Streetbeat News

MIELF

Mitsubishi Electric Corporation

https://www.mitsubishielectric.co.jp/

Industry

All Other Miscellaneous Electrical Equipment and Component Manufacturing

Open

17.90

Mkt cap

38B

Volume

300

High

18.43

P/E Ratio

20.48

52-wk high

18.70

Low

17.90

Div yield

0.02

52-wk low

12.90

Mitsubishi Electric has reaffirmed its 2025 forecast with revenue expected at ¥5,390 billion and operating profit at ¥400 billion. The company plans to implement initiatives to achieve these targets, including adjusting product prices to counter rising procurement costs.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:43 am

Mitsubishi Electric reported a year-over-year increase in revenue and operating profit for the first half of fiscal year 2025. Revenue rose to ¥2,643.5 billion from ¥2,538.4 billion, and operating profit increased to ¥176.6 billion from ¥135.8 billion.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:23 am

Mitsubishi Electric is investing $110 million in energy production facilities in the U.S. and Japan to address energy transition trends and rising power demand.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 6:51 am

Mitsubishi Electric's ME Innovation Fund invests in Formic Technologies to transform industrial robotics with a subscription model, aiming to make automation solutions more accessible.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 6:17 am

Mitsubishi Electric's ME Innovation Fund has invested in Pente Networks to advance private LTE/5G solutions. The high cost and complexity of setting up private LTE/5G networks have been a barrier for companies and local governments, but this investment aims to address these issues.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:20 am

Mitsubishi Electric is transferring its distribution transformer business, excluding those made at its Ako Factory, to Hitachi Industrial Equipment Systems. The transfer, which includes development, design, manufacturing, sales, and maintenance, will begin in October 2024 and is expected to be completed by April 1, 2026, pending regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 7:02 am

Mitsubishi Electric's subsidiaries have acquired French air conditioning manufacturer AIRCALO, aiming to strengthen and expand its hydronic HVAC systems business in Europe. The acquisition will allow Mitsubishi Electric to leverage AIRCALO's extensive product line and customization capabilities, catering to the growing demand for made-to-order products and environmental sustainability in the European market. Terms of the acquisition were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 6:28 am

Mitsubishi Electric has signed an agreement with Dispel to enhance its operational technology security business by integrating its factory-automation equipment and OT security solutions with Dispel's secure remote-access technology. This collaboration aims to provide a Zero Trust Remote Access Service for manufacturing facilities, facilitating digital manufacturing and strengthening Mitsubishi Electric's Circular Digital-Engineering business.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 8:36 am

Mitsubishi Electric reaffirms its FY24 outlook, projecting a 4% year-on-year increase in revenue to ¥5.20T, a 26% increase in operating profit to ¥330B, a 22% increase in profit before income taxes to ¥355B, and a 22% increase in net profit attributable to stockholders to ¥260B.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 7:13 am

Mitsubishi Electric reported a 1% YoY increase in 3Q24 revenue to ¥1.243T and a 2% YoY increase in net profit to ¥65.8B, achieving record highs in revenue and operating profit. The automotive equipment business saw significant improvement, offsetting market fluctuations in other sectors.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 7:06 am

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