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Mitsubishi Electric Corp (6503.T)

6503.T on Tokyo Stock Exchange

1,448JPY
20 Sep 2019
Change (% chg)

¥-14 (-0.99%)
Prev Close
¥1,462
Open
¥1,460
Day's High
¥1,472
Day's Low
¥1,445
Volume
5,747,900
Avg. Vol
4,210,365
52-wk High
¥1,600
52-wk Low
¥1,146

Latest Key Developments (Source: Significant Developments)

Mitsubishi Electric - Korea FTC Has Announced Mitsubishi Violated Antitrust Regulations
Monday, 5 Aug 2019 

Aug 5 (Reuters) - Mitsubishi Electric Corp <6503.T>::KOREA FAIR TRADE COMMISSION HAS ANNOUNCED MITSUBISHI HAS VIOLATED ANTITRUST REGULATIONS.KOREA FTC SAID VIOLATIONS WERE IN CONNECTION WITH PAST TENDERS OF AUTOMOTIVE ALTERNATORS AND IGNITION COILS TO CERTAIN CUSTOMERS.KOREA FTC ANNOUNCED IT WILL ORDER MITSUBISHI ELECTRIC TO TAKE CORRECTIVE MEASURES AND PAY SURCHARGE OF ABOUT 8 BILLION WON.KOREA FTC ALSO ANNOUNCED IT WILL FILE CRIMINAL ACCUSATION CONCERNING ALTERNATORS TENDERS.WILL MAKE PROMPT AND APPROPRIATE RESPONSE AFTER RECEIVING FORMAL NOTICE FROM KOREA FTC.TAKE THIS MATTER VERY SERIOUSLY, RECONFIRM COMMITMENT TO THOROUGH IMPLEMENTATION OF COMPLIANCE MEASURES.  Full Article

Mitsubishi Electric Launches New Elevator And Escalator Company In Laos
Thursday, 20 Jun 2019 

June 19 (Reuters) - Mitsubishi Electric Corp <6503.T>::MITSUBISHI ELECTRIC LAUNCHES NEW ELEVATOR AND ESCALATOR COMPANY IN LAOS.NEW COMPANY, WHICH WAS ESTABLISHED BY MITSUBISHI ELEVATOR (THAILAND) CO WILL COMMENCE OPERATIONS ON JULY 1, 2019.MITSUBISHI - ANNUAL SALES IN LAOS EXPECTED TO RISE TO $3.82 MILLION BY FISCAL YEAR ENDING IN MARCH 2024, UP 50% FROM FISCAL YEAR THAT ENDED IN MARCH 2019.  Full Article

CUI Global Says Unit Signs Cooperation Agreement With Mitsubishi Electric Europe BV
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - CUI Global Inc ::CUI GLOBAL SUBSIDIARY ORBITAL GAS SYSTEMS SIGNS COOPERATION AGREEMENT WITH MITSUBISHI ELECTRIC EUROPE BV TO ENHANCE RTU AND BIOMETHANE PRODUCT LINES.CUI GLOBAL - MITSUBISHI ELECTRIC TO PROVIDE HARDWARE PRODUCT PLATFORM, TECHNICAL SUPPORT, ORBITAL TO CONTRIBUTE SYSTEM DESIGN, IMPLEMENTATION EXPERTISE.  Full Article

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
Friday, 8 Dec 2017 

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

Israel's Cellcom posts larger than expected second quarter loss

JERUSALEM, Aug 15 Israel's largest mobile phone operator Cellcom reported a steeper than expected second-quarter loss on Thursday, weighed down by a jump in financing costs and fierce competition in the mobile sector.