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Mitsubishi Electric (OTC:MIELY) Stock, Option Chain

MITSUBISHI ELECT COR

Mitsubishi Electric

Mitsubishi Electric is a diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company's core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.

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MITSUBISHI ELEC UNSP/ADR by Mitsubishi Electric Corp.

Mitsubishi Electric Corp

Idemitsu Kosan Co., Ltd. (hereinafter, "Idemitsu Kosan") and Mitsubishi Electric Corporation (hereinafter, "Mitsubishi Electric") are pleased to announce that they have agreed to start collaboration for use of biomass plastics in home appliances, with the aim of promoting biomass plastics in the home appliance market. Idemitsu Kosan will produce biomass chemicals using the mass balance method. Mitsubishi Electric aims to use biomass plastics made from the chemicals for Mitsubishi Electric's home appliances (e.g., air conditioners and refrigerators).

Reported Earlier, Mitsubishi Electric And Idemitsu Kosan Join Forces To Advance Biomass Plastics In Home Appliances

2. FY25 forecast: Revenue ¥5,400.0 bn (+¥10.0 bn compared to the previous announcement), Operating Profit ¥400.0 bn (unchanged from the previous announcement)
- Due mainly to foreign exchange rates reconsidered in line with the weaker yen, revenue is expected to exceed the previous announcement.
- Mitsubishi Electric Group will steadily implement ongoing initiatives to improve profitability and efficiency in each business.

Earnings

Guidance

MIELF

Mitsubishi Electric Revises FY25 Revenue Forecast To ¥5.4T, Maintains Operating Profit at ¥400B

Mitsubishi Electric Q3 Sales ¥1.356T ($8.81B) Up From ¥1.243T YoY; Net Profit Attributable Stockholders ¥129.4B Up From ¥65.8B YoY

Aims to leverage cloud computing and generative AI, and to help reduce data center carbon footprints

Reported Earlier, Mitsubishi Electric And AWS Forge Strategic Partnership To Advance Cloud, AI, And Sustainability Goals

Eighth-generation IGBT chips help to minimize power loss in renewable-energy power-supply systems

Reported Earlier, Mitsubishi Electric To Begin Shipping LV100 1.2-Kv IGBT Module For Industrial Use

While the company will make a significant investment in this project, its U.S. subsidiary, MELCO HVAC US, Inc., is pleased to receive a $50 million award from the U.S. Department of Energy (DOE)'s Office of Manufacturing and Energy Supply Chains (MESC) for the domestic production of high-efficiency heat pump technology. This funding will be allocated over three years for the retrofitting of the U.S. factory.&nbsp;

Reported Earlier, Mitsubishi Electric To Invest $143.5M In U.S.-Based Factory For High-Efficiency Heat Pump Compressor Production

Through this acquisition, we will expand our maintenance business in Norway and further strengthen our business foundation by promoting a strategy aimed at increasing our elevator maintenance stock in the European market, where we anticipate continued growth in demand for maintenance and renewal.

Mitsubishi Electric Enhances European Elevator And Escalator Business Through Acquisition Of ALT Heis

Reported Earlier, Mitsubishi Electric To Invest ¥10B In New Power Semiconductor Facility

FY25 forecast: Revenue ¥5,390.0 bn, Operating Profit ¥400.0 bn (unchanged from the previous announcement) - We will steadily implement initiatives to achieve earnings targets, including improvements in product prices to reflect the impact of rising procurement costs.

Mitsubishi Electric Reaffirms Its 2025 Forecast Of Revenue ¥5,390B, And Operating Profit ¥400B

<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="5" rowspan="1">Consolidated Financial Results</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Billions of yen</td>
<td colspan="1" rowspan="1">H1 FY24</td>
<td colspan="1" rowspan="1">H1 FY25</td>
<td colspan="2" rowspan="1">YoY</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Revenue</td>
<td colspan="1" rowspan="1">2,538.4</td>
<td colspan="1" rowspan="1">2,643.5</td>
<td colspan="1" rowspan="1">+105.1</td>
<td colspan="1" rowspan="1">104%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Operating profit</td>
<td colspan="1" rowspan="1">135.8</td>
<td colspan="1" rowspan="1">176.6</td>
<td colspan="1" rowspan="1">+40.8</td>
<td colspan="1" rowspan="1">130%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">%</td>
<td colspan="1" rowspan="1">5.4%</td>
<td colspan="1" rowspan="1">6.7%</td>
<td colspan="1" rowspan="1">+1.3pt</td>
<td colspan="1" rowspan="1">-</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Profit before income taxes</td>
<td colspan="1" rowspan="1">159.7</td>
<td colspan="1" rowspan="1">176.7</td>
<td colspan="1" rowspan="1">+16.9</td>
<td colspan="1" rowspan="1">111%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Net profit attributable to
Mitsubishi Electric Corp. stockholders
</td>
<td colspan="1" rowspan="1">12</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
</tbody>
</table>
</figure>

Mitsubishi Electric H1 2025 Revenue ¥2,643.5B Up From ¥2,538.4B YoY, Operating Profit ¥176.6B Up From ¥135.8B YoY

New investments will respond to trends in energy transition and increasing power demand

Reported Earlier, Mitsubishi Electric Expands Global Energy Production With $110M Investment In Facilities In U.S. and Japan

Through its investment in Formic Technologies, Mitsubishi Electric aims to develop a new business model that evolves its automation solutions into more accessible formats for its customers going forward.

