Mitsubishi Electric

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Mitsubishi Electric Corporation
Native name
三菱電機株式会社
Romanized name
Mitsubishi Denki kabushiki gaisha
FormerlyMitsubishi Electric Manufacturing Co., Ltd.
Type Public KK
TYO: 6503
LSE:  MEL
Industry Electrical equipment
Electronics
FoundedJanuary 15, 1921;100 years ago (1921-01-15)
Tokyo, Japan
Headquarters Tokyo 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
RevenueIncrease2.svg¥4,394.4 billion (2017) [2]
Increase2.svg¥235.0 billion (2014) [3]
Increase2.svg¥153.5 billion (2014) [3]
Total assets Increase2.svg¥3,612.9 billion (2014) [3]
Total equity Increase2.svg¥1,600 billion (2014) [3]
Number of employees
138,700 [4]  (2018)
Website www.mitsubishielectric.com/en/index.html OOjs UI icon edit-ltr-progressive.svg

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. [5]

Contents

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

Products

A large dish antenna in the Atacama Large Millimeter Array, manufactured by Mitsubishi Electric ESO-NAOJ-NRAO - ALMA observatory equipped with its first antenna (by).jpg
A large dish antenna in the Atacama Large Millimeter Array, manufactured by Mitsubishi Electric

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. Mitsubishi Elevator of SOLAE Test Tower 2010-2-27.JPG
The Mitsubishi Electric-owned Solae Test Tower in Inazawa City, Japan is the world's second tallest elevator testing tower.
Mitsubishi Electric office in Canada MitsubishiElectricMarkham.jpg
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 Mitsubishi Electric logo in Japan.svg
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.

See also

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