Stock 6503 MITSUBISHI ELECTRIC CORPORATION
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Company Mitsubishi Electric Corporation

Equities

6503

JP3902400005

Consumer Goods Conglomerates

Delayed Japan Exchange
Other stock markets
 02:00:00 2024-04-19 am EDT 		5-day change 1st Jan Change
2,458 JPY -1.42% Intraday chart for Mitsubishi Electric Corporation -4.38% +22.96%
Apr. 05 Hitachi Industrial Equipment Systems Co.,Ltd. agreed to acquire Distribution transformer business of Mitsubishi Electric?s Nagoya Works from Mitsubishi Electric Corporation. CI
Apr. 03 Mitsubishi Electric Exhausts 50 Billion Yen Buyback Mandate MT

Business Summary

Mitsubishi Electric Corporation is one of the world's leading manufacturers of electric and electronic equipment. Net sales (including intragroup) break down by family of products and by services as follows:

- industrial automation equipment (28.6%): programmable controllers, motor operators, counters, industrial robots, clutches, etc.;

- electric equipment (24.2%): generators, motors, transformers, power circuit breakers, testing systems, etc.;

- household appliances (22.4%): televisions, video recorders, air conditioners, refrigerators, lamps, vacuum cleaners, etc.;

- information and communication equipment (6.9%): mobile phones, satellites, aerials, medical and audiovisual equipment, servers, computers, etc.;

- electronic components and devices (4.7%): memory, logic integrated circuits, monitors, plasma screens, printed circuit cards, etc.;

- other (13.2%): financial services, real estate management, engineering and maintenance services, etc.

Net sales break down geographically as follows: Japan (52.1%), Asia (24.9%), Europe (11.1%), North America (10.3%) and other (1.6%).

Number of employees: 149,655

Sales per Business

JPY in Million2022Weight2023Weight Delta
Life
38.5 %
- - 1,928,001 38.5 % -
Industry Mobility
32.8 %
- - 1,643,445 32.8 % -
Infrastructure
19.2 %
- - 960,915 19.2 % -
Business Platform
6.2 %
- - 310,029 6.2 % -
Others
3.2 %
160,501 3.6 % 161,304 3.2 % +0.50%

Sales per region

JPY in Million2022Weight2023Weight Delta
Japan
49.3 %
2,332,402 52.1 % 2,467,030 49.3 % +5.77%
Asia
12.7 %
526,087 11.8 % 635,244 12.7 % +20.75%
Europe
12.1 %
495,308 11.1 % 607,812 12.1 % +22.71%
China
11.7 %
588,864 13.2 % 583,659 11.7 % -0.88%
United States
10.5 %
-- 523,811 10.5 % -
North America
2.0 %
461,931 10.3 % 101,751 2.0 % -77.97%
Others
1.7 %
72,166 1.6 % 84,387 1.7 % +16.93%

Managers

Managers TitleAgeSince
Kei Uruma CEO
 Chief Executive Officer 64 82-03-31
Kuniaki Masuda DFI
 Director of Finance/CFO - -
Eiichiro Mitani CTO
 Chief Tech/Sci/R&D Officer - -
Jun Nagasawa BRD
 Director/Board Member - -
Masahiko Sagawa BRD
 Director/Board Member 65 82-03-31
Takashi Sakamoto BRD
 Director/Board Member 66 81-03-31
Yoshinobu Yoshinaga IRC
 Investor Relations Contact - -
Kunihiko Seki IRO
 Public Communications Contact 60 15-03-31
Osamu Sugimoto PRN
 Corporate Officer/Principal 56 18-03-31
Ichiro Miyagi PRN
 Corporate Officer/Principal 57 90-03-31

Members of the board

Members of the board TitleAgeSince
Takashi Oyamada BRD
 Director/Board Member 68 19-05-31
Tatsuro Kosaka BRD
 Director/Board Member 71 -
Hiroyuki Yanagi BRD
 Director/Board Member 69 -
Kazunori Watanabe BRD
 Director/Board Member 73 15-05-31
Mitoji Yabunaka CHM
 Chairman 76 12-05-31
Masahiko Sagawa BRD
 Director/Board Member 65 82-03-31
Hiroshi Obayashi BRD
 Director/Board Member 76 13-05-31
Kei Uruma CEO
 Chief Executive Officer 64 82-03-31
Takashi Sakamoto BRD
 Director/Board Member 66 81-03-31
Jun Nagasawa BRD
 Director/Board Member - -

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 0 2,147,201,551 2,003,419,116 ( 93.30 %) 55,427,301 ( 2.581 %) 93.30 %

