Mitsubishi Elec Corp Stock Price, News & Analysis

Mitsubishi Electric Corporation has announced its investment in SCADAfence Ltd., an Israeli startup specializing in OT and IoT cybersecurity solutions. This marks the third investment from the ME Innovation Fund. The SCADAfence Platform offers critical visibility into industrial networks, helping to identify vulnerabilities and threats, including unauthorized devices. The partnership aims to enhance OT security solutions for the manufacturing sector, adhering to international standards such as IEC 62443. CEO Elad Ben Meir emphasized the growing need for advanced cybersecurity measures in industrial operations.

Mitsubishi Electric Corporation has developed groundbreaking tomographic imaging technology utilizing 300GHz terahertz waves. This novel system allows for one-shot measurements at any depth, enabling low-impact scanning of biological organisms and moving objects with millimeter resolution. Unlike traditional X-ray devices, this technology minimizes operational restrictions and can be integrated into various locations, making it ideal for walk-through security gates and non-destructive scanning in production lines. The combination of virtual focus imaging and multi-mode beamforming helps reduce detection errors, enhancing performance.

Mitsubishi Electric Corporation has received an order for the world's largest static synchronous compensator (STATCOM), rated at ±700MVA, from Tohoku Electric Power Network. Set to be operational by the end of 2031, this system will enhance the stability of northeastern Japan's power grid, which is increasingly integrating renewable energy sources. The STATCOM will be installed at the Iwate substation, assisting in voltage control and maintaining power during system failures. The order underscores Mitsubishi Electric's strong track record in global power solutions and its commitment to carbon neutrality.

Mitsubishi Electric Corporation (TOKYO:6503) has announced its dividend forecast for the fiscal year ending March 31, 2023. The company plans to pay a year-end dividend of 26 yen per share, marking a total annual dividend of 40 yen, which matches the previous year's payout. The interim dividend declared was 14 yen. The actual dividend will be confirmed during the Board of Directors meeting scheduled for May 2023. The announcement highlights the company's financial stability while cautioning that actual results may differ significantly from forecasts.

Mitsubishi Electric Corporation has announced it will double its investment plan to approximately 260 billion yen through March 2026. This investment primarily focuses on constructing a new wafer plant to enhance the production of silicon carbide (SiC) power semiconductors, which are in high demand for electric vehicles and energy-efficient applications.

Approximately 100 billion yen will be allocated for the new 8-inch SiC wafer plant in Kumamoto Prefecture, while 10 billion yen will consolidate operations for power semiconductor assembly in the Fukuoka area.

Mitsubishi Electric Corporation has secured a contract from the Japan Meteorological Agency to develop the Himawari-10, a new geostationary meteorological satellite. This marks the fourth consecutive satellite built by Mitsubishi Electric since the launch of Himawari-7 two decades ago. The Himawari-10 will enhance observation capabilities with advanced equipment, including a visible infrared imager and a hyperspectral infrared sounder from L3 Harris Technologies. It aims to improve weather disaster prevention efforts in Japan.

Mitsubishi Electric Corporation has ranked fourth globally and first among Japanese firms in international patent applications, according to the World Intellectual Property Organization (WIPO) for 2022. This marks the ninth consecutive year in the top five globally and the eighth year at the top among Japanese companies. The company's strategy emphasizes intellectual property as a vital resource, aligning it with business and R&D initiatives. In October 2021, Mitsubishi Electric introduced ‘Open Technology Bank® activities’ to enhance external collaboration for a sustainable future leveraging IP.

Mitsubishi Electric Corporation has announced the development of a new 200Gbps electro-absorption modulator laser diode (EML) chip, which doubles the speed of its existing model. This advancement is driven by a proprietary hybrid waveguide structure. The chip supports coarse wavelength division multiplexing, allowing data centers to achieve 800Gbps with four chips or 1.6Tbps with eight chips. This performance enhancement aims to meet increasing data traffic demands from video distribution and cloud computing. The chip will be showcased at the Optical Fiber Communication Conference in San Diego from March 5-9.

Mitsubishi Electric has invested $25 million in Astroscale's Series G funding round to enhance satellite servicing and sustainability. The collaboration between the two companies aims to develop satellite buses designed for the Japanese national security constellations. The buses will incorporate an Astroscale docking plate, facilitating the docking and removal of satellites at the end of their operational lives. This partnership is crucial for maintaining a secure and sustainable orbital environment, as highlighted by Astroscale's CEO, Nobu Okada.