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21.11.25 - 08:36
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Mitsubishi Electric Completes Acquisition of AG MELCO Elevator (Business Wire)
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Will strengthen operations in the Middle East and enhance global building systems businessTOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has completed the acquisition of all shares of AG MELCO Elevator Co. L.L.C., an affiliated elevator company based in Dubai, Emirate of Dubai, United Arab Emirates, from Rawafed Almustaqbal Group L.L.C, a 100% subsidiary of Al Ghurair Investment L.L.C., making AG MELCO Elevator a wholly owned subsidiary.
Mitsubishi Electric and its Tokyo-based subsidiary Mitsubishi Electric Building Solutions Corporation are focused on strengthening their elevator maintenance and renewal business, which is expected to see increased demand in the building systems sector, one of Mitsubishi Electric's key growth businesses.
This agreement marks a significant milestone in the long-standing and mutually beneficial relationship between Mitsubishi Electric and Al Ghurair Investment, which has spanned over 50 years since the establishment of AG MELC...
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12.11.25 - 10:06
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EBARA to Acquire Mitsubishi Electric′s Three-Phase Motor Business (Business Wire)
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TOKYO--(BUSINESS WIRE)--EBARA Corporation (Head Office: Ota-ku, Tokyo; Director, CEO & COO President, Representative Executive Officer: Shugo Hosoda; hereinafter "EBARA") and Mitsubishi Electric Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Executive Officer, President and CEO: Kei Uruma; hereinafter "Mitsubishi Electric") announce that they have reached an agreement on November 12, 2025, for the transfer of the following assets from Mitsubishi Electric to EBARA.
The business assets planned for transfer include:
The three-phase and Interior Permanent Magnet (IPM) motor businesses, together with the production facilities and lines at Mitsubishi Electric's Shinshiro Factory, a satellite site of its Nagoya Works in Shinshiro City, Aichi Prefecture. (Nagoya Works remains Mitsubishi Electric's principal factory automation (FA) manufacturing campus and will continue to develop and produce a wide range of FA control equipment.)
The industrial motor, pump, and die casting businesses operated by Mi...
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12.11.25 - 02:36
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Foxconn earnings preview: investors look for proof behind its AI and EV push (Digitimes)
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Foxconn (Hon Hai Group) is scheduled to hold its third-quarter earnings call on November 12, with strong investor attention focused on the company's advancements in AI server cabinets and new smartphones. Market enthusiasm has been buoyed by the performance of these products, while anticipation builds around progress in AI hardware and upcoming smartphone orders as the industry moves into the fourth quarter. Investors also await updates on Foxconn's electric vehicle (EV) and robotics projects, as well as collaborative efforts with major partners such as SoftBank Group, Mitsubishi Electric, and TECO Electric....
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31.10.25 - 07:51
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Mitsubishi Electric Announces Consolidated Financial Results for the Second Quarter (First Half) of Fiscal 2026 (Business Wire)
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TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today its consolidated financial results for the second quarter (first half), ended September 30, 2025, of the current fiscal year ending March 31, 2026 (fiscal 2026).
The full document on Mitsubishi Electric's financial results can be viewed at the following link:
www.MitsubishiElectric.com/en/pr
Consolidated Financial Results
Billions of yen
H1 FY25
H1 FY26
YoY
Revenue
2,643.5
2,732.5
+88.9
103%
Operating profit
176.6
224.3
+47.6
127%
%
6.7%
8.2%
+1.5pt
-
Profit before income taxes
176.7
253.9
+77.2
144%
Net profit attributable to
Mitsubishi Electric Corp. stockholders
118.6
189.3
+70.7
160%
Key Points
1. H1(*1) FY26: Revenue ¥2,732.5 bn (+¥88.9 bn YoY), Operating Profit ¥224.3 bn (+¥47.6 bn YoY)
- Although impacted by the stronger yen, both revenue and operating profit increased YoY, due to increases in sales mainly in the Infrastructure segment, and the progress of initiatives for improving profitability such as impro...
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31.10.25 - 07:51
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Mitsubishi Electric Announces Status and Conclusion of Company Stock Repurchase (Business Wire)
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According to Articles of Incorporation Pursuant to Article 459, Paragraph 1 of Companies Act of JapanTOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today the conclusion of its repurchase of company stock, approved by the Board of Directors on April 28, 2025 pursuant to the provisions of Article 459, paragraph 1 of the Companies Act, as well as Article 31 of the company's articles of incorporation, as shown below.
1.
Type of shares:
Common stock
2.
Number of shares:
4,710,600 shares
3.
Aggregate value:
JPY 18,618,025,600
4.
Period:
October 1 to 30, 2025
5.
Method:
Market trades on Tokyo Stock Exchange
(For reference)
1.
Details of resolution approved by the Board of Directors on April 28, 2025
(1)
Type of shares:
Common stock
(2)
Number of shares:
60,000,000 shares (maximum unit)
2.89% of issued and outstanding shares (excluding treasury stock)
(3)
Aggregate value:
JPY 100 billion (maximum limit)
(4)
Period:
April 30, 2025 to October 31, 2025
(5)
Method:
Market trades on T...
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27.10.25 - 08:06
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Mitsubishi Electric Hydronics & IT Cooling Systems Invests in South African Sales and Services Company (Business Wire)
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Strengthening one-stop services to capture growing local demand for data center cooling solutionsTOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its wholly owned subsidiary Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. (MEHITS), headquartered in Bassano, Italian Republic, has acquired a stake in Intramech Pty Ltd., a Republic of South Africa company specializing in sales and services for applied HVAC and IT cooling systems.
By deepening its relationship with Intramech, a company with strengths in sales, service and engineering in southern Africa, Mitsubishi Electric expects to expand both companies' know-how as well as enhance its own one-stop service capabilities for applied HVAC and IT cooling systems. In combining Mitsubishi Electric's product lineup with Intramech's know-how and local capabilities, the two companies will complement each other's expertise in maintenance services, equipment engineering and system integration. Together, they will...
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06.10.25 - 02:54
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Mitsubishi Electric opens SiC plant amid cooling EV market (Digitimes)
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Mitsubishi Electric held a completion ceremony on October 1, 2025, for its new power semiconductor factory in Kumamoto Prefecture, Japan. The facility will produce silicon carbide (SiC) power semiconductors, primarily targeting the electric vehicle (EV) market. However, the company has delayed expected growth targets amid slower-than-anticipated EV demand, with capacity expansion now set to proceed gradually based on market conditions....
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