Last $12.85 USD
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As of 8:10 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

mitsubishi electric corp (MIELF) Snapshot

Open
$12.85
Previous Close
$12.85
Day High
$12.85
Day Low
$12.85
52 Week High
07/24/14 - $13.55
52 Week Low
08/29/13 - $9.80
Market Cap
27.6B
Average Volume 10 Days
30.0
EPS TTM
--
Shares Outstanding
2.1B
EX-Date
09/27/14
P/E TM
--
Dividend
--
Dividend Yield
1.31%
Current Stock Chart for MITSUBISHI ELECTRIC CORP (MIELF)

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mitsubishi electric corp (MIELF) 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 (MIELF) Top Compensated Officers

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mitsubishi electric corp (MIELF) Key Developments

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.

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

Mitsubishi Electric Corporation announced consolidated financial results for the first quarter ended June 30, 2014. For the quarter, the company reported net sales of JPY 910,648 million against JPY 834,829 million a year ago. Operating income was JPY 59,319 million against JPY 34,198 million a year ago. Income before income taxes was JPY 67,859 million against 42,651 million a year ago. Net income attributable to the company was JPY 43,021 million against 25,457 million a year ago. Net cash provided by operating activities was JPY 128,610 million against 182,065 million a year ago. Capital expenditure was JPY 36,177 million against 32,510 million a year ago. Basic net income per share attributable to the company was JPY 20 against JPY 11 a year ago. For the first half ending September 30, 2014, the company revised the earnings guidance. Net sales will be JPY 1,980.0 billion against previous guidance of JPY 1,950.0 billion. Operating income will be JPY 100.0 billion against previous guidance of JPY 83.0 billion. Income before income taxes will be JPY 110.0 billion against previous guidance of JPY 93.0 billion. Net income attributable to the company will be JPY 80.0 billion against previous guidance of JPY 68.0 billion. For the year ending March 31, 2015, the company revised the earnings guidance. Net sales will be JPY 4,220.0 billion against previous guidance of JPY 4,180.0 billion. Operating income will be JPY 260.0 billion against previous guidance of JPY 250.0 billion. Income before income taxes will be JPY 260.0 billion against previous guidance of JPY 260.0 billion. Net income attributable to the company will be JPY 175.0 billion against previous guidance of JPY 175.0 billion.

 

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MIELF Competitors

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MIELF

Industry Average

Valuation MIELF 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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