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 15% of the company's sales in FY2024.

Business Area (BA)	Business Group
Infrastructure	Public utility systems
	Energy Systems
	Defense & Space Systems
Industry Mobility	Factory Automation Systems
Industry Mobility	Automotive Equipment
Life	Building Systems
Life	Air conditioning systems, home appliances
Business Platform (BP)	IT systems and services
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

-Listed on the Prime Market of the Tokyo Stock Exchange.

(As of Mar. 31, 2025)

Name or Company Name	Investment Ratio (%)
The Master Trust Bank of Japan, Ltd. (Trust Account)	15.49
Custody Bank of Japan, Ltd. (Trust Account)	5.33
STATE STREET BANK AND TRUST COMPANY 505001 (Standing proxy Mizuho Bank, Ltd. Yen Settlement Sales Section)	4.47
Meiji Yasuda Life Insurance Company	3.94
STATE STREET BANK AND TRUST COMPANY 505223 (Standing proxy Mizuho Bank, Ltd. Yen Settlement Sales Section)	2.34
JP MORGAN CHASE BANK 385632 (Standing proxy Mizuho Bank, Ltd. Yen Settlement Sales Section)	2.23
Employees Stockholding	2.12
STATE STREET BANK WEST CLIENT ‒ TREATY 505234 (Standing proxy Mizuho Bank, Ltd. Yen Settlement Sales Section)	1.92
JP MORGAN CHASE BANK 380055 (Standing proxy Mizuho Bank, Ltd. Yen Settlement Sales Section)	1.76
Nippon Life Insurance Company Ltd.	1.75
Total	41.36

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Products

ｰElectrification

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

-ADAS

ADAS Control Unit
LED control units
High-definition locator
Driver monitoring system
Ultrasonic Corner Sensor

-Powertrain

Alternators
Starters
Flywheel AC generators
EGR valves
Purge control solenoid valve
Turbo actuator
Variable Valve Timing actuator
Transmission control units
Pulse generators
Electric oil pumps
Air-flow Sensor
Pressure sensors
Injectors
Ignition coils
Actuator drive units
Gasoline engine control units
Revolution sensors
Fuel pump

-Vehicle Control Products

Brush motors
Brush motor control units
Brushless motor control unit FI
Brushless motor control unit RI
Smart entry systems
Body control units

-In-Vehicle Infotainment

Car Navigation System/Display
Rear seat entertainment system
Car Amplifier/Speaker
In-vehicle ETC Unit / In-vehicle ETC Unit (ETC 2.0)

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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.