Mitsubishi Electric Corporation seeks acquisitions. Kenichiro Yamanishi, President of Mitsubishi Electric Corp. said on March 19, 2013, that the company will aim to increase sales of its mainstay air conditioners for home and office use as well as to strengthen its business related to factory automation.

Yamanishi added the company will actively pursue mergers and acquisitions with electronics manufacturers in emerging countries to increase its production capacity overseas. The company may target purchases in countries like Turkey, Mexico, Indonesia and Thailand, and may announce more details in May 2013, Kenichiro Yamanishi said on March 20, 2013. "We want to use acquisitions to supplement what we're missing in our overseas strategy," Yamanishi said.

Mitsubishi also wants to add a second brand for overseas sales, he said. Shares price of Mitsubishi Electric rose 0.1% to ¥826 on March 20, 2013.