|Mitsubishi Denki kabushiki gaisha|
|Formerly||Mitsubishi Electric Manufacturing Co., Ltd.|
| TYO: 6503 |
|Industry|| Electrical equipment |
|Founded||January 15, 1921|
|Headquarters||Tokyo Building, 2-7-3, Marunouchi, Chiyoda, Tokyo, Japan|
|Setsuhiro Shimomura (Chairman),|
(President & CEO)
|Products||Energy and electric systems, electronic devices, industrial automation systems, home appliances, information and communication systems and space systems|
|Revenue||¥4,394.4 billion (2017)|
|¥235.0 billion (2014)|
|¥153.5 billion (2014)|
|Total assets||¥3,612.9 billion (2014)|
|Total equity||¥1,600 billion (2014)|
Number of employees
Mitsubishi Electric Corporation (三菱電機株式会社, Mitsubishi Denki kabushiki gaisha, 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, factory automation systems, train systems, electric motors, pumps, semiconductors, digital signage, and satellites.
In the United States, products are manufactured and sold by Mitsubishi Electric United States headquartered in Cypress, California.
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 early 2020, MELCO was identified as a victim of the year-long cyberattacks perpetrated by the Chinese hackers.
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 sponsorship of the team.
The Mitsubishi Group is a group of autonomous Japanese multinational companies in a variety of industries.
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