Mitsubishi Electric Corporation

6503

JP3902400005

Consumer Goods Conglomerates

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-06-14 EDT			5-day change	1st Jan Change
2,554 ^JPY	+1.75%		-3.82%	+27.74%

06-13	Mitsubishi Electric Corporation, Toho Kinzoku Co., Ltd Announces the 3D Printing First High-Precision Additive Manufacturing (Am) Technology	CI
06-06	Mitsubishi Electric Corporation to Launch Support Service for Accelerated System Development with LV100 Power Semiconductors	CI

Mitsubishi Electric Corporation agreed to acquire 80% stake in Fuji Bakelite Vietnam Co.,Ltd from Fuji Bakelite Co. Ltd.

May 23, 2024

Mitsubishi Electric Corporation (TSE:6503) agreed to acquire 80% stake in Fuji Bakelite Vietnam Co.,Ltd from Fuji Bakelite Co. Ltd. on May 24, 2024. The new joint venture company will be named Mitsubishi Electric FP Automation Vietnam Co., Ltd and will begin production in January 2025.

Latest news about Mitsubishi Electric Corporation

Mitsubishi Electric Corporation, Toho Kinzoku Co., Ltd Announces the 3D Printing First High-Precision Additive Manufacturing (Am) Technology	06-12	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
Mitsubishi Electric's Attributable Profit Rises 33% in Fiscal 2024	04-28	MT
Mitsubishi Electric Corporation Provides Consolidated Earnings Guidance for the Fiscal Year 2025	04-26	CI
Mitsubishi Electric Corporation Announces Dividend for the Fiscal Year Ending March 31, 2024 , Payable June 4, 2024	04-26	CI
Activist Jana, in letter, urges Wolfspeed to eye sale, other strategic alternatives	04-22	RE
Activist Jana, in letter, urges Wolfspeed to eye sale, other strategic alternatives	04-22	RE

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

2024-06-17 - IEEE MTT S International Microwave Symposium

Related indices

Nikkei 225

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Ratings for Mitsubishi Electric Corporation

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2,554 JPY

Average target price

2,822 JPY

Spread / Average Target

+10.51%

Consensus

EPS Revisions

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Quarterly earnings - Rate of surprise

Company calendar

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Consumer Goods Conglomerates