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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 2021 JPYUSD
Revenue4,191.43B39,520.41M
Gross Profit1,364.94B12,869.89M
Operating income220,772M2,081.62M
Income before tax239,503M2,258.23M
Net income193,132M1,821.01M
EBITDA434,092M4,092.99M
Diluted EPS90.020.84
Dividends Per Share360.33
Total Assets4,797.92B43,420.10M
Total liabilities1,927.31B17,441.72M
Total equity2,754.29B24,925.72M
Operating cash flow542,119M5,111.56M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 4,238.66B 4,444.42B 4,519.92B 4,462.50B 4,191.43B
Gross Profit 1,304.27B 1,564.28B 1,545.84B 1,469.18B 1,364.94B
Operating income 273,548M 332,614M 289,758M 245,264M 220,772M
Income before tax 296,249M 353,206M 315,958M 281,986M 239,503M
Net income 210,493M 255,755M 226,648M 221,834M 193,132M
EBITDA 437,795M 509,886M 466,005M 455,950M 434,092M
Diluted EPS 98.07 119.18 105.65 103.41 90.02
Dividends Per Share 27 40 40 40 36
Total Assets 4,172.27B 4,305.58B 4,356.21B 4,409.77B 4,797.92B
Total liabilities 2,031.56B 1,908.36B 1,845.05B 1,870.91B 1,927.31B
Total equity 2,039.62B 2,294.17B 2,399.94B 2,429.74B 2,754.29B
Operating cash flow 365,950M 265,768M 239,817M 395,834M 542,119M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 39,142.70M 40,100.39M 40,758.68M 41,043.70M 39,520.41M
Gross Profit 12,044.53M 14,113.94M 13,939.76M 13,512.75M 12,869.89M
Operating income 2,526.12M 3,001.05M 2,612.91M 2,255.80M 2,081.62M
Income before tax 2,735.76M 3,186.84M 2,849.17M 2,593.55M 2,258.23M
Net income 1,943.83M 2,307.58M 2,043.81M 2,040.30M 1,821.01M
EBITDA 4,042.89M 4,600.51M 4,202.23M 4,193.57M 4,092.99M
Diluted EPS 0.90 1.07 0.95 0.95 0.84
Dividends Per Share 0.24 0.36 0.36 0.36 0.33
Total Assets 37,442.96M 40,484.99M 39,356.83M 40,848.23M 43,420.10M
Total liabilities 18,231.73M 17,944.15M 16,669.43M 17,330.47M 17,441.72M
Total equity 18,304.11M 21,571.91M 21,682.66M 22,506.99M 24,925.72M
Operating cash flow 3,379.42M 2,397.92M 2,162.56M 3,640.66M 5,111.56M

Valuation Measures

Mar 2021
PER18.73
ROA4.19%
ROE7.45%
Operating margin5.26%
Profit margin4.60%

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%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (4.6%)
  • Meiji Yasuda Life Insurance Co. (3.8%)
  • Nomura Asset Management Co., Ltd. (3.6%)
  • Nippon Life Insurance Co. (2.8%)
  • The Vanguard Group, Inc. (2.2%)
  • Mitsubishi Electric Group Employees Shareholding Union (2.0%)
  • Nikko Asset Management Co., Ltd. (1.9%)
  • First Eagle Investment Management LLC (1.7%)
  • Daiwa Asset Management Co. Ltd. (1.6%)

Contact Details

Related Companies

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  • Mitsubishi Electric Business Association
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  • Mitsubishi Electric Automotive India Pvt Ltd.
  • Mitsubishi Electric Automotive de Mexico SA de CV
  • PT Mitsubishi Jaya Elevator & Escalator
  • Mitsubishi Elctric (Russia) LLC
  • PT Mitsubishi Electric Automotive Indonesia
  • Mitsubishi Electric Automation Manufacturing (Changshu) Co. Lt
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  • Mitsubishi Electric Korea Co. Ltd.
  • Mitsubishi Electric Thai Auto-Parts Co. Ltd.
  • Mitsubishi Electric do Brasil Comercio e Servicos Ltda.
  • Mitsubishi Elevator (Thailand) Co. Ltd.
  • Mitsubishi Electric de Colombia Ltda.
  • Mitsubishi Elevator Malaysia Sdn. Bhd.
  • Melco Thai Capital Co. Ltd.

Competitors

  • ABB Ltd.
  • Shenzhen Inovance Technology Co., Ltd Class A
  • MKS Instruments, Inc.
  • Infineon Technologies AG
  • Rockwell Automation, Inc.
  • Carrier Global Corp.
  • Beijer Ref AB Class B
  • Hengdian Group DMEGC Magnetics Co., Ltd Class A
  • Stoneridge, Inc.
  • Suzhou Good-Ark Electronics Co. Ltd. Class A
  • Lumentum Holdings, Inc.
  • RS Automation Co., Ltd.
  • Stem Inc
  • Shenyang Brilliant Elevator Co Ltd Class A
  • StarPower Semiconductor Ltd. Class A
  • Daktronics, Inc.
  • Airbus SE
  • Broadcom Inc.
  • Tadiran Group Ltd
  • Yungtay Engineering Co., Ltd.
  • Maxar Technologies, Inc.
  • Unitronics (1989) (RG) Ltd.
  • BorgWarner Inc.
  • Cree, Inc.
  • M2I Corp.
  • American Shared Hospital Services
  • Brimag Digital Age Ltd
  • Bruker Corporation
  • Elite Advanced Laser Corporation
  • Ideal Power Inc.
Last Updated on 5 Aug, 2021

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