Company:Mitsubishi Electric

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Short description: Japanese electrical equipment, elevator manufacturer and electronics company
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: [Script error: No such module "Stock tickers/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
Website{{{1}}}

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

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

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

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.[13] This position is down from their previous ranking as 2nd in 2019 with 2,334 applications.[14] 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
    • Toasters[15]
  • Building systems
    • Elevators, escalators
    • Moving walks
    • High-speed hand dryers (marketed as Mitsubishi Jet Towel)[16]
  • Information and communications systems
    • Data transmission system solutions
      • SCOPO, the world's first transmission at 10 Gbit/s between relay equipment boards set at a distance of 500 millimetres (20 in) apart[citation needed]
    • Saffron Type System, an anti-aliased text-rendering engine, developed by Mitsubishi Electric Research Laboratories (MERL)
    • Optical access systems
    • Satellite communications
  • Factory automation systems
    • Programmable controllers
    • AC servo systems, inverters
    • Industrial and collaborative robots,[17] processing machines
  • Energy systems
    • Power generation systems
      • ITER nuclear fusion reactor
      • Photovoltaic panels[18]
    • 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
    • Large-scale LED displays
      • Diamond Vision, large-scale video displays for sports venues and commercial applications
    • Multimedia projectors
    • Printers
  • 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

  • Mobile phones, from 1999 to 2008. Created for NTT Docomo. MELCO quit the mobile phone business in Apr 2008 after decrease in shipments. They estimated a temporary loss of 17 billion Yen in income before income taxes.[19]
  • Video Cassette Recorders known as the Mitsubishi Black Diamond VCR.
  • Televisions
    • Large-screen HDTVs. Competitors in the U.S market were Sony, Pioneer, Panasonic, JVC, Samsung (Akai), Daewoo, LG (Zenith), and Apex Digital.
    • Direct-view CRT televisions and monitors, including Diamond Views and Diamondtrons, until 2001. The last notable size in this field was a 40" (diagonal) tube size.
    • LCD TVs, until 2008.
    • DLP High Definition TVs, until December, 2012. MELCO then focused on professional and home theater DLP projection applications, and is no longer manufacturing televisions for the consumer market.
  • Computer memory. Business unit spun off to be part of Elpida Memory.
  • Computers, including MELCOM mainframe computers,[20][21] personal computer(Multi8 (jp), Multi16 (jp)) and MSX home computers.[22]
  • System LSIs. Business unit spun off to be part of Renesas Technology.
  • Popular music. MELCO previously marketed popular music via record company Nippon Crown, which had been spun off from then-Nissan Group-owned Nippon Columbia on September 15, 1963. it was sold to Daiichi Kosho Company in July, 2001.
  • Particle Beam Treatment System, until 2017. Business sold to Hitachi.[23]

