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Producer Manufacturing

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 2023 JPYUSD
Gross Profit1,619.29B11,949.00M
Operating income258,932M1,910.69M
Income before tax270,358M1,995.00M
Net income213,908M1,578.45M
Diluted EPS101.290.74
Dividends Per Share400.29
Total Assets5,582.51B41,945.44M
Total liabilities2,218.36B16,668.15M
Total equity3,239.02B24,337.11M
Operating cash flow166,711M1,230.18M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 4,519.92B 4,462.50B 4,191.43B 4,476.75B 5,003.69B
Gross Profit 1,545.84B 1,469.18B 1,364.94B 1,459.68B 1,619.29B
Operating income 289,758M 245,264M 220,772M 250,868M 258,932M
Income before tax 315,958M 281,986M 239,503M 261,259M 270,358M
Net income 226,648M 221,834M 193,132M 203,482M 213,908M
EBITDA 466,005M 455,950M 434,092M 457,681M 472,775M
Diluted EPS 105.65 103.41 90.02 95.40 101.29
Dividends Per Share 40 40 36 40 40
Total Assets 4,356.21B 4,409.77B 4,797.92B 5,107.97B 5,582.51B
Total liabilities 1,845.05B 1,870.91B 1,927.31B 2,010.57B 2,218.36B
Total equity 2,399.94B 2,429.74B 2,754.29B 2,975.94B 3,239.02B
Operating cash flow 239,817M 395,834M 542,119M 282,371M 166,711M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 40,758.68M 41,043.70M 39,520.41M 39,838.49M 36,922.87M
Gross Profit 13,939.76M 13,512.75M 12,869.89M 12,989.68M 11,949.00M
Operating income 2,612.91M 2,255.80M 2,081.62M 2,232.46M 1,910.69M
Income before tax 2,849.17M 2,593.55M 2,258.23M 2,324.93M 1,995.00M
Net income 2,043.81M 2,040.30M 1,821.01M 1,810.77M 1,578.45M
EBITDA 4,202.23M 4,193.57M 4,092.99M 4,072.88M 3,488.66M
Diluted EPS 0.95 0.95 0.84 0.84 0.74
Dividends Per Share 0.36 0.36 0.33 0.35 0.29
Total Assets 39,356.83M 40,848.23M 43,420.10M 42,084.22M 41,945.44M
Total liabilities 16,669.43M 17,330.47M 17,441.72M 16,564.99M 16,668.15M
Total equity 21,682.66M 22,506.99M 24,925.72M 24,518.56M 24,337.11M
Operating cash flow 2,162.56M 3,640.66M 5,111.56M 2,512.80M 1,230.18M

Valuation Measures

Mar 2023
Operating margin5.17%
Profit margin4.27%


  • 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


  • Dodge & Cox (5.0%)
  • Meiji Yasuda Life Insurance Co. (3.8%)
  • Nomura Asset Management Co., Ltd. (3.6%)
  • Mitsubishi UFJ Trust & Banking Pension Fund (3.6%)
  • The Vanguard Group, Inc. (3.0%)
  • BlackRock Fund Advisors (2.7%)
  • Mitsubishi Electric Group Employees Shareholding Union (2.1%)
  • Mitsubishi Electric Corp. (2.0%)
  • First Eagle Investment Management LLC (1.8%)
  • Nippon Life Insurance Co. (1.6%)

Contact Details

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Last Updated on 22 Sep, 2023

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