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Mitsubishi Electric Corporation

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

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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 has secured an order for 84kv dry air insulated switchgear from Kansai Transmission, which will help advance carbon neutrality by expanding the company's lineup of greenhouse gas-free products.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 6:07 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 Corporation and Musashi Energy Solutions have signed a partnership to develop innovative energy storage devices and battery management systems for the global railway industry, aiming to advance carbon neutrality.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 6:22 am

Mitsubishi Electric Corporation has secured a contract from JAXA to supply lithium-ion batteries for the Gateway lunar orbiting space station, contributing to the Artemis Program.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:23 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

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