Mitsubishi Electric Corp
F:MIE
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Mitsubishi Electric Corp
F:MIE
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NASDAQ:TRMK
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Mitsubishi Electric Corp
Mitsubishi Electric makes electrical and electronic equipment for factories, buildings, infrastructure, transportation, and homes. Its products include factory automation gear, air conditioners, elevators and escalators, power systems, semiconductors, and other control and communication equipment. The company sells these products to businesses, governments, utilities, and consumers that need reliable hardware to run machines, move people, manage power, or control indoor climate. The company makes money by selling equipment, parts, and systems, and by providing installation, maintenance, and service contracts that keep those systems running over time. Many of its customers buy through long project cycles, so Mitsubishi Electric often works with contractors, system integrators, distributors, and industrial buyers rather than selling only directly to end users. That gives it a mix of one-time equipment sales and more steady service and replacement demand. What makes Mitsubishi Electric different is that it sits in the middle of many important industrial value chains. It does not just make standalone devices; it supplies the controls, power electronics, and mechanical systems that help other companies and public institutions operate safely and efficiently. That wide role makes it a supplier to large-scale infrastructure and industrial customers as well as a household brand in climate control and home appliances.
Mitsubishi Electric makes electrical and electronic equipment for factories, buildings, infrastructure, transportation, and homes. Its products include factory automation gear, air conditioners, elevators and escalators, power systems, semiconductors, and other control and communication equipment. The company sells these products to businesses, governments, utilities, and consumers that need reliable hardware to run machines, move people, manage power, or control indoor climate.
The company makes money by selling equipment, parts, and systems, and by providing installation, maintenance, and service contracts that keep those systems running over time. Many of its customers buy through long project cycles, so Mitsubishi Electric often works with contractors, system integrators, distributors, and industrial buyers rather than selling only directly to end users. That gives it a mix of one-time equipment sales and more steady service and replacement demand.
What makes Mitsubishi Electric different is that it sits in the middle of many important industrial value chains. It does not just make standalone devices; it supplies the controls, power electronics, and mechanical systems that help other companies and public institutions operate safely and efficiently. That wide role makes it a supplier to large-scale infrastructure and industrial customers as well as a household brand in climate control and home appliances.
Record Q1: Mitsubishi Electric posted record first-quarter revenue of JPY 1,497.1 billion, up 14% year over year, and record Q1 adjusted operating profit of JPY 144.3 billion, up JPY 50.4 billion.
Guidance Raised: Full-year fiscal 2027 revenue guidance was raised to JPY 6.27 trillion, and adjusted operating profit guidance was raised to JPY 620 billion, up JPY 30 billion from the initial forecast.
AI and Semis: Factory Automation Systems and Semiconductor & Device were standout businesses, helped by stronger demand for AI and semiconductor-related products in China, Japan, Taiwan and elsewhere.
FX Helped: A weaker yen boosted Q1 revenue by JPY 85 billion and operating profit by JPY 22 billion, and management said it also supported the higher full-year outlook.
Earthquake Update: Mitsubishi Electric said its two Kumamoto semiconductor sites had no significant building damage, inspections were completed, and operations were gradually resuming.
Cash Flow: Free cash flow was positive JPY 301.5 billion, up JPY 127.4 billion year over year, supported by stronger profit and the return of retirement benefit trust assets.