Last ¥1,316 JPY
Change Today +13.50 / 1.04%
Volume 2.5M
6503 On Other Exchanges
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As of 2:00 AM 09/1/14 All times are local (Market data is delayed by at least 15 minutes).

mitsubishi electric corp (6503) Snapshot

Open
¥1,300
Previous Close
¥1,302
Day High
¥1,316
Day Low
¥1,300
52 Week High
07/31/14 - ¥1,432
52 Week Low
09/2/13 - ¥986.00
Market Cap
2.8T
Average Volume 10 Days
3.8M
EPS TTM
¥79.67
Shares Outstanding
2.1B
EX-Date
09/26/14
P/E TM
16.5x
Dividend
--
Dividend Yield
1.29%
Current Stock Chart for MITSUBISHI ELECTRIC CORP (6503)

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mitsubishi electric corp (6503) Details

Mitsubishi Electric Corporation manufactures and sells electrical and electronic products and systems 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.

124,305 Employees
Last Reported Date: 07/30/14
Founded in 1921

mitsubishi electric corp (6503) Top Compensated Officers

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Executives, Board Directors

mitsubishi electric corp (6503) Key Developments

Mitsubishi Electric to Launch 3.6V High-Power MOSFET

Mitsubishi Electric Corporation announced that from September 1 it will begin shipping samples of its model RD04LUS2 high-power metal-oxide semiconductor field-effect transistor (MOSFET), which is designed for use in high-frequency power amplifiers of commercial two-way radio devices. The model offers 4W output when using a 3.6V Li-ion 1-cell battery. Mitsubishi Electric will initially produce 200,000 units per month. While the popularization of mobile phones has led to 3.6V Li-ion batteries costing less than traditional 7.2V batteries, the need for a higher-power MOSFET arose because lower-voltage batteries decrease the MOSFET's output power.

Mitsubishi Electric Develops SVC-Diamond Static Synchronous Compensator

Mitsubishi Electric Corporation announced its development of the SVC-Diamond static synchronous compensator, a voltage source converter shunt reactive power compensator with a modular multilevel converter. The commercial launch is targeted sometime in or after 2016. The new SVC-Diamond helps strengthen the power network when renewable energy resources such as solar and wind are introduced. Since renewable energy is derived from natural sources, any solution is required to solve power-quality issues, such as voltage variation and voltage transmission stability. SVC-Diamond, as a reactive power compensator, deploys the most effective method for responding to such issues. Furthermore, Mitsubishi Electric will perform the precise system studies matched to user needs to provide optimum solutions and maximum quality based on real-time simulations. Renewable energy businesses, including wind and photovoltaic power generation, are rapidly growing worldwide. In the USA, renewable energy installed capacity is expected to quadruple from 81 gigawatts in 2011 to 321 gigawatts in 2030. In Europe, offshore wind power market is rapidly growing, and is expected to increase from 5 gigawatts in 2012 to 40 gigawatts in 2020. One of the key issues for utilities, however, is renewable energy output is unstable due to generation based on natural phenomenon, and thus necessary to improve power quality such as controlling harmonics and fluctuating voltages. Mitsubishi Electric's dynamic reactive power compensation capability is expected to realize optimum solutions that respond to the need for improved power quality. The market scale is expected to reach USD 2 billion level in 2018 with annual 5% growth rate. Features, the high quality and high reliability, assures the best quality of system and high reliability during operation by integrated interface technology from the key component to the system by adopting own insulated gate bipolar transistor, VSC based shunt reactive power compensation capability with MMC, Reduces harmonic contents, Reduces installation space by around 60% due to elimination of harmonic filter and installation time compared to conventional facilities due to compact size and light weight, Creates a rapid response against sudden voltage variation.

Mitsubishi Electric Announces Earnings Results for the First Quarter Ended June 30, 2014

Mitsubishi Electric announced earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported total net sales of ¥13,638 million against ¥17,706 million a year ago. Income was ¥1,100 million against ¥782 million a year ago. Operating profit was ¥0.7 billion against ¥1.1 billion a year ago. Ordinary income increased from the previous corresponding period due to an increase in equity in earnings of affiliates.

 

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Industry Analysis

6503

Industry Average

Valuation 6503 Industry Range
Price/Earnings 15.9x
Price/Sales 0.7x
Price/Book 1.8x
Price/Cash Flow 15.9x
TEV/Sales 0.4x
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