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Mitsubishi Electric

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Not to be confused with Melco.
Not to be confused with Mitsubishi or Mitsubishi Heavy Industries.
Mitsubishi Electric Corporation
Native name
三菱電機株式会社
Mitsubishi Denki kabushikigaisha
FormerlyMitsubishi Electric Manufacturing Co., Ltd.
Company typePublic
TYO: 6503
LSE: MEL
IndustryElectrical equipment
Electronics
Home appliances
Semiconductors
FoundedJanuary 15, 1921; 103 years ago (1921-01-15)
Tokyo, Japan
HeadquartersTokyo Building, 2-7-3, Marunouchi, Chiyoda, Tokyo, Japan
Area served
Worldwide
Key people
ProductsEnergy and electric systems, electronic devices, industrial automation systems, home appliances, information and communication systems and space systems
RevenueIncrease ¥4.476 trillion (2022)[2]
Increase ¥252 billion (2022)[2]
Increase ¥203 billion (2022)[2]
Total assetsIncrease ¥5.107 trillion (2022)[2]
Total equityIncrease ¥2.975 trillion (2022)[2]
Number of employees
149,655[3] (2022)
Subsidiaries
List
  • Mitsubishi Electric Information Systems
  • Mitsubishi Electric Information Network
  • Mitsubishi Electric IT Solutions
  • Mitsubishi Electric Building Solutions
  • Mitsubishi Electric Engineering
  • Mitsubishi Electric Software
  • Mitsubishi Electric System & Serviece
  • Mitsubishi Electric Plant Engineering
  • Mitsubishi Electric Mechatronics Engineering
  • Melco Semiconductor Engineering
  • Mitsubishi Electric Lighting
  • Mitsubishi Precision
  • Mitsubishi Electric TOKKI Systems
  • SPC Electronics
  • Mitsubishi Electric Control Panel
  • Mitsubishi Electric Public Utility Equipment
  • DB Seiko
  • Melco Power Device
  • Melco Mobility Solutions
  • Mitsubishi Electric Air Conditioning & Refrigeration Equipment Sales
  • Mitsubishi Electric Life Service
  • Mitsubishi Electric Mechatronics Technologies
  • Mitsubishi Electric US Holdings
  • Mitsubishi Electric Europe
  • Mitsubishi Electric Hydronics & IT Cooling Systems
  • Mitsubishi Electric India
  • Mitsubishi Electric Asia
  • Mitsubishi Electric Thai Auto-Parts
  • Toshiba Mitsubishi-Electric Industrial Systems (50%)
Websitewww.mitsubishielectric.com Edit this at Wikidata

Mitsubishi Electric Corporation (三菱電機株式会社, Mitsubishi Denki kabushikigaisha, also abbreviated as MELCO) is a Japanese multinational electronics and electrical equipment manufacturing company headquartered in Tokyo, Japan. It was established in 1921 as a spin-off from the electrical machinery manufacturing business of Mitsubishi Shipbuilding (current Mitsubishi Heavy Industries) at the Kobe Shipyard. The products from MELCO include elevators and escalators, high-end home appliances, air conditioning, factory automation systems, train systems, electric motors, pumps, semiconductors, digital signage, and satellites.[4]

History

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MELCO was established as a spin-off from the Mitsubishi Group's other core company Mitsubishi Heavy Industries, then Mitsubishi Shipbuilding, as the latter divested a marine electric motor factory in Kobe, Nagasaki. It has since diversified to become the major electronics company.[5][6]

MELCO held the record for the fastest elevator in the world, in the 70-story Yokohama Landmark Tower, from 1993 to 2005.[7]

The company acquired Nihon Kentetsu, a Japanese home appliance manufacturer, in 2005.[8]

In 2015 the company acquired DeLclima, an Italian company that designs and produces HVAC and HPAC units, renamed Mitsubishi Electric Hydronics & IT Cooling Systems SpA in 2017.[9][10]

In early 2020, MELCO was identified as a victim of the year-long cyberattacks perpetrated by the Chinese hackers.[11]

In 2023, MELCO announced its plans to spend 100 billion yen to build a new semiconductor factory in Kumamoto Prefecture, with a target date of April 2026 to begin production.[12]

