Mitsubishi Electric Corporation

Company Profile

■URL

https://www.mitsubishielectric.com/en/

■Address

Tokyo Bldg., 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, 100-8310, Japan

Business Overview

-The Company is a comprehensive manufacturer of electric devices.
-The Automotive Equipment business is incorporated within the Industry Mobility BA (Business Area), which accounts for approximately 18% of the company's sales in FY2023.

Business Area (BA)	Business Group
Infrastructure	Public Utility Systems
	Energy & Industrial Systems
	Defense & Space Sysmtes
Industry Mobility	Factory Automation Systems
Industry Mobility	Automotive Equipment
Life	Building Systems
Life	Living Environment & Digital Media Equipment
Business Platform (BP)	Information Systems
Semiconductor Device (SD)	Semiconductor & Device

<Establishment of Mitsubishi Electric Mobility (April 1, 2024)>
・Commenced the operations of its new subsidiary, Mitsubishi Electric Mobility Corporation.
・In April 2023, Mitsubishi Electric announced the start of automotive equipment business restructuring. It will withdraw from the Automotive multi-media business which has little possibility for profitability. As for business related to connectivity, autonomous, sharing, and electrification, the company will seek partnership with other companies where synergies are possible.

Company name	Mitsubishi Electric Mobility Corporation
Capital	JPY 10 billion
Business	Development and production of automotive equipment and software, Sales, Aftermarket service
URL	https://www.mitsubishielectric-mobility.com/jp/

Featured report
Business Overview of Japanese Suppliers in 2024	Featured report

Shareholders

- From April 2022, listed on the Prime Market of the Tokyo Stock Exchange and on the London Stock Exchange.

(As of Mar. 31, 2024)

Name or Company Name	Investment Ratio (%)
The Master Trust Bank of Japan, Ltd. (Trust Account)	16.15
SSBTC CLIENT OMNIBUS ACCOUNT	5.30
Custody Bank of Japan, Ltd. (Trust Account)	5.20
Meiji Yasuda Life Insurance Company	3.92
STATE STREET BANK AND TRUST COMPANY 505223	2.49
JP MORGAN CHASE BANK 380055	2.34
Employees Stockholding	2.16
JP MORGAN CHASE BANK 385632	2.03
STATE STREET BANK WEST CLIENT ‒ TREATY 505234	1.85
Nippon Life Insurance Company Ltd.	1.74
Total	43.18

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Products

ｰElectrification products

Inverters
48V ISG system
Motor
Motor generator
EV control units
Battery management units
Motor control units
On-board chargers

-Charging and Starting systems

alternators
Starters
Flywheel AC generators

-Engine management systems

Gasoline engine control units
Revolution sensors - GMR type
Micro airflow sensors
Pressure sensors
Intake air temperature sensors
Injectors
Ignition coils
Fuel pump modules
Electric EGR valves - stepper motor type
Electric EGR valves - DC motor type
Air bypass valves
Actuator valves for turbocharger
Variable Valve Timing actuators & Oil control valves
Actuator drive units
Purge control solenoid valve
Turbo actuator

-Transmission control systems

Transmission control units
Oil pressure control solenoid valves
Oil temperature sensors
Pulse generators
Electric oil pumps

-ADAS products / Body control products

High-definition locator
ADAS ECU
Millimeter-wave radar
Smart entry systems
Immobilizer units
Body control units
Air bag control units
Ultra sonic corner sensors
HID ballast
LED control units
HID control units
Driver monitoring system

-Electric power steering systems

Brush motors
Brush motor control units
Brushless motor control units
Brushless Motor Controller Unit RI Type

ｰOn-board devices

Road traffic information systems
Rear seat entertainment systems
On-board speakers
On-board blue-ray disc players
Driver monitoring system

ｰITS Products

On-board units for Electric Toll Collection system
On-board units for Dedicated Short Range Communication

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History

Jan. 1921	Mitsubishi Shipbuilding Co. (now called Mitsubishi Heavy Industries, Ltd.) spun off a factory in Kobe, thereby establishing the Company.
Feb. 1943	The Company established the Fukuyama Plant (now called Mitsubishi Electric Corporation Fukuyama Works).
Feb. 1944	The Company established the Himeji Plant (now called Mitsubishi Electric Corporation Himeji Works).
Mar. 1944	The research division of the Company was made into a research center (now called the Advanced Technology R&D Center).
May. 1949	The Company was listed on the Tokyo Stock Exchange and the Osaka Securities Exchange.
May. 1964	The Company established the Mita Plant (now called Mitsubishi Electric Corporation Mita Works) to manufacture small opening and closing devices.
Aug. 1965	The Company established the Research Division (now called the Corporate Research and Development Group)
Aug. 1970	The Company set up the Manufacturing Engineering Research Center (now called the Manufacturing Engineering Center) to integrate production engineering activities focused on hardware.
Jun. 1981	The Company established the Information Electronic Research Center (now called the Information Technology Center) to strengthen development activities on information processing and transmission, and lightwave and radiowave technology.
Jun. 1990	The Company established the Automotive Equipment Group.
Jun. 1994	The Company reorganized its production operations into nine groups: the Energy and Industrial Systems Group, Public Utility Systems Group, Electronic Systems Group, Communication Systems Group, Image Information Group, Living Environment Group, Factory Automation Systems Group, Automotive Equipment Group, and Semiconductor and Device Group.
Aug. 1996	The Company established Mitsubishi Electric Information Technology Center America (now called Mitsubishi Electric Research Laboratories) in the U.S.
Sep. 1996	The Company set up Mitsubishi Electric Information Technology Center Europe to conduct development activities in Europe.
Jun. 1997	The Company integrated its sales companies in European countries including the U.K., Germany, and France, and established Mitsubishi Electric Europe BV.
Oct. 1998	The Company established Mitsubishi Electric (China) Co., Ltd. as a holding company to facilitate its business in China.
Apr. 2003	The Company and Hitachi, Ltd. jointly established Renesas Technology to focus on LSI design development.
Apr. 2010	A merger between Renesas Technology and NEC Electronics gave birth to Renesas Electronics Corporation.
Mar. 2013	Established Mitsubishi Electric Automotive de Mexico, S.A. de C.V. to manufacture and sell automotive electric parts/devices; in Queretaro, Mexico.
Apr. 2022	Established four business areas: infrastructure, industry mobility, lifestyle, and business platforms.
Apr. 2023	Established BA Strategy Offices in each business area, in line with the revision of the Business Area (BA) management structure.
Apr. 2024	Established Mitsubishi Electric Mobility Corporation as a spin-off of the Automotive Equipment business.