Mitsubishi Electric Corporation

6503

JP3902400005

Consumer Goods Conglomerates

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-06-28 EDT			5-day change	1st Jan Change
2,568 ^JPY	+2.37%		+3.49%	+28.44%

06-28	Mitsubishi Electric Delivers Smart-Meter System to Taiwan Market as First Overseas Project	CI
06-18	Seino to Buy 70% Stake in Mitsubishi Electric's Logistics Unit	MT

Mitsubishi Electric Corporation Provides Consolidated Financial Guidance for Fiscal 2022

April 28, 2021 at 12:25 am

Mitsubishi Electric Corporation provided earnings guidance for the fiscal year 2022. For the period, the company expects revenue to be of JPY 4,470.0 billion. Operating profit expected to be of JPY 260.0 billion. Net profit attributable to the company stockholders expected to be of JPY 210.0 billion.

Latest news about Mitsubishi Electric Corporation

Mitsubishi Electric Delivers Smart-Meter System to Taiwan Market as First Overseas Project	06-27	CI
Seino to Buy 70% Stake in Mitsubishi Electric's Logistics Unit	06-18	MT
Seino Holdings Co., Ltd. agreed to acquire 66.60% stake in Mitsubishi Electric Logistics Corporation from Mitsubishi Electric Corporation for ¥57.3 billion.	06-17	CI
Mitsubishi Electric to Ship Samples of GaN MMIC Power Amplifier for Ka-Band SATCOM Earth Stations	06-13	CI
Mitsubishi Electric Corporation, Toho Kinzoku Co., Ltd Announces the 3D Printing First High-Precision Additive Manufacturing (Am) Technology	06-12	CI
Mitsubishi Electric Corporation Ships Two New SBD-embedded SiC-MOSFET Modules	06-09	CI
Mitsubishi Electric Corporation to Launch Support Service for Accelerated System Development with LV100 Power Semiconductors	06-05	CI
Japan's Nikkei sheds early gains amid rising JGB yields	05-29	RE
Japan's Nikkei erases gains as JGB yields rise	05-28	RE
Mitsubishi Electric Corporation Launches Serendie Digital Platform for Value Co-Creation	05-28	CI
Jefferies Adjusts Mitsubishi Electric’s Price Target to 3,400 Yen From 2,300 Yen, Keeps at Buy	05-27	MT
Mitsubishi Electric Forms Electric Vehicle JV with Aisin, Mitsubishi Electric Mobility	05-27	MT
Realtime Robotics, Inc. announced that it has received funding from Mitsubishi Electric Corporation	05-25	CI
Mitsubishi Electric Corporation to Establish Vietnamese JV for FA Products	05-23	CI
Mitsubishi Electric Corporation, Mitsubishi Electric Mobility Corporation and Aisin Corporation Reach a Basic Agreement to Establish a Joint Venture Company for Handling Products for Next Generation Electric Vehicles	05-23	CI
Mitsubishi Electric Corporation agreed to acquire 80% stake in Fuji Bakelite Vietnam Co.,Ltd from Fuji Bakelite Co. Ltd.	05-23	CI
Mitsubishi Electric to Provide Heat-Related Total Solutions to Reduce Energy Costs and Support Decarbonization	05-21	CI
Mitsubishi Electric Corporation and Musashi Energy Solutions Co., Ltd. Sign Partnership and Co-Development Contract	05-14	CI
Adeia Says Mitsubishi Electric Renews License for Media IP Portfolio	05-14	MT
Senko Group Responses Rumors to Acquire Logistics Subsidiary from Mitsubishi Electric	05-13	CI
Mitsubishi Electric to Cancel 34 Million Shares on May 31	05-10	MT
Mitsubishi Electric Corporation Plans to Pay an Interim Dividend for Fiscal 2025	05-09	CI
Mitsubishi Electric Corporation Resolves to Pay Year-End Dividend for Fiscal 2024, Payable on June 4, 2024	05-09	CI
Mitsubishi Electric Wins Contract to Supply Space-Use Lithium-Ion Batteries for ?Gateway? Lunar Orbital Platform	05-08	CI
Wall Street, Earnings, Federal Reserve Roil Asian Stock Markets	04-30	MT

Chart Mitsubishi Electric Corporation

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Company Profile

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%).

Sector

Consumer Goods Conglomerates

Calendar

2024-07-30 - Q1 2024 Earnings Release (Projected)

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Nikkei 225

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Ratings for Mitsubishi Electric Corporation

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

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Last Close Price

2,568 JPY

Average target price

2,843 JPY

Spread / Average Target

+10.74%

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Company calendar

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Consumer Goods Conglomerates