Reported Earlier, Mitsubishi Electric's ME Innovation Fund Backs Formic Technologies To Revolutionize Industrial Robotics With Subscription Model

Expands the company&#39;s lineup of greenhouse gas-free products, helping to achieve carbon neutrality

Reported Earlier, Mitsubishi Electric Secures Order For 84kv Dry Air Insulated Switchgear From Kansai Transmission, Advancing Carbon Neutrality

While private LTE/5G networks have increasingly been introduced in the U.S. since prices for both 5G devices and 5G base stations have fallen, only a few businesses can offer these networks as IaaS. Therefore, the introduction of these networks has required multiple providers working on network design, creation, operation, and maintenance. This has been a significant problem for companies and local governments that wish to create their own private networks. Moreover, although these entities understand the advantage of a private network, many have postponed its introduction due to the cost-effectiveness of capital investment since device configuration is complicated and devices are expensive.

Reported Earlier, Mitsubishi Electric's ME Innovation Fund Backs Pente Networks To Advance Private LTE/5G Solutions

Mitsubishi Electric Corporation&nbsp;(Chiyoda-ku, Tokyo) and Musashi Energy Solutions Co., Ltd. (Hokuto City, Yamanashi Prefecture), a subsidiary of Musashi Seimitsu Industry Co., Ltd. (Toyohashi City, Aichi Prefecture), announced today their signing of a partnership and co-development agreement on May 14 for Innovative Energy Storage Devices to be incorporated into Innovative Energy Storage Modules, and Battery Management Systems (BMSs) that monitor and control battery usage for railway operators and rolling stock manufacturers.

Reported Earlier, Mitsubishi Electric Collaborates With Musashi Energy Solutions To Advance Carbon Neutrality In The Global Railway Industry

Contributing to Artemis Program by leveraging experience in developing spacecraft including HTV-X
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.mitsubishielectric.com%2F&amp;esheet=53978774&amp;newsitemid=20240508118668&amp;lan=en-US&amp;anchor=Mitsubishi+Electric+Corporation&amp;index=1&amp;md5=618567e26b0f7cd4119442a5bf0f3c94">Mitsubishi Electric Corporation</a>&nbsp;(TYO:<a class="ticker" href="https://www.benzinga.com/stock/TYO:6503#TYO">6503</a>) announced today that it has been awarded a contract by the Japan Aerospace Exploration Agency (JAXA) to supply space-use lithium-ion batteries for the Gateway, a lunar orbiting space station.
Under the &quot;Joint Exploration Declaration of Intent for Lunar Cooperation (JEDI)&quot; signed on July 10, 2020 by the Ministry of Education, Culture, Sports, Science, and Technology of Japan and the National Aeronautics and Space Administration of the United States of America, Japan has agreed to provide batteries for the Gateway space station in the Artemis Program for lunar exploration of the United States

Contracts

TYO:6503

Reported Earlier, Mitsubishi Electric Secures Major Contract To Supply Space-Use Lithium-Ion Batteries For "Gateway" Lunar Orbital Platform

The Business Transfer does not include the transformers manufactured at Mitsubishi Electric&#39;s Transmission &amp; Distribution Systems Center, Ako Factory.
&nbsp;After obtaining approval from the relevant authorities, assets and other items related to the distribution transformer business (development, design, manufacturing, sales, and maintenance) at Mitsubishi Electric&#39;s Nagoya Works will be transferred to Hitachi Industrial Equipment Systems in stages beginning in October 2024, with completion scheduled for April 1, 2026.

HTHIF

Mitsubishi Electric Transfers Distribution Transformer Business To Hitachi Industrial Equipment Systems

Going forward, Mitsubishi Electric expects to leverage AIRCALO&#39;s broad product line and strong customization capabilities to expand and upgrade its hydronic HVAC systems business in the diversifying European market, including by meeting strong demand for made-to-order products and environmental awareness.
Will strengthen hydronic HVAC systems business in European market

Reported Earlier, Mitsubishi Electric Subsidiaries Acquire French A/C Maker AIRCALO; Terms Not Disclosed

Mitsubishi Electric Corporation&nbsp;announced today that it has reached agreement with Nozomi Networks Inc, a developer and distributor of operational technology (OT) security solutions, to jointly pursue OT security initiatives including marketing and technical development. As part of the agreement, Mitsubishi Electric has acquired an equity stake in Nozomi Networks.

Mitsubishi Electric Partners With Nozomi Networks To Expand Operational Technology Security Solutions

Based on the agreement, Mitsubishi Electric will integrate its factory-automation (FA) equipment and OT security solutions with Dispel&#39;s secure remote-access technology to provide a Zero Trust Remote Access Service that monitors, controls and verifies remote-access operations involving equipment in manufacturing facilities. For Mitsubishi Electric, the goal is to accelerate digital manufacturing by utilizing data throughout entire product lifecycles, from design and installation to operation and maintenance, and thereby strengthen the company&#39;s Circular Digital-Engineering business.

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