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Mitsubishi Electric Corp (6503.T)

6503.T on Tokyo Stock Exchange

1,626JPY
2:19am BST
Change (% chg)

¥-4 (-0.28%)
Prev Close
¥1,631
Open
¥1,630
Day's High
¥1,630
Day's Low
¥1,618
Volume
1,595,500
Avg. Vol
6,370,536
52-wk High
¥2,179
52-wk Low
¥1,524

Latest Key Developments (Source: Significant Developments)

Mitsubishi Electric's Operating Margin For Year Ending March Could Reach As High As 7.7% - Nikkei
Wednesday, 20 Dec 2017 

Dec 21 (Reuters) - Nikkei::MITSUBISHI ELECTRIC'S OPERATING MARGIN FOR YEAR ENDING MARCH COULD REACH AS HIGH AS 7.7% WITH OPERATING PROFIT OF 315 BILLION YEN EXPECTED - NIKKEI.HITACHI'S OPERATING MARGIN FOR YEAR ENDING MARCH COULD REACH 8% AS OPERATING PROFIT MAY BEAT ITS 660 BILLION YEN FORECAST BY OVER 30 MILLION YEN - NIKKEI.  Full Article

Hitachi Will Acquire Mitsubishi Electric's Particle Therapy Equipment Business- Nikkei
Thursday, 7 Dec 2017 

Dec 8 (Reuters) - Nikkei::HITACHI WILL ACQUIRE MITSUBISHI ELECTRIC'S PARTICLE THERAPY EQUIPMENT BUSINESS- NIKKEI.  Full Article

Toshiba announces judgment by European Court of Justice
Friday, 7 Jul 2017 

July 7(Reuters) - Toshiba Corp <6502.T>:Says it received judgment from European Court of Justice.Says it is required to pay charges of 56.8 million euros (about 7.3 billion yen) on its own and 4.7 million euros (about 600 million yen) as joint liability with Mitsubishi Electric Corp <<<6503.T>>>, for violation of the European competition law in the gas insulated switchgear market.  Full Article

Mitsubishi Electric to pay C$ 13.4 mln fine
Wednesday, 26 Apr 2017 

April 26(Reuters) - Mitsubishi Electric Corp <6503.T>:Says it received an order from the Ontario Superior Court of Justice to pay a fine amounting to C$ 13.4 million (about 1.1 billion yen), on April 25 (Canada time).Says the payment is for infringement of Canadian Competition Act in connection with certain automotive parts.  Full Article

R&I affirms Mitsubishi Electric's rating at "AA-" and says stable outlook-R&I
Tuesday, 18 Apr 2017 

April 18 (Reuters) - Mitsubishi Electric Corp <6503.T>:* Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "AA-"-R&I.* Rating outlook stable-R&I.  Full Article

Oi Electric buys back 1.8 mln shares for 565.7 mln yen via ToSTNeT-3
Thursday, 23 Feb 2017 

Oi Electric Co Ltd <6822.T>: Says it completed repurchase of 1.8 million shares(12.3 percent stake) for 565.7 million yen via ToSTNeT-3 .Says the shareholder Mitsubishi Electric Corp <6503.T> will cut stake in the co to 19.2 percent from 31.9 percent, effective Feb. 28.  Full Article

Sisvel Group's unit 3G Licensing S.A. says KPN, Mitsubishi Electric have joined 3G joint licensing agreement offering
Wednesday, 22 Feb 2017 

Mitsubishi Electric Corp <6503.T> :Sisvel Group's unit 3G Licensing S.A. says KPN, Mitsubishi Electric have joined its 3G joint licensing agreement offering.  Full Article

Mitsubishi Electric plans application of IFRS
Tuesday, 21 Feb 2017 

Mitsubishi Electric Corp <6503.T> :Says it plans to apply International Financial Reporting Standards (IFRS) as the new accounting method, to replace the current U.S.-Generally Accepted Accounting Principles.  Full Article

Mitsubishi Electric plans to invest at a plant in China- Nikkei
Wednesday, 18 Jan 2017 

Nikkei:Mitsubishi electric plans to invest an estimated 2 billion yen to boost the output capacity at a plant in jiangsu province.  Full Article

Japanese labor ministry accuses Mitsubishi Electric of labor law violations- Nikkei
Wednesday, 11 Jan 2017 

Nikkei:Japanese labor ministry's Kanagawa Prefecture Bureau sent papers on Mitsubishi Electric case to prosecutors, accusing co and one supervisor of labor law violations.  Full Article

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Investors demand more changes at Thyssenkrupp ahead of review

FRANKFURT With a planned steel joint venture in reach, Thyssenkrupp has pledged to refine its strategy by the second half of the year, with some shareholders expecting more radical and structural changes to remove a discount on the stock.