Global operations

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

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

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

  • List of elevator manufacturers

References

  1. ↑ "About Directors & Executive Officers". https://www.mitsubishielectric.com/en/about/organization/management/index.html. Retrieved 2024-01-03. 
  2. ↑ 2.0 2.1 2.2 2.3 2.4 "Mitsubishi Electric Annual Report 2022". Mitsubishi Electric. https://www.mitsubishielectric.com/en/investors/library/integrated_report/pdf/ar2022_1.pdf. 
  3. ↑ "MITSUBISHI ELECTRIC About us - At-a-Glance". http://www.mitsubishielectric.com/en/about/corporate_data/index.html. 
  4. ↑ Corporation, Mitsubishi Electric. "Products & solutions". https://www.mitsubishielectric.com/en/products-solutions/index.page. 
  5. ↑ 5.0 5.1 "Mitsubishi heavy industries vs Mitsubishi electric" (in en-US). https://www.arlingtonairconditioningheating.com/mitsubishi-heavy-industries-vs-mitsubishi-electric/. 
  6. ↑ 6.0 6.1 "Mitsubishi Heavy vs. Mitsubishi Electric: Comparison Review". https://www.oasis-aircon.com/blog/mitsubishi-heavy-vs-mitsubishi-electric-comparison. 
  7. ↑ Pollack, Andrew (1993-09-22). "BUSINESS TECHNOLOGY; Fastest, Maybe Smoothest, Trip Up" (in en-US). The New York Times. ISSN 0362-4331. https://www.nytimes.com/1993/09/22/business/business-technology-fastest-maybe-smoothest-trip-up.html. 
  8. ↑ "Mitsubishi Electric Announces Conclusion of a Share Exchange Agreement with Nihon Kentetsu Co., Ltd." (in en). 2005-07-04. https://www.businesswire.com/news/home/20050703005019/en/Mitsubishi-Electric-Announces-Conclusion-Share-Exchange-Agreement. 
  9. ↑ "Mitsubishi Electric Enters into Agreement to Acquire Majority Interest in DeLclima" (in en-GB). Mitsubishi Electric. 2015-08-25. https://www.mitsubishielectric.com/news/2016/0225.pdf. 
  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" (in en-GB). Mitsubishi Electric. 2016-12-16. https://www.mitsubishielectric.com/news/2016/1216.html. 
  11. ↑ "Mitsubishi Electric hack began in China in March 2019, defense contractor says" (in en-US). 2020-02-13. https://www.japantimes.co.jp/news/2020/02/13/business/corporate-business/cyberattack-mitsubishi-china/. 
  12. ↑ "Mitsubishi Electric to build 100 bil. yen chip factory in Kumamoto Pref." (in en). Mainichi Daily News. 2023-03-15. https://mainichi.jp/english/articles/20230315/p2g/00m/0bu/002000c. 
  13. ↑ "World Intellectual Property Indicators 2021". https://www.wipo.int/edocs/pubdocs/en/wipo_pub_941_2021.pdf. 
  14. ↑ World Intellectual Property Organization (2020) (in en). World Intellectual Property Indicators 2020. World IP Indicators (WIPI). World Intellectual Property Organization (WIPO). doi:10.34667/tind.42184. ISBN 9789280532012. https://www.wipo.int/publications/en/details.jsp?id=4526. Retrieved 2021-08-26. 
  15. ↑ "Mitsubishi Makes A $415 Toaster For Extreme Bread Enthusiasts" (in en-AU). 2020-03-12. https://www.gizmodo.com.au/2020/03/mitsubishi-makes-a-373-toaster-for-extreme-bread-enthusiasts/. 
  16. ↑ "Mitsubishi Jet Towl Website". http://www.mitsubishijettowel.com. 
  17. ↑ "Mitsubishi Electric to launch collaborative robots" (in en-US). 2018-01-02. https://roboticsandautomationnews.com/2018/01/02/mitsubishi-electric-to-launch-collaborative-robots/15527/. 
  18. ↑ Mitsubishi Electric Introduces New UD5 Series of Photovoltaic Modules
  19. ↑ "Archived copy". http://archive.news.softpedia.com/news/No-More-Mitsubishi-Mobile-Phones-80022.shtml. 
  20. ↑ "1920s-1970s | History | About". https://www.mitsubishielectric.com/en/about/history/1920s-70s/index.page. 
  21. ↑ "1980s | History | About". https://www.mitsubishielectric.com/en/about/history/1980s/index.html. 
  22. ↑ MSX Resource Center (2022-02-16). "Mitsubishi ML-8000 - MSX Wiki". Msx.org. https://www.msx.org/wiki/Mitsubishi_ML-8000. Retrieved 2022-08-22. 
  23. ↑ "Hitachi to buy Mitsubishi Electric's particle therapy business" (in en-GB). https://asia.nikkei.com/Business/Hitachi-to-buy-Mitsubishi-Electric-s-particle-therapy-business. 
  24. ↑ "Mitsubishi Electric Products". http://www.mitsubishielectric.com/bu/index.html. 
  25. ↑ "mitsubishielectric.com". mitsubishielectric.com. 2011-07-20. http://www.mitsubishielectric.com/. 
  26. ↑ "mitsubishielectric.ca". mitsubishielectric.ca. http://www.mitsubishielectric.ca/. 
  27. ↑ "mitsubishielectric-usa.com". mitsubishielectric-usa.com. http://www.mitsubishielectric-usa.com/. 
  28. ↑ "mitsubishielectric.asia". mitsubishielectric.asia. 2013-08-21. http://www.mitsubishielectric.asia/. 
  29. ↑ "mitsubishielectric.co.jp". mitsubishielectric.co.jp. http://www.mitsubishielectric.co.jp/. 
  30. ↑ "melsa.com.sa". melsa.com.sa. http://www.melsa.com.sa/. 
  31. ↑ "mitsubishielectric.eu". mitsubishielectric.eu. http://www.mitsubishielectric.eu/. 
  32. ↑ "MITSUBISHI ELECTRIC CORPORATION History of the Corporate Logo". Mitsubishi Electric Corporation. http://www.mitsubishielectric.com/company/about/history/logo/. 
  33. ↑ "AFF Announces Mitsubishi Electric as the New Title Sponsor of AFF Mitsubishi Electric Cup 2022". AFF Mitsubishi Electric Cup 2022. http://www.affmitsubishielectriccup.com/2022/news/media-releases/1806-aff-announces-mitsubishi-electric-as-the-new-title-sponsor-of-aff-mitsubishi-electric-cup-2022. 

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