Last €9.64 EUR
Change Today +0.007 / 0.07%
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As of 2:33 PM 10/30/14 All times are local (Market data is delayed by at least 15 minutes).

mitsubishi electric corp (MIE1) Snapshot

Open
€9.67
Previous Close
€9.63
Day High
€9.67
Day Low
€9.64
52 Week High
09/29/14 - €10.58
52 Week Low
04/11/14 - €7.72
Market Cap
20.7B
Average Volume 10 Days
229.6
EPS TTM
--
Shares Outstanding
2.1B
EX-Date
03/20/15
P/E TM
--
Dividend
€19.76
Dividend Yield
1.49%
Current Stock Chart for MITSUBISHI ELECTRIC CORP (MIE1)

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mitsubishi electric corp (MIE1) 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

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mitsubishi electric corp (MIE1) Key Developments

Mitsubishi Electric Corporation Announces Consolidated Earnings Results for the Second Quarter and First Half Year Ended September 30, 2014; Revises Earnings Guidance for Year Ending March 31, 2015

Mitsubishi Electric Corporation announced consolidated earnings results for the second quarter and first half year ended September 30, 2014. For the first half, the company announced consolidated net sales increased 9% to ¥1,972.8 billion compared to ¥1,811.8 billion a year ago, due to increased sales in all segments. Consolidated operating income increased 52% to ¥121.3 billion compared to ¥79.7 billion a year ago, due to increased profits in Industrial Automation Systems, Information and Communication Systems and Home Appliances segments. Income before income taxes increased 75% to ¥145.9 billion compared to ¥83.4 billion a year ago. Net income attributable to the company increased 102% to ¥97.8 billion or ¥45.58 per basic share compared to ¥48.3 billion or ¥22.52 per basic share a year ago. For the quarter, the company reported consolidated net sales of ¥1,062.1 billion compared to ¥977 billion a year ago, 9% increase from the same period of the previous fiscal year, due primarily to increased sales in all segments. Consolidated operating income was ¥62.0 billion compared to ¥45.5 billion a year ago, increasing by 36% from the same period of the previous fiscal year, with increased profits in all segments. Income before income taxes increased 91% to ¥78.0 billion compared to ¥40.7 billion a year ago. Net income attributable to the company increased 140% to ¥54.8 billion or ¥25.54 per basic share compared to ¥22.8 billion or ¥10.66 per basic share a year ago. Net cash provided by operating activities was ¥225,292 million compared to ¥292,466 million a year ago. Capital expenditure was ¥89,943 million compared to ¥71,335 million a year ago. The consolidated earnings forecast for fiscal 2015, ending March 31, 2015, has been revised from the previous forecast announced on July 30, 2014. For the year, the company currently expects net sales of ¥4,220.0 billion, operating income of ¥275.0 billion, income before income taxes of ¥285.0 billion and net income attributable to the company ¥190.0 billion compared to the previous forecast, which expected to report net sales of ¥4,220.0 billion, operating income of ¥260.0 billion, income before income taxes of ¥260.0 billion and net income attributable to the company ¥175.0 billion. Operating income and other figures are expected to exceed the previous forecast owing mainly to increases in the Industrial Automation Systems segment, which experienced buoyant demand in capital expenditures for smartphone and automotive related investments, as well as the Home Appliances segment, which showed growth in air conditioners for markets inside and outside Japan.

Mitsubishi Electric Corporation to Report Q2, 2015 Results on Oct 30, 2014

Mitsubishi Electric Corporation announced that they will report Q2, 2015 results on Oct 30, 2014

Mitsubishi Electric and Tohoku University Develop 5GHz/60GHz Dual-Band Receiver Front-End Si-CMOS IC for Wireless Communication

Mitsubishi Electric Corporation and Tohoku University announced their development of a 5GHz/60GHz dual-band receiver RF front-end Si-CMOS IC for a highly dependable and high-speed wireless communication system that Tohoku University has proposed as the Dependable Air. Technical details of new Si-CMOS IC will be announced during European Microwave Week 2014 from 5-10 October 2014. Wireless communication is dependent on high dependability and high speed. But since high-speed wireless communication normally uses millimeter-scale radio waves, communication can be established only in line of sight. In the 5GHz band used for wireless LANs, however, communication is possible over the horizon. Tohoku University is proposing its Dependable Air with wireless handsets that use multiple standards (heterogeneous) to conduct seamless handovers according on the environment. Mitsubishi Electric's new RF front-end IC is a miniaturized multiband model that uses the 5GHz and 60GHz bands. Size was reduced about 30% by sharing parts of the 5GHz and 60GHz RF front-ends. Mitsubishi Electric also reduced the extent of trial IC manufacturing by introducing electro-magnetic simulation of performance effects in millimeter-wave bands for assembled ICs. Going forward, Mitsubishi Electric plans to pursue standardization of this wireless communication, including IEEE802.11 and other standards, as well as develop RF-IC business for millimeter-wave communication devices.

 

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MIE1 Competitors

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MIE1

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Valuation MIE1 Industry Range
Price/Earnings 15.8x
Price/Sales 0.7x
Price/Book 1.8x
Price/Cash Flow 15.8x
TEV/Sales 0.4x
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