Mitsubishi Electric Corporation (MIELF)

16.14 +0.44 (+2.80%) At close: 10:49AM EDT

Mitsubishi Electric Corporation

Tokyo Building
2-7-3, Marunouchi Chiyoda-ku
Tokyo 100-8310
Japan
81 3 3218 2111
https://www.mitsubishielectric.com

Sector(s): Industrials
Industry: Electrical Equipment & Parts
Full-time employees: 149,655

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Kei Uruma	Representative Executive Officer, President, CEO & Director	1.05M	N/A	1959
Mr. Tadashi Matsumoto	Representative Executive Officer and Executive VP Life Business Area Owner & Export Control	484.8k	N/A	1958
Mr. Kuniaki Masuda	Executive Officer, CFO & Director	N/A	N/A	1964
Mr. Kunihiko Kaga	Representative Executive Officer, Senior VP of Industry & Mobility Business Area Owner & CTO	N/A	N/A	1964
Eiichiro Mitani	Executive Officer, CIO, Group President of Information Systems & Network Service	N/A	N/A	1961
Mr. Yoji Saito	CMO & Executive Officer	N/A	N/A	1960
Yasunari Abe	Executive Officer & CHRO	N/A	N/A	1966
Atsuhiro Yabu	Group President of Automotive Equipment & Executive Officer	N/A	N/A	1960
Mr. Satoshi Kusakabe	Executive Officer & Chief Risk Management Officer	N/A	N/A	1960
Tomonori Sato	Executive Officer & Group President of Defense and Space Systems	N/A	N/A	1967

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through five segments: Infrastructure, Industry Mobility, Life, Business Platform, and Other Businesses. It offers turbine generators, nuclear power plant and power electronics equipment, motors, transformers, circuit breakers, gas insulated switchgears, switch controls, surveillance-system control and security systems, transmission and distribution ICT systems, large display devices, locomotive and rolling stock electrical equipment, wireless and wired communications systems, network camera systems, elevators, escalators, building security and management systems, and others. The company also provides programmable logic controllers, inverters, servomotors, hoists, magnetic switches, circuit breakers, time and power meters, uninterruptible power supply, industrial fans, computerized numerical controllers, electrical-discharge and laser processing machines, industrial robots, clutches, automotive electrical equipment, electric powertrain systems, car electronics and mechatronics, and others. In addition, it offers satellite communications and radar equipment, satellites, antennas, missile and fire control systems, broadcasting and information systems equipment, network security systems, and systems integration products; and power modules, and power modules, optical and LCD devices, and others. Further, the company provides air conditioners, chillers, showcases, compressors, refrigeration units, air-to-water heat pump boilers, ventilators, hot water supply systems, IH cooking heaters, LED bulbs, indoor lighting, LCD televisions, refrigerators, electric fans, dehumidifiers, air purifiers, vacuum cleaners, jar rice cookers, microwave ovens, and others. Additionally, it offers procurement, logistics, real estate, advertising, finance, and other services. The company was incorporated in 1921 and is headquartered in Tokyo, Japan.

Corporate governance

Mitsubishi Electric Corporation’s ISS governance QualityScore as of 1 April 2024 is 1. The pillar scores are Audit: 1; Board: 1; Shareholder rights: 10; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.