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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 Corporation Announces its New S-Series of Escalators

Mitsubishi Electric Corporation announced that its new S-series of escalators, which offer enhanced passenger safety and high-level energy conservation, will launch on November 14. Annual sales of 1,000 units are targeted outside of Japan. SAP model with stainless-steel panels Mitsubishi S-series Escalators main advantages include: Enhanced passenger safety; Automatically stops when an object is caught between the comb and step; Optional skirt brush helps prevent clothing, sandals, etc. from getting caught between step and skirt guard; Optional step demarcation lighting under each step eases stepping on/off; Energy Savings; Variable-voltage Variable-frequency (VVVF) Inverter Control (optional) optimizes motor efficiency; When no passenger is riding, optional functions can slow or halt the escalator; Regenerative Converter (standard with optional VVVF) enables electric power generated as escalator runs downward with a certain passenger load or more to be converted for other uses in the building; Optional LEDs used in various lights to reduce power consumption and achieve long life sales schedule.

Mitsubishi Electric Corporation Develops 3D-Model AR Technology for Inspections

Mitsubishi Electric Corporation announced that it has developed a maintenance-support technology using augmented reality (AR) based on a three-dimensional model that enables a technician wearing smart glasses to confirm the order of the inspection on an AR display and then enter the results by voice. The technology helps reduce workload and avoid entry errors because information can be entered by voice, even in noisy environments. The system is expected to be used for a variety of maintenance work, such as inspections of water-treatment plants and building electrical systems. Features are the new system overcomes two key problems. First, conventional AR systems that use two-dimensional imaging require high volumes of pictures for large-scale inspections. Second, precise AR imaging requires difficult calculations of position and angle when there is a large difference between a technician’s camera view and the super-imposed database images. Mitsubishi Electric’s new technology uses a three-dimensional model that is easily built by scanning objects with a RGBD camera equipped tablet PC. Continuous operation builds the three-dimensional model and shows check procedure related to the objects. In addition, precise AR imaging is possible by calculating the position and angle using a three-dimensional model instead of two-dimensional images. Moreover, the displayed contents of the check procedure are changed according to the distance between the technician and the super-imposed item. Inspection results are entered quickly by voice on an AR-display form, so the technician can confirm the accuracy of entries while still wearing the smart glasses. In addition, the system prompts the user to reenter ambiguous or incomplete information. Moreover, even under unsteady noisy environments, speech-recognition technology ensures high accuracy and the use of deep-learning acoustic models that adjust to different types of noise.

Mitsubishi Electric Corporation Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2016; Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017

Mitsubishi Electric Corporation reported consolidated earnings results for the second quarter and six months ended September 30, 2016. For six months, net sales were JPY 1,972.3 billion, 4% decrease from the same period last year. Operating income was JPY 121.7 billion, 4% decrease from the same period last year. Income before income taxes was JPY 123.7 billion, 7% decrease from the same period last year. Net income attributable to Mitsubishi Electric Corp. was JPY 88.3 billion, 5% decrease from the same period last year. Cash flows from operating activities decreased by JPY 2.2 billion compared to the same period of the previous fiscal year to JPY 177.5 billion. Free cash flow was JPY 118.6 billion. For the quarter, net sales were JPY 1,045.2 billion, 3% decrease from the same period last year. Operating income was JPY 62.0 billion, 14% decrease from the same period last year. Income before income taxes was JPY 62.7 billion, 5% decrease from the same period last year. Net income attributable to Mitsubishi Electric Corp. was JPY 45.4 billion, 3% decrease from the same period last year. Consolidated net sales decreased, due primarily to decreased sales in the Industrial Automation Systems, Electronic Devices and Information and Communication Systems segments. For the fiscal year ending March 31, 2017, on consolidated basis, the company now expects net sales of JPY 4,150.0 billion against JPY 4,180.0 billion of previous forecast, operating income of JPY 250.0 billion against JPY 235.0 billion of previous forecast, income before income taxes of JPY 265.0 billion against JPY 255.0 billion of previous forecast and net income attributable to Mitsubishi Electric Corp. of JPY 185.0 billion against JPY 175.0 billion of previous forecast.

 

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Valuation 6503 Industry Range
Price/Earnings 13.5x
Price/Sales 0.7x
Price/Book 1.7x
Price/Cash Flow 13.5x
TEV/Sales 0.5x
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