Shareholders

NameEquities%Valuation
Dodge & Cox
5.012 %
107,612,614 5.012 % 1 786 M ¥
Meiji Yasuda Life Insurance Co.
3.812 %
81,862,000 3.812 % 1 359 M ¥
MITSUBISHI ELECTRIC CORPORATION
2.660 %
57,120,827 2.660 % 948 M ¥
Mitsubishi Electric Group Employees Shareholding Union
2.094 %
44,954,000 2.094 % 746 M ¥
Nippon Life Insurance Co.
1.692 %
36,339,000 1.692 % 603 M ¥
MFS International (UK) Ltd.
1.081 %
23,208,900 1.081 % 385 M ¥
Mitsubishi UFJ Asset Management Co., Ltd.
0.8733 %
18,750,600 0.8733 % 311 M ¥
MFS International Singapore Pte. Ltd.
0.6030 %
12,946,800 0.6030 % 215 M ¥
Mitsubishi Corp. Trust
0.5589 %
12,000,000 0.5589 % 199 M ¥
MITSUBISHI UFJ FINANCIAL GROUP, INC
0.5034 %
10,808,385 0.5034 % 179 M ¥
NameEquities%Valuation
MAI Capital Management LLC
0.000857 %
9,199 0.000857 % 306 520 ¥
RhumbLine Advisers LP
0.000434 %
4,663 0.000434 % 155 376 ¥
GAMMA Investing LLC
0.000338 %
3,631 0.000338 % 120 989 ¥
Operose Advisors LLC
0.000035 %
379 0.000035 % 12 629 ¥
First Horizon Advisors, Inc.
0.000027 %
288 0.000027 % 9 596 ¥
PNC Investments LLC
0.000020 %
219 0.000020 % 7 297 ¥

Holdings

NameEquities%Valuation
SHIHLIN ELECTRIC & ENGINEERING CORP.
21.16%
 110,242,966 21.16% 1,005,856,822 $
MITSUBISHI ELECTRIC CORPORATION
2.66%
 57,120,827 2.66% 948,082,347 $
RENESAS ELECTRONICS CORPORATION
2.71%
 50,706,885 2.71% 894,729,071 $
SUZUKI MOTOR CORPORATION
0.84%
 16,420,000 0.84% 188,616,540 $
RYODEN CORPORATION
33.98%
 7,755,000 33.98% 138,861,883 $
CENTRAL JAPAN RAILWAY COMPANY
0.37%
 3,850,000 0.37% 94,784,113 $
SHIN-ETSU CHEMICAL CO., LTD.
0.10%
 2,030,000 0.10% 88,311,598 $
KANG YONG ELECTRIC
45.34%
 8,978,020 45.34% 78,000,230 $
KANADEN CORPORATION
20.00%
 4,720,000 20.00% 47,092,384 $
RYOYO ELEC
5.88%
 1,576,000 5.88% 41,288,710 $

Company contact information

Mitsubishi Electric Corp.

Tokyo Building 2-7-3 Marunouchi

100-8310, Tokyo

+81 3 3218 2111

http://www.mitsubishielectric.co.jp
address Mitsubishi Electric Corporation(6503)

Group companies

NameCategory and Sector
Mitsubishi Electric Finance Europe Plc
Finance/Rental/Leasing
Mitsubishi Electric Sales Canada, Inc.
Logo Mitsubishi Electric Sales Canada, Inc.

Mitsubishi Electric Sales Canada, Inc.

Wholesale DistributorsDistribution Services

Mitsubishi Electric Sales Canada, Inc. markets commercial, industrial and consumer electronics products. It offers air conditioning and heating systems, energy recovery and fresh air ventilators, solar products, hand dryers, digital signage displays, digital imaging printers, display wall systems, and diamond vision displays for indoor and outdoor applications. The company was founded in 1979 and is headquartered in Markham, Canada.

Wholesale Distributors
Mitsubishi Electric India Pvt Ltd.
Logo Mitsubishi Electric India Pvt Ltd.

Mitsubishi Electric India Pvt Ltd.

Electrical ProductsProducer Manufacturing

Part of Mitsubishi Electric Corp., Mitsubishi Electric India Pvt Ltd. is an electrical and electronic equipment company based in Gurugram, IN. Founded in 2010, the private company offers a wide range of products and solutions for air conditioners, factory automation, CNC, semiconductors, and railway products. The company's high technical capabilities create comfortable living spaces by making the room cool down quickly even in tropical regions. The Indian company's premium installation and Japanese standard installation through authorized service partners ensure low-cost of ownership, durability, and product performance.

Electrical Products
ASTES4 SA
Logo ASTES4 SA

ASTES4 SA

Industrial MachineryProducer Manufacturing

ASTES4 SA engages in the provision of flexible automated sorting solutions. It offers Astes4sort, Astes4compo, Astes4heavy, and Astes4core. The company was founded in October 2013 and is headquartered in Balerna, Switzerland.

Industrial Machinery
Climaveneta Climate Technologies Pvt Ltd.
Mitsubishi Electric Europe BV
Logo Mitsubishi Electric Europe BV

Mitsubishi Electric Europe BV

Electronic Equipment/InstrumentsElectronic Technology

Part of Mitsubishi Electric Corp., Mitsubishi Electric Europe BV is a Dutch company that manufactures and wholesales electrical & electronic products and systems. The private company is based in Schiphol-Rijk, the Netherlands. The company was founded in 1996. The CEO is Kei Uruma.

Electronic Equipment/Instruments

Sector

Consumer Non-Cyclicals
Consumer Goods Conglomerates
Consumer Goods Conglomerates
Consumer Goods Conglomerates
Consumer Goods Conglomerates

Sales per Business

Sales per region

Ratings for Mitsubishi Electric Corporation

Trading Rating
Investor Rating
ESG Refinitiv
A
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
2,494 JPY
Average target price
2,519 JPY
Spread / Average Target
+1.02%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Consumer Goods Conglomerates

1st Jan change Capi.
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Consumer Goods Conglomerates
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