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Electronic Technology

Mitsubishi Electric Corp.

Business Summary

Mitsubishi Electric Corp. engages in the manufacture, development, and sale of electric and electronic equipment. It operates in the following business segments: Energy and Electric Systems, Industrial Automation Systems, Information and Communication Systems, Electronic Devices, Home Appliances, and Others. The Energy and Electric Systems segment offers power and transportation systems, elevators, escalators, and supervisory control systems. The Industrial Automation Systems segment covers industrial automation products and systems, measurement and control systems, automotive and electronic products, and car multimedia systems. The Information and Communication Systems segment includes wireless, closed circuit television, space, and satellite communication systems, antennas, radar devices, and information communications network systems. The Electronic Devices segment provides power, high frequency, and optical devices; and liquid crystal displays. The Home Appliances segment covers air-conditioning and photovoltaic power generation systems, televisions, recorders, and players. The Others segment comprises of material procurement, logistics, real estate, advertising, and financial services. The company was founded on January 15, 1921 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2022 JPYUSD
Revenue4,476.75B39,838.49M
Gross Profit1,264.54B11,253.10M
Operating income250,868M2,232.46M
Income before tax261,259M2,324.93M
Net income203,482M1,810.77M
EBITDA461,761M4,109.19M
Diluted EPS95.400.84
Dividends Per Share400.35
Total Assets5,107.97B42,084.22M
Total liabilities2,010.57B16,564.99M
Total equity2,975.94B24,518.56M
Operating cash flow282,371M2,512.80M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 4,444.42B 4,519.92B 4,462.50B 4,191.43B 4,476.75B
Gross Profit 1,564.28B 1,545.84B 1,469.18B 1,364.94B 1,264.54B
Operating income 332,614M 289,758M 245,264M 220,772M 250,868M
Income before tax 353,206M 315,958M 281,986M 239,503M 261,259M
Net income 255,755M 226,648M 221,834M 193,132M 203,482M
EBITDA 509,886M 466,005M 455,950M 434,092M 461,761M
Diluted EPS 119.18 105.65 103.41 90.02 95.40
Dividends Per Share 40 40 40 36 40
Total Assets 4,305.58B 4,356.21B 4,409.77B 4,797.92B 5,107.97B
Total liabilities 1,908.36B 1,845.05B 1,870.91B 1,927.31B 2,010.57B
Total equity 2,294.17B 2,399.94B 2,429.74B 2,754.29B 2,975.94B
Operating cash flow 265,768M 239,817M 395,834M 542,119M 282,371M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 40,100.39M 40,758.68M 41,043.70M 39,520.41M 39,838.49M
Gross Profit 14,113.94M 13,939.76M 13,512.75M 12,869.89M 11,253.10M
Operating income 3,001.05M 2,612.91M 2,255.80M 2,081.62M 2,232.46M
Income before tax 3,186.84M 2,849.17M 2,593.55M 2,258.23M 2,324.93M
Net income 2,307.58M 2,043.81M 2,040.30M 1,821.01M 1,810.77M
EBITDA 4,600.51M 4,202.23M 4,193.57M 4,092.99M 4,109.19M
Diluted EPS 1.07 0.95 0.95 0.84 0.84
Dividends Per Share 0.36 0.36 0.36 0.33 0.35
Total Assets 40,484.99M 39,356.83M 40,848.23M 43,420.10M 42,084.22M
Total liabilities 17,944.15M 16,669.43M 17,330.47M 17,441.72M 16,564.99M
Total equity 21,571.91M 21,682.66M 22,506.99M 24,925.72M 24,518.56M
Operating cash flow 2,397.92M 2,162.56M 3,640.66M 5,111.56M 2,512.80M

Valuation Measures

Mar 2022
PER14.77
ROA4.10%
ROE7.10%
Operating margin5.60%
Profit margin4.54%

Key executives

  • Executive President, CEO & Representative Director: Takeshi Sugiyama
  • CFO, Director, Head-Finance & Accounting: Tadashi Kawagoishi
  • Chief Information Officer & Executive Officer: Eiichiro Mitani
  • Chief Technology Officer & Executive Officer: Kunihiko Kaga
  • Chief Compliance Officer & Head-Legal Affairs: Jun Nagasawa

Shareholders

  • Dodge & Cox (5.0%)
  • Meiji Yasuda Life Insurance Co. (3.8%)
  • Nomura Asset Management Co., Ltd. (3.7%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.6%)
  • The Vanguard Group, Inc. (2.2%)
  • Mitsubishi Electric Group Employees Shareholding Union (2.0%)
  • First Eagle Investment Management LLC (1.7%)
  • Daiwa Asset Management Co. Ltd. (1.7%)
  • Nikko Asset Management Co., Ltd. (1.7%)
  • Nippon Life Insurance Co. (1.6%)

Contact Details

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Competitors

  • ABB Ltd.
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  • Infineon Technologies AG
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  • Wuxi Xinje Electric Co. Ltd. Class A
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  • Lumentum Holdings, Inc.
  • Carrier Global Corp.
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  • Shenyang Brilliant Elevator Co Ltd Class A
  • StarPower Semiconductor Ltd. Class A
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  • Broadcom Inc.
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  • American Shared Hospital Services
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  • Loxley Public Co. Ltd.
  • Pixelworks, Inc.
Last Updated on 26 May, 2022

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