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mitsubishi electric corp (6503) Details

Mitsubishi Electric Corporation manufactures and sells electrical and electronic equipment worldwide. The company’s Energy and Electric Systems segment offers turbine generators, nuclear power plant and power electronics equipment, motors, transformers, circuit breakers, gas insulated switches, switch control and display devices, surveillance-system control and security systems, locomotive and rolling stock electrical equipment, elevators, escalators, building security and management systems, and particle beam treatment systems. Its Industrial Automation Systems segment provides programmable logic and computerized numerical controllers, inverters, servomotors, human-machine interface, hoists, magnetic switches, time and power meters, uninterruptible power supply, industrial fans, electrical-discharge and laser processing machines, industrial robots, clutches, automotive electrical equipment, car electronics and mechatronics, and car multimedia. The company’s Information and Communication Systems segment offers wireless and wired communications systems, surveillance cameras, satellite communication and radar equipment, antennas, missile and fire control systems, broadcasting and information systems equipment, data transmission devices, network security systems, and systems integration products. Its Electronic Devices segment provides power modules, high-frequency devices, and optical and LCD devices. The company’s Home Appliances segment offers LCD televisions, air conditioners, air-to-water heat pump boilers, refrigerators, electric fans, ventilators, photovoltaic power generation and hot water supply systems, LED and fluorescent lamps, indoor lighting, compressors, chillers, dehumidifiers, air purifiers, showcases, cleaners, rice cookers, microwave ovens, and IH cooking heaters. Its Others segment provides procurement, logistics, real estate, advertising, finance, and other services. The company was founded in 1921 and is headquartered in Tokyo, Japan.

135,160 Employees
Last Reported Date: 06/29/16
Founded in 1921

mitsubishi electric corp (6503) Top Compensated Officers

Chief Executive Officer, President, Represent...
Total Annual Compensation: ¥212.0M
Executive Vice President, Representative Exec...
Total Annual Compensation: ¥119.0M
Executive Vice President and Representative E...
Total Annual Compensation: ¥112.0M
Senior Vice President and Executive Officer
Total Annual Compensation: ¥110.0M
Senior Vice President, Executive Officer, Dir...
Total Annual Compensation: ¥109.0M
Compensation as of Fiscal Year 2016.

mitsubishi electric corp (6503) Key Developments

Mitsubishi Electric Develops High-Speed Training Algorithm for Deep Learning

Mitsubishi Electric Corporation announced that it has developed a high-speed training algorithm for deep learning that incorporates necessary inference functions for identification, recognition and prediction of unknown facts based on known facts. The new algorithm is expected to simplify the implementation of deep learning in vehicles, industrial robots and other machinery by drastically reducing memory usage and the computational time for training. It also will enable low-cost solutions in which artificial intelligence systems with training functions perform high-level inference directly within the embedded system according to the embedded system’s peripheral environment. The algorithm reduces the training time, computational cost and memory requirements to approximately one-thirtieth of that of conventional AI, as it can achieve a further reduction of approximately 30% from Mitsubishi Electric’s existing Compact AI, which itself reduced the computational cost and memory requirements for image recognition by 90% compared to conventional AI. Mitsubishi Electric’s system should help expand AI’s range of utilization due to its compactness and overall low cost. It will reduce the costs of AI deployment by eliminating needs for servers and network facilities, because of its compactness and high-level inference to be performed directly in embedded systems. Conventional machine-learning algorithms for deep learning require deep neural networks comprising costly memory resources. The new algorithm adapts to the specific purposes of each system, because it uses learning data and high-level inferences about the operating environment. This advantage will help to support the effective structuring of networks and reduce the trial and error of design.

Mitsubishi Electric Corporation Launches New NEXIEZ-GPX Elevator to Eliminates Need for Machine Room

Mitsubishi Electric Corporation announced that, it will launch a machine-room-less (MRL) elevator, the NEXIEZ-GPX, targeted at low- to mid-rise residential and office buildings in the Latin American market, on October 17, 2016. Annual sales of 300 units are targeted in 2018. Prices will be available by quote. While a boom in building construction in Latin America has raised the demand for elevators for low- to mid-rise residences and offices, building height restrictions, particularly in Mexico, have create a need for elevators that do not incorporate machine rooms. In response, Mitsubishi Electric designed its new MRL-type NEXIEZ-GPX elevator to meet this special need in the Latin American market. Main Features of NEXIEZ-GPX: MRL model eliminates the need for a rooftop machine room to account for building height restrictions; streamlined, three-dimensional ceiling and LED downlights blend well with diverse architectural popular in Latin American market; Price and delivery-time competitiveness are realized through local designing and manufacturing at a subsidiary company in Mexico, MITSUBISHI ELECTRIC DE MEXICO, S.A. DE C.V. (MELMEX); LED downlights reduce power consumption by 88% compared to conventional incandescent lighting; and permanent magnetic gearless traction machine reduces power consumption.

Mitsubishi Electric Corporation to Build HVDC Verification Facility at Transmission and Distribution Systems Center

Mitsubishi Electric Corporation announced that it will enter the global market for voltage-sourced converters (VSC) based high-voltage direct current (HVDC) systems with a new HVDC verification facility to be built at its Transmission and Distribution Center in Amagasaki, Japan by 2018. The company is targeting more than $500 million in global orders for HVDC -Diamond® systems by 2020. HVDC systems are expected to reduce CO2 through the efficient integration and expansion of renewable energies, such as photovoltaic and offshore wind power. HVDC-Diamond® systems will utilize the company’s own high-voltage insulated gate bipolar transistors (HVIGBT). HVIGBT devices are insulated for high voltage and designed for large current ratings to reduce the number of sub-modules, resulting in space and cost savings. The parallel connectivity of the HVIGBT devices in each sub-module allows for a flexible design to meet wide-ranging needs for power transmission capacities in the global market for VSC-based HVDC systems. HVDC-Diamond® will offer high reliability through the use of high speed control and protection systems. Optimized control functions with appropriate hardware configuration will comply with system requirements for stable and continuous operation, even during faults on the AC network such as lightning strikes. Protection systems with high speed response will ensure all equipment can be effectively protected from high currents generated at the time of DC faults within the HVDC system. There are two types of HVDC systems; the line-commutated converter (LCC) type requires an external power source for commutation, while the VSC type does not. VSC-based HVDC systems are expected to be in greater demand with a more compact footprint as a result of having the innate ability of separately controlling active and reactive power. This advantage allows for applying VSC-based HVDC in weak systems and removes the need for additional reactive compensation from harmonic filters and other reactive voltage support.


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Valuation 6503 Industry Range
Price/Earnings 12.8x
Price/Sales 0.7x
Price/Book 1.7x
Price/Cash Flow 12.8x
TEV/Sales 0.4x

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