14.65%15 254