Products

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A large dish antenna in the Atacama Large Millimeter Array, manufactured by Mitsubishi Electric
Mitsubishi Electric Room Air Conditioner

In 2023, the World Intellectual Property Organization (WIPO)’s Annual PCT Review ranked Mitsubishi Electric's number of patent applications published under the PCT System as 4th in the world, with 2,152 patent applications being published during 2023.[13]

Some product lines of MELCO, such as air conditioners, overlap with the products from Mitsubishi Heavy Industries partly because the companies share the same root.[6][5]

  • Air conditioning systems
    • Room air conditioners (marketed as Mitsubishi Mr. Slim Room Air Conditioner and Mitsubishi Kirigamine)
    • Package air conditioners (Marketed as Mitsubishi Mr. Slim Packaged Air Conditioner)
    • Variable refrigerant flow (VRF) systems (marketed as Mitsubishi CITY MULTI)
    • EcoCute (marketed as Ecodan or DIAHOT)
    • Ventilators
    • Air curtains
    • Air conducting fan
  • Home appliances
    • Refrigerators and freezers
    • Air purifiers, dehumidifiers
    • Vacuum cleaners, electric fans
    • Rice cookers, toasters[14]
  • Building systems
    • Elevators, escalators
    • Moving walks
    • High-speed hand dryers (marketed as Mitsubishi Jet Towel)[15]
  • Information and communications systems
  • Factory automation systems
    • Programmable controllers
    • AC servo systems, inverters
    • Industrial and collaborative robots,[16] processing machines
  • Energy systems
    • Power generation systems
      • ITER nuclear fusion reactor
      • Photovoltaic panels[17]
    • Transmission and distribution systems
    • Medium & low-voltage switchgear and systems
    • Power information & communication technology
  • Semiconductors and devices
    • Power modules, high-power devices
    • Driver ICs
    • Sensors (Contact image sensors, etc)
    • High-frequency devices
    • optical devices
    • TFT-LCD modules
  • Transportation systems
    • Rolling stock systems
    • Power supply and electrification systems
    • Transportation planning and control systems
    • Communication systems
  • Automotive equipment
    • Charging and starting products
    • Electrification products (Electric power steering system products, safety and driving assistance system products, etc.)
    • Car multimedia products
  • Visual information systems
  • Space systems
    • Satellite programs, platforms, and components
    • Optical and radio telescopes
    • Mobile Mapping System, a high-precision GPS mobile measurement system
  • Public systems

Discontinued products

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Global operations

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The Mitsubishi Electric-owned Solae Test Tower in Inazawa City, Japan is the world's second tallest elevator testing tower.[24]
Mitsubishi Electric's United States headquarters in Cypress, California
Mitsubishi Electric office in Canada

As of 2013, MELCO's business network around the world were the following:

Slogans

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Mitsubishi Electric wordmark used exclusively in Japan between 1985 and 2014
  • With you today and tomorrow (今日もあなたと共に, 1962–1968, in Japan only)
  • Advanced and ever advancing Mitsubishi Electric (未来を開発する三菱電機, 1968–1985 in Japan, 1968–2001 outside Japan)
  • SOCIO-TECH: enhancing lifestyles through technology (技術がつくる高度なふれあい SOCIO-TECH, 1985–2001 in Japan. The "Blue MITSUBISHI" logo was introduced for use in Japan.)
  • Changes for the Better (since 2001)[32]

Sports

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Until September 2016, the company had a corporate team which is now known as the Nagoya Diamond Dolphins. Mitsubishi continues to sponsor the team.

