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Mitsubishi Electric's Competitors, Revenue, Number of Employees, Funding and Acquisitions

Mitsubishi Electric is a manufacturer of electrical and electronic products including air conditioning systems, elevator... Read more

Annual Revenue

Employees

Takeshi Sugiyama's photo - President & CEO of Mitsubishi Electric

President & CEO

Takeshi Sugiyama

CEO Approval Rating

78/100

OVERVIEW

Founded:

1921

Headquarters:

Chiyoda-kuTōkyō Prefecture

Status:

PublicTokyo Stock Exchange6503

Industry Sector:

Electrical & Electronics goods

SIC Code:

3600NAICS listing »

Top Competitors or Alternatives

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Is GE a competitor of Mitsubishi Electric?

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Trending News for Mitsubishi Electric and Mitsubishi Electric's Competitors

February 24, 2020

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JAXA selects Mitsubishi Electric for MMX space probe

The Japan Aerospace Exploration Agency (JAXA) has selected electrical manufacturing company Mitsubish... See more »

February 24, 2020

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History (1991): New Toshiba HDD Factory in Japan

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Competitive Analysis

TOP COMPETITORS OR ALTERNATIVES

Hitachi is the top competitor of Mitsubishi Electric. Hitachi is headquartered in Chiyoda-ku, Tōkyō Prefecture, and was founded in 1910. Hitachi competes in the Electrical & Electronics goods field. Hitachi generates 198% the revenue of Mitsubishi Electric.

Toshiba is perceived as one of Mitsubishi Electric's biggest rivals. Toshiba was founded in Minato-ku, Tōkyō Prefecture} in 1875. Toshiba operates in the Electronic Equipment industry. Compared to Mitsubishi Electric, Toshiba generates $6.2B less revenue.

Daikin is seen as one of Mitsubishi Electric's top competitors. Daikin is a Public company that was founded in Kita-ku, Ōsaka Prefecture in 1924. Daikin competes in the Diversified Metals & Mining industry. Daikin has 78,781 fewer employees vs. Mitsubishi Electric.

RANK

COMPANY

LEADERSHIP

CEO SCORE

EMPLOYEES

TOTAL FUNDING

REVENUE

Takeshi Sugiyama

President & CEO

- -
145,817
$0
$39.5B
1

Toshiaki Higashihara

President & CEO

62/100
295,941
- -
$78.6B
2

Nobuaki Kurumatani

Chairman & CEO

63/100
128,697
$6B
$33.3B
3

Masanori Togawa

President & CEO

73/100
67,036
- -
$21.6B
4

CEO

- -
192
- -
$61M
5

H. Lawrence Culp

Chairman & CEO

68/100
283,000
$2M
$120.6B
6

Kevin Barker

President

70/100
4,300
- -
$1B
7

Joe Kaeser

President & CEO

88/100
385,000
$8.9M
$95.5B
8

Jean-Pascal Tricoire

Chairman & CEO

76/100
12,837
- -
$29.5B
9

Gregory J. Hayes

Chairman & CEO

72/100
240,000
$71.5B
$77B
10

Michael F. Roman

CEO

69/100
93,516
- -
$32.1B
The top 10 competitors in Mitsubishi Electric's competitive set are Hitachi, Toshiba, Daikin, TriState HVAC, GE, Beckhoff, Siemens, Schneider Electric, United Technologies and 3M. Together they have raised over 77.6B between their estimated 1.6M employees. Mitsubishi Electric has 145,817 employees and is ranked 5th among it's top 10 competitors. The top 10 competitors average 150,576.

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$39.5B

Mitsubishi Electric's revenue is the ranked 5th among it's top 10 competitors. The top 10 competitors average 48.1B. Over the last three quarters, Mitsubishi Electric's revenue has decreased by 51.1%. Specifically, in Q3 2019's revenue was $10.5B; in Q2 2019, it was $9.7B; in Q1 2019, it was $21.4B.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
ICONICS, Inc.

