Mitsubishi Electric Corporation
Native name
三菱電機株式会社
Mitsubishi Denki kabushikigaisha
FormerlyMitsubishi Electric Manufacturing Co., Ltd.
TypePublic
TYO: 6503
LSE: MEL
IndustryElectrical equipment
Electronics
FoundedJanuary 15, 1921; 101 years ago (1921-01-15)
Tokyo, Japan
HeadquartersTokyo Building, 2-7-3, Marunouchi, Chiyoda, Tokyo, Japan
Area served
Worldwide
Key people
Setsuhiro Shimomura (Chairman),
Masaki Sakuyama
(President & CEO)
ProductsEnergy and electric systems, electronic devices, industrial automation systems, home appliances, information and communication systems and space systems
RevenueIncrease ¥4,394.4 billion (2017)[2]
Increase ¥235.0 billion (2014)[3]
Increase ¥153.5 billion (2014)[3]
Total assetsIncrease ¥3,612.9 billion (2014)[3]
Total equityIncrease ¥1,600 billion (2014)[3]
Number of employees
145,696[4] (2018)
Websitewww.mitsubishielectric.com/en/index.html Edit this at Wikidata

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.[5]

In the United States, products are manufactured and sold by Mitsubishi Electric United States headquartered in Cypress, California.[6]

History

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.[7][8]

MELCO held the record for the fastest elevator in the world, in the 70-story Yokohama Landmark Tower, from 1993 to 2005.[9]

The company acquired Nihon Kentetsu, a Japanese home appliance manufacturer, in 2005.[10]

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.[11][12]

In early 2020, MELCO was identified as a victim of the year-long cyberattacks perpetrated by the Chinese hackers.[13]

Products

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

MELCO is consistently innovative. 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.[14] This position is down from their previous ranking as 2nd in 2019 with 2,334 applications.[15] 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.[8][7]

Discontinued products

Global operations

The Mitsubishi Electric-owned Solae Test Tower in Inazawa City, Japan is the world's second tallest elevator testing tower.[25]
The Mitsubishi Electric-owned Solae Test Tower in Inazawa City, Japan is the world's second tallest elevator testing tower.[25]
Mitsubishi Electric's United States headquarters in Cypress, California
Mitsubishi Electric's United States headquarters in Cypress, California
Mitsubishi Electric office in Canada
Mitsubishi Electric office in Canada
PT Mitsubishi Electric Indonesia headquarters in Gedung Jaya.
PT Mitsubishi Electric Indonesia headquarters in Gedung Jaya.

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

Slogans

Mitsubishi Electric wordmark used exclusively in Japan between 1985 and 2014
Mitsubishi Electric wordmark used exclusively in Japan between 1985 and 2014

Sports

Until September 2016, the company had a corporate team which is now known as the Nagoya Diamond Dolphins. Mitsubishi continues sponsorship of the team.
Mitsubishi Electric was chosen as a title sponsor for AFF Mitsubishi Electric Cup 2022, a football tournament in Southeast Asia.[34]

See also

References

  1. ^ "Mitsubishi Electric Locations".
  2. ^ "Annual Report FY17" (PDF). Archived from the original (PDF) on 2015-02-10.
  3. ^ a b c d "Annual Report FY13" (PDF). Archived from the original (PDF) on 2015-02-10.
  4. ^ "MITSUBISHI ELECTRIC About us - At-a-Glance". Retrieved 2022-07-16.
  5. ^ Corporation, Mitsubishi Electric. "Products & solutions". MITSUBISHI ELECTRIC Global Website. Retrieved 2020-07-23.
  6. ^ "Mitsubishi Electric US Holdings, Inc". Bloomberg.((cite web)): CS1 maint: url-status (link)
  7. ^ a b "Mitsubishi heavy industries vs Mitsubishi electric". Arlington Air Conditioning Services. Retrieved 2020-10-07.
  8. ^ a b "Mitsubishi Heavy vs. Mitsubishi Electric: Comparison Review". www.oasis-aircon.com. Retrieved 2020-07-23.
  9. ^ Pollack, Andrew (1993-09-22). "BUSINESS TECHNOLOGY; Fastest, Maybe Smoothest, Trip Up". The New York Times. ISSN 0362-4331. Retrieved 2020-07-23.
  10. ^ "Mitsubishi Electric Announces Conclusion of a Share Exchange Agreement with Nihon Kentetsu Co., Ltd". www.businesswire.com. 2005-07-04. Retrieved 2020-07-23.
  11. ^ "Mitsubishi Electric Enters into Agreement to Acquire Majority Interest in DeLclima" (PDF). Mitsubishi Electric. 2015-08-25.
  12. ^ "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.
  13. ^ "Mitsubishi Electric hack began in China in March 2019, defense contractor says". The Japan Times. 2020-02-13. Retrieved 2020-08-10.
  14. ^ "World Intellectual Property Indicators 2021" (PDF). WIPO. Retrieved 30 November 2021.((cite web)): CS1 maint: url-status (link)
  15. ^ World Intellectual Property Organization (2020). World Intellectual Property Indicators 2020. www.wipo.int. World IP Indicators (WIPI). World Intellectual Property Organization (WIPO). doi:10.34667/tind.42184. ISBN 9789280532012. Retrieved 2021-08-26.
  16. ^ "Mitsubishi Makes A $415 Toaster For Extreme Bread Enthusiasts". Gizmodo Australia. 2020-03-12. Retrieved 2020-07-23.
  17. ^ "Mitsubishi Jet Towl Website".
  18. ^ "Mitsubishi Electric to launch collaborative robots". Robotics & Automation News. 2018-01-02. Retrieved 2020-07-23.
  19. ^ Mitsubishi Electric Introduces New UD5 Series of Photovoltaic Modules Archived October 10, 2007, at the Wayback Machine
  20. ^ "Archived copy". Archived from the original on 2016-05-20. Retrieved 2014-12-10.((cite web)): CS1 maint: archived copy as title (link)
  21. ^ "1920s-1970s | History | About".
  22. ^ "1980s | History | About".
  23. ^ https://www.msx.org/wiki/Mitsubishi_ML-8000
  24. ^ "Hitachi to buy Mitsubishi Electric's particle therapy business". Nikkei Asian Review. Retrieved 2020-07-23.
  25. ^ "Mitsubishi Electric Products".
  26. ^ "mitsubishielectric.com". mitsubishielectric.com. 2011-07-20. Retrieved 2013-09-30.
  27. ^ "mitsubishielectric.ca". mitsubishielectric.ca. Retrieved 2013-09-30.
  28. ^ "mitsubishielectric-usa.com". mitsubishielectric-usa.com. Retrieved 2013-09-30.
  29. ^ "mitsubishielectric.asia". mitsubishielectric.asia. 2013-08-21. Archived from the original on 2016-03-25. Retrieved 2013-09-30.
  30. ^ "mitsubishielectric.co.jp". mitsubishielectric.co.jp. Retrieved 2013-09-30.
  31. ^ "melsa.com.sa". melsa.com.sa. Retrieved 2013-09-30.
  32. ^ "mitsubishielectric.eu". mitsubishielectric.eu. Retrieved 2013-09-30.
  33. ^ "MITSUBISHI ELECTRIC CORPORATION History of the Corporate Logo". Mitsubishi Electric Corporation.
  34. ^ "AFF Announces Mitsubishi Electric as the New Title Sponsor of AFF Mitsubishi Electric Cup 2022". AFF Mitsubishi Electric Cup 2022.

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