Mitsubishi Electric signed a title sponsorship deal with the AFF Championship (renaming the competition as the AFF Mitsubishi Electric Cup) from the 2022 edition onwards.[33]

See also

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References

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  1. ^ "About Directors & Executive Officers". Retrieved 2024-01-03.
  2. ^ a b c d e "Mitsubishi Electric Annual Report 2022" (PDF). Mitsubishi Electric. Retrieved April 6, 2023.
  3. ^ "MITSUBISHI ELECTRIC About us - At-a-Glance". Retrieved 2022-10-11.
  4. ^ Corporation, Mitsubishi Electric. "Products & solutions". MITSUBISHI ELECTRIC Global Website. Retrieved 2020-07-23.
  5. ^ a b "Mitsubishi heavy industries vs Mitsubishi electric". Arlington Air Conditioning Services. 17 August 2020. Retrieved 2020-10-07.
  6. ^ a b "Mitsubishi Heavy vs. Mitsubishi Electric: Comparison Review". www.oasis-aircon.com. Retrieved 2020-07-23.
  7. ^ Pollack, Andrew (1993-09-22). "BUSINESS TECHNOLOGY; Fastest, Maybe Smoothest, Trip Up". The New York Times. ISSN 0362-4331. Retrieved 2020-07-23.
  8. ^ "Mitsubishi Electric Announces Conclusion of a Share Exchange Agreement with Nihon Kentetsu Co., Ltd". www.businesswire.com. 2005-07-04. Retrieved 2020-07-23.
  9. ^ "Mitsubishi Electric Enters into Agreement to Acquire Majority Interest in DeLclima" (PDF). Mitsubishi Electric. 2015-08-25. Archived (PDF) from the original on 2016-03-27.
  10. ^ "Climaveneta S.p.A. and RC Group S.p.A. to Merge and Begin Doing Business as Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. on January 1". Mitsubishi Electric. 2016-12-16.
  11. ^ "Mitsubishi Electric hack began in China in March 2019, defense contractor says". The Japan Times. 2020-02-13. Retrieved 2020-08-10.
  12. ^ "Mitsubishi Electric to build 100 bil. yen chip factory in Kumamoto Pref". Mainichi Daily News. 2023-03-15.
  13. ^ "PCT Yearly Review 2024" (PDF). p. 39.
  14. ^ "Mitsubishi Makes A $415 Toaster For Extreme Bread Enthusiasts". Gizmodo Australia. 2020-03-12. Retrieved 2020-07-23.
  15. ^ "Mitsubishi Jet Towl Website".
  16. ^ "Mitsubishi Electric to launch collaborative robots". Robotics & Automation News. 2018-01-02. Retrieved 2020-07-23.
  17. ^ Mitsubishi Electric Introduces New UD5 Series of Photovoltaic Modules[usurped]
  18. ^ Troaca, Florin (2008-03-03). "No More Mitsubishi Mobile Phones". Softpedia. Archived from the original on 2016-05-20. Retrieved 2014-12-10.
  19. ^ "History - 1950s". Mitsubishi Electric.
  20. ^ "1920s-1970s | History | About".
  21. ^ "1980s | History | About".
  22. ^ MSX Resource Center (2022-02-16). "Mitsubishi ML-8000 - MSX Wiki". Msx.org. Retrieved 2022-08-22.
  23. ^ "Hitachi to buy Mitsubishi Electric's particle therapy business". Nikkei Asian Review. Retrieved 2020-07-23.
  24. ^ "Mitsubishi Electric Products".
  25. ^ "mitsubishielectric.com". mitsubishielectric.com. 2011-07-20. Retrieved 2013-09-30.
  26. ^ "mitsubishielectric.ca". mitsubishielectric.ca. Retrieved 2013-09-30.
  27. ^ "mitsubishielectric-usa.com". mitsubishielectric-usa.com. Retrieved 2013-09-30.
  28. ^ "mitsubishielectric.asia". mitsubishielectric.asia. 2013-08-21. Archived from the original on 2016-03-25. Retrieved 2013-09-30.
  29. ^ "mitsubishielectric.co.jp". mitsubishielectric.co.jp. Retrieved 2013-09-30.
  30. ^ "melsa.com.sa". melsa.com.sa. Retrieved 2013-09-30.
  31. ^ "mitsubishielectric.eu". mitsubishielectric.eu. Archived from the original on 2015-04-18. Retrieved 2013-09-30.
  32. ^ "MITSUBISHI ELECTRIC CORPORATION History of the Corporate Logo". Mitsubishi Electric Corporation.
  33. ^ "AFF Announces Mitsubishi Electric as the New Title Sponsor of AFF Mitsubishi Electric Cup 2022". AFF Mitsubishi Electric Cup 2022. 19 May 2022.
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