May 2019

Source »
undisclosed
ICONICS develops an automation software that provides real-time visualization and manufacturing intelligence solutions for the automotive sector.
ASTES4

Aug 2018

Source »
undisclosed
ASTES4 SA is a provider of patented automated sorting solutions for sheet metal laser processing machines.
Delclima S.p.a

Jul 2015

Source »
$768M
DeLclima develops and distributes products and value-added services for air conditioning in commercial buildings and cooling of industrial processes.
Setsuyo Astec Corporation

Apr 2014

Source »
undisclosed
-

-

-

Jul 2013

Source »
undisclosed
-

These are all the companies that Mitsubishi Electric has acquired. Mitsubishi Electric has acquired 5 companies and its latest acquisition was ICONICS, Inc. in May 2019. ICONICS develops an automation software that provides real-time visualization and manufacturing intelligence solutions for the automotive sector.

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Realtime Robotics develops motion planning technology-based control processors for industrial robots and autonomous vehicles.
$11.7M
Oct 15, 2019
Series A
-
Realtime Robotics develops motion planning technology-based control processors for industrial robots and autonomous vehicles.
-
May 07, 2019
Equity
-

These are all the companies that Mitsubishi Electric has invested in. Mitsubishi Electric has invested 5 companies and its latest investment was ICONICS, Inc. in May 2019. ICONICS develops an automation software that provides real-time visualization and manufacturing intelligence solutions for the automotive sector.

Mitsubishi Electric News

February 19, 2020MarketScreener

to Launch 10.4-inch XGA Color TFT-LCD Module

(marketscreener.com) FOR IMMEDIATE RELEASE No. 3338 TOKYO, February 19, 2020 - Mitsubishi Electric Co... See more »
February 18, 2020Telecompaper

Mitsubishi Electric completes new satellite production facility

(Telecompaper) Mitsubishi Electric completed construction of a new facility for the production of sat... See more »
February 17, 2020WorldNews

Mitsubishi Electric to Support Coronavirus (COVID-19) Relief Efforts in China

TOKYO-(BUSINESS WIRE)-Mitsubishi Electric Corporation (TOKYO: 6503) announced today that the company ... See more »
February 17, 2020WorldNews

Mitsubishi Electric Named to CDP's Water "A List"

Strategies and activities to protect water resources recognized for fourth consecutive year TOKYO-(BU... See more »
February 14, 2020Installation International

Mitsubishi Electric launches next-generation LCD display

Mitsubishi Electric has launched the latest version of its high-end LCD videowall system at ISE 2020.... See more »
February 13, 2020Interesting Engineering

Mitsubishi Develops LED Skylights to Improve Windowless Offices

Simulating the Sun as it crosses the sky during the day, the LED skylight changes color throughout t... See more »
February 12, 2020CISOMAG

Japan Confirms Defense Data Breach After Cyberattack on Mitsubishi Electric

The Japan Ministry of Defense recently announced that defense-related sensitive data may have been br... See more »

Mitsubishi Electric Press Releases

July 22, 2019StreetInsider

Eco-Friendly Ways to Keep Your Home Cool

Family Features) When it's hot outside, heat can seep into your home and make it unbearable. However,... See more »
May 27, 2019PR In Canada

Mitsubishi Electric Sales Canada Signs Multi-Year Deal with Club de Hockey Canadien

Mitsubishi Electric Sales Canada Heating & Cooling Division have just announced a three-year deal wit... See more »
March 15, 2019WebWire

Mitsubishi Electric to Establish Industrial Automation Company in the Philippines

�Mitsubishi Electric Corporation �(TOKYO: 6503) announced today the planned establishment of a ne... See more »
March 5, 2019GlobalNewswire

Inphi Showcases Porrima 400G Gen2 Single-Lambda PAM4 DSP with Integrated CMOS Driver Demonstration at OFC 2019

