|Mitsubishi Denki kabushikigaisha|
|Formerly||Mitsubishi Electric Manufacturing Co., Ltd.|
|Founded||January 15, 1921|
|Headquarters||Tokyo Building, 2-7-3, Marunouchi, Chiyoda, Tokyo, Japan|
|Mitoji Yabunaka (Chairman),|
(President & CEO)
|Products||Energy and electric systems, electronic devices, industrial automation systems, home appliances, information and communication systems and space systems|
|Revenue||¥4.476 trillion (2022)|
|¥252 billion (2022)|
|¥203 billion (2022)|
|Total assets||¥5.107 trillion (2022)|
|Total equity||¥2.975 trillion (2022)|
Number of employees
Mitsubishi Electric Corporation (三菱電機株式会社, Mitsubishi Denki kabushikigaisha, also abbreviated as MELCO), established on 15 January 1921, is a Japanese multinational electronics and electrical equipment manufacturing company headquartered in Tokyo, Japan. It is one of the core companies of Mitsubishi. 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.
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.
MELCO held the record for the fastest elevator in the world, in the 70-story Yokohama Landmark Tower, from 1993 to 2005.
The company acquired Nihon Kentetsu, a Japanese home appliance manufacturer, in 2005.
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.
In early 2020, MELCO was identified as a victim of the year-long cyberattacks perpetrated by the Chinese hackers.
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.
In 2021, the World Intellectual Property Organization (WIPO)’s annual World Intellectual Property Indicators report ranked Mitsubishi Electric's number of patent applications published under the PCT System as 3rd in the world, with 2,661 patent applications being published during 2020. This position is down from their previous ranking as 2nd in 2019 with 2,334 applications. 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.
As of 2013,[update] MELCO's business network around the world were the following:
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.
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