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12.03.26 - 04:06
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Mitsubishi Electric Invests in Elephantech Under New Partnership (Business Wire)
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Aims to accelerate reduced-impact inkjet printing of circuit boardsTOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has invested in Elephantech Inc., a startup developing proprietary nano-ink technology for inkjet printing, and signed a partnership agreement with the company. Through the partnership, Mitsubishi Electric aims to accelerate the industry's shift to manufacturing printed circuit boards (PCBs) using inkjet printing, a process known for its significantly reduced environmental impact. Previously, Mitsubishi Electric's Corporate Venture Capital (CVC) fund invested in Elephantech in May 2023.
Elephantech has developed advanced copper nano-ink technology for an innovative manufacturing process that prints the ink on a substrate only where needed to form circuits. Compared to conventional methods, this process dramatically reduces the number of manufacturing steps while lowering copper and water usage as well as CO₂ emissions. The result is lower manu...
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10.03.26 - 19:06
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Mitsubishi Electric Trane HVAC US CEO Mark Kuntz Announces His Retirement (Business Wire)
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Kuntz retires after nearly two decades of leadership; Andrew Kelso named new CEOSUWANEE, Ga.--(BUSINESS WIRE)--Mitsubishi Electric Trane HVAC US LLC (METUS), a leading supplier of all-electric, all-climate Ductless and Ducted Mini-split and Variable Refrigerant Flow (VRF) heat pump and air-conditioning systems, today announced that Mark Kuntz will retire as Chief Executive Officer, effective March 31, 2026. Andrew Kelso, METUS Chief Operating Officer, will succeed Kuntz as CEO. Kuntz will remain in an advisory role through a transition period, working closely with leadership, customers, distributors, and other partners to support a smooth transition.
Kuntz concludes a 16‑year career with METUS marked by significant growth, innovation, and industry leadership. Among his many accomplishments, Kuntz helped deliver the first Target store to install CITY MULTI® VRF systems, established the company's first major national account, Kroger Co., and oversaw the formation of the Mitsubishi Electric–Ingersoll R...
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02.03.26 - 07:09
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Joint Investment in Satellite Data Services Co., Ltd. Expected to Accelerate Use of Diverse Satellite Data (Business Wire)
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Satellite data services will help resolve wide-ranging global issuesTOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation, MUFG Bank, Ltd., Integrated Design & Engineering Holdings Co., Ltd. (ID&E), Kokusai Kogyo Co., Ltd., and ZENRIN Co., Ltd. announced today that they invested in Satellite Data Services Co., Ltd. (SDS) on February 27. Mitsubishi Electric, MUFG Bank, and ID&E increased their existing stakes through a third-party allotment of shares, while Kokusai Kogyo and ZENRIN invested in SDS for the first time. As a result, SDS has now transitioned into a fully operating company.
The Government of Japan is promoting the use of satellite data in public-sector operations through a task force that developed a basic policy for the future utilization of satellite data. This policy encourages ministries and agencies to proactively use satellite data for purposes including the strengthening of infrastructure and addressing global challenges. In addition, as part of a goal to establish a planned Disaster M...
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19.02.26 - 14:00
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Wage Talks Begin in Earnest at Japanese Electronics Makers (Nippon)
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Tokyo, Feb. 19 (Jiji Press)--Labor unions of major Japanese electronics makers kicked off this year's "shunto" spring wage negotiations in earnest Thursday, submitting pay hike demands to their respective firms' management. Unions at Hitachi Ltd., Mitsubishi Electric Corp. and other large companies requested a pay scale increase of 18,000 yen per month, bigger than last year's record-high d......
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19.02.26 - 08:33
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Mitsubishi Electric Announces Organizational Changes and Changes in Executive Officers and Executive Officers (Associate) Effective April 1 (Business Wire)
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TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today its organizational changes and changes in the executive officer structure and division of duties effective April 1, 2026, pursuant to a resolution passed during a regular meeting of the Board of Directors held earlier today. The company also announced Executive Officers (Associate) to be appointed on the same date.
1. Organizational Change (effective April 1, 2026)
(1) Renaming Corporate Human Resources Group to Corporate Human Resources & Culture Transformation Group
Mitsubishi Electric intends to promote organizational culture reform initiatives from an employee perspective, which had previously been promoted by the Corporate Culture Transformation Div. of the Sustainability Innovation Group, comprehensively with human resources strategies and fortify its execution capabilities. For this purpose, the company will incorporate and consolidate the Corporate Culture Transformation Div. into the Corporate Human Resources Gr...
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03.02.26 - 07:51
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Mitsubishi Electric Announces Consolidated Financial Results for the Third Quarter (First 9 Months) 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 third quarter (first 9 months), ended December 31, 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
Q3 FY25
Q3 FY26
YoY
Revenue
1,356.7
1,423.5
+66.7
105%
Operating profit excluding Next-Stage
126.8
144.7
+17.8
114%
%
9.4%
10.2%
+0.8pt
-
Amount of Next-Stage
-
-74.3
-74.3
-
Operating profit
126.8
70.3
-56.4
55%
%
9.4%
4.9%
-4.5pt
-
Profit before income taxes
167.8
125.4
-42.4
75%
Net profit attributable to
Mitsubishi Electric Corp. stockholders
129.4
108.8
-20.5
84%
Key Points
1. Q31 FY'26: Revenue ¥1,423.5 bn (+¥66.7 bn YoY, record high), Operating Profit excluding Next-Stage ¥144.7 bn (+¥17.8 bn YoY, record high)
- Excluding the impact of the Next-Stage Support Program2, both...
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29.01.26 - 08:33
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Mitsubishi Electric Completes Full Acquisition of Nozomi Networks (Business Wire)
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TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today the completion of its acquisition of all outstanding shares of Nozomi Networks Inc., following the announcement on September 9, 2025 regarding its plan to make Nozomi a wholly-owned subsidiary.
Overview of the Subsidiary Being Transferred
Name
Nozomi Networks Inc.
Location
Suite 3650, 575 Market St, San Francisco CA 94105
President & CEO
Edgard Capdevielle
Description of
business
Development and sales of OT security solutions
Year of establishment
September 16, 2016
Employees
336 (as of December 2025)
Nozomi Networks' consolidated operating results and financial positions in the past three years
(unit: thousand USD)
As of / for the year ended
December 31, 2023
December 31, 2024
December 31, 2025
Net revenue
62,560
74,695
101,709
Closing Date
January 28, 2026
Future Outlook
Mitsubishi Electric will promptly inform if there is a need to revise its consolidated performance forecasts or if there are any matters that should ...
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