56Gbaud EML Lasers from Mitsubishi Electric Directly Driven by Porrima 400G Gen2 DSP56Gbaud EML Laser... See more »
February 26, 2019GlobalNewswire

Mitsubishi Electric America Foundation Announces $1.4M in New Grants

Focused on Empowering Youth with Disabilities to Lead Productive LivesFocused on Empowering Youth wit... See more »
February 13, 2019Business Wire

Dynamic Map Platform to Acquire EnerTech Portfolio Company Ushr

PHILADELPHIA & TORONTO--(BUSINESS WIRE)--lt;a href="https://twitter.com/hashtag/HDMaps?src=hash" targ... See more »
January 10, 2019GlobeNewswire

Green Building Initiative Announces 2019 Board of Directors

Stimson Lumber, Ewing Irrigation & Landscape, JLL, JL Architects, and Mitsubishi Electric take on new... See more »

Mitsubishi Electric Videos

August 28, 2019Mitsubishi Electric Youtube Channel

"Servo System Cam Control Rotary Filling Machine" on YOUTUBE

See more »
August 22, 2019Mitsubishi Electric Youtube Channel

"Increase Engineering Productivity with the iQ Monozukuri Engineering Tool" on YOUTUBE

See more »
August 9, 2019Mitsubishi Electric Youtube Channel

"Mitsubishi Electric Automation Mobile Showroom" on YOUTUBE

See more »
July 10, 2019Mitsubishi Electric Youtube Channel

"Converting Application Function Demonstration" on YOUTUBE

See more »
July 10, 2019Mitsubishi Electric Youtube Channel

"Mitsubishi Electric CNC Quick Tips: Program Transfer" on YOUTUBE

See more »
July 2, 2019Mitsubishi Electric Youtube Channel

"Empower Innovation in Converting Industry by Mitsubishi Electric Integrated Solution" on YOUTUBE

See more »
February 22, 2019Mitsubishi Electric Youtube Channel

"Mitsubishi Electric CNC Quick Tips: Modal Program Restarts" on YOUTUBE

See more »

Social Statistics

Headquarters

2-7-3, Marunouchi Tokyo Building

Chiyoda-ku, Tōkyō Prefecture100-8310

332-182-111

Driving Directions »

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Summary

ABOUT

Overview

Mitsubishi Electric is a manufacturer of electrical and electronic products including air conditioning systems, elevators, solar panels and video displays. Mitsubishi Electric was founded in 1921. Mitsubishi Electric's headquarters is located in Chiyo...

CEO

Mitsubishi Electric's President & CEO, Takeshi Sugiyama, currently has an approval rating of 78%. Mitsubishi Electric's primary competitors are Hitachi, Toshiba & Daikin.

Website

mitsubishielectric.com

Frequently Asked Questions about Mitsubishi Electric

  1. When was Mitsubishi Electric founded?

    Mitsubishi Electric was founded in 1921

  2. Who is Mitsubishi Electric's CEO?

    Mitsubishi Electric's CEO is Takeshi Sugiyama

  3. How much revenue does Mitsubishi Electric generate?

    Mitsubishi Electric generates $39.5B in revenue

  4. How much funding does Mitsubishi Electric have?

    Mitsubishi Electric has historically raised $0 in funding

  5. Where is Mitsubishi Electric's headquarters?

    Mitsubishi Electric's headquarters is in Chiyoda-ku Tōkyō Prefecture, JP

  1. How many employees does Mitsubishi Electric have?

    Mitsubishi Electric has 145,817 employees

  2. What sector does Mitsubishi Electric operate in?

    Mitsubishi Electric is in Electrical & Electronics goods

  3. Who are Mitsubishi Electric's competitors?

    Mitsubishi Electric's top competitors are Hitachi, Toshiba, Daikin

  4. Who has Mitsubishi Electric invested in?

    Mitsubishi Electric's has invested in companies such as Realtime Robotics, Realtime Robotics
Stay up-to-date with the latest news on Mitsubishi Electric