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Mitsubishi Electric Corp. engages in the manufacture, development, and sale of electric and electronic equipment. It operates in the following business segments: Energy and Electric Systems, Industrial Automation Systems, Information and Communication Systems, Electronic Devices, Home Appliances, and Others. Read More The Energy and Electric Systems segment offers power and transportation systems, elevators, escalators, and supervisory control systems. The Industrial Automation Systems segment covers industrial automation products and systems, measurement and control systems, automotive and electronic products, and car multimedia systems. The Information and Communication Systems segment includes wireless, closed circuit television, space, and satellite communication systems, antennas, radar devices, and information communications network systems. The Electronic Devices segment provides power, high frequency, and optical devices; and liquid crystal displays. The Home Appliances segment covers air-conditioning and photovoltaic power generation systems, televisions, recorders, and players. The Others segment comprises of material procurement, logistics, real estate, advertising, and financial services. The company was founded on January 15, 1921 and is headquartered in Tokyo, Japan. MIELY is listed on the Pink Current market tier. OTC market data is provided by OTC Markets Group, Inc (otcmarkets.com).
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Markets InsiderApr 26
Mitsubishi Electric FY19 Profit Down, Revenues Up; Sees Higher Results In FY20
(RTTNews) - Japan's Mitsubishi Electric Corp. (MIELF.PK, MIELY.PK) reported Friday that its fiscal 2019 net profit attributable to stockholders decreased 11% from last year to 226.6 billion yen. Consolidated operating profit fell 11% year-over-year to 290.4 billion yen, due to decreased profits in the Industrial Automation Systems and Electronic Devices segments. Mitsubishi recorded a revenue of 4.52 trillion yen for fiscal 2019, an increase of 2% from the previous year. The higher revenues reflected incr...
Yahoo FinanceApr 26