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Mitsubishi Electric Corp (6503.T)

6503.T on Tokyo Stock Exchange

19 Oct 2017
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¥28 (+1.47%)
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Latest Key Developments (Source: Significant Developments)

Toshiba announces judgment by European Court of Justice
Thursday, 6 Jul 2017 10:56pm EDT 

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
Tuesday, 25 Apr 2017 11:18pm EDT 

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 02:33am EDT 

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
Wednesday, 22 Feb 2017 09:00pm EST 

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 09:24am EST 

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 12:06am EST 

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 03:28pm EST 

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 04:48pm EST 

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

Mitsubishi Electric to put elements of AI to work in driver-assist systems as early as year ending March 2018 - Nikkei
Friday, 22 Jul 2016 05:25pm EDT 

Nikkei:Mitsubishi Electric will put elements of AI to work in driver-assist systems as early as the year ending March 2018 - Nikkei.  Full Article

R&I affirms Mitsubishi Electric Corp‘s rating at "AA-" and stable outlook
Tuesday, 5 Apr 2016 02:00am EDT 

Mitsubishi Electric Corp:Rating and Investment Information, Inc. (R&I) affirms the company's issuer rating at "AA-".Rating outlook stable.  Full Article


Oracle's profit, cloud growth forecasts drag down shares

Oracle Corp forecast current-quarter adjusted profit largely below Wall Street's estimates and indicated to slowing growth in its soaring cloud business, sending the company's shares down as much as 5 percent in aftermarket trading.