Producer Manufacturing

Mitsubishi Electric Corp.

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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	JPY	USD
Revenue	4,476.75B	39,838.49M
Gross Profit	1,459.68B	12,989.68M
Operating income	250,868M	2,232.46M
Income before tax	261,259M	2,324.93M
Net income	203,482M	1,810.77M
EBITDA	457,681M	4,072.88M
Diluted EPS	95.40	0.84
Dividends Per Share	40	0.35
Total Assets	5,107.97B	42,084.22M
Total liabilities	2,010.57B	16,564.99M
Total equity	2,975.94B	24,518.56M
Operating cash flow	282,371M	2,512.80M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 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	1,459.68B
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	457,681M
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 2018	Mar 2019	Mar 2020	Mar 2021	Mar 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	12,989.68M
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	4,072.88M
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
PER	14.77
ROA	4.10%
ROE	7.10%
Operating margin	5.60%
Profit margin	4.54%

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
Executive Officer & Head-Domestic Sales: Katsuya Furuta

Shareholders

Dodge & Cox (5.0%)
Meiji Yasuda Life Insurance Co. (3.8%)
Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.6%)
Nomura Asset Management Co., Ltd. (3.6%)
Mitsubishi UFJ Trust & Banking Pension Fund (3.6%)
BlackRock Fund Advisors (2.7%)
The Vanguard Group, Inc. (2.3%)
Mitsubishi Electric Group Employees Shareholding Union (2.1%)
First Eagle Investment Management LLC (1.8%)
Nikko Asset Management Co., Ltd. (1.7%)

Contact Details

Website:http://www.mitsubishielectric.co.jp
Address: Tokyo Building, 2-7-3 Marunouchi, Tokyo, 100-8310, Japan
Phone: +81.3.3218.2111

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Competitors

ABB Ltd.
Shenzhen Inovance Technology Co., Ltd Class A
MKS Instruments, Inc.
Infineon Technologies AG
Rockwell Automation, Inc.
Ningbo Dechang Electrical Machinery Made Co. Ltd. Class A
Beijer Ref AB Class B
Wuxi Xinje Electric Co. Ltd. Class A
Macmic Science & Technology Co. Ltd. Class A
Suzhou Good-Ark Electronics Co. Ltd. Class A
Lumentum Holdings, Inc.
Carrier Global Corp.
RS Automation Co., Ltd.
Shenyang Brilliant Elevator Co Ltd Class A
Daktronics, Inc.
Sodick Co., Ltd.
Airbus SE
Broadcom Inc.
Tadiran Group Ltd
Maxar Technologies, Inc.
Ofuna Technology Co Ltd
Stem Inc
Unitronics (1989) (RG) Ltd.
Wolfspeed Inc
M2I Corp.
American Shared Hospital Services
Bruker Corporation
Elite Advanced Laser Corporation
Ideal Power Inc.
Loxley Public Co. Ltd.

Last Updated on 30 Jan, 2023