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Mitsubishi Electric Corp (6503.T)

6503.T on Tokyo Stock Exchange

1,645JPY
8:15pm EDT
Change (% chg)

¥-1 (-0.06%)
Prev Close
¥1,646
Open
¥1,641
Day's High
¥1,648
Day's Low
¥1,638
Volume
581,700
Avg. Vol
6,324,601
52-wk High
¥1,802
52-wk Low
¥1,064

Latest Key Developments (Source: Significant Developments)

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

Mitsubishi Electric amends year-end dividend forecast for FY 2016
Tuesday, 22 Mar 2016 02:00am EDT 

Mitsubishi Electric Corp:Amending year-end dividend forecast to 18 yen per share for FY ending March 2016.Latest dividend forecast was an undetermined value.  Full Article

Mitsubishi Electric Corp Comments on Korea Fair Trade Commission's Announcement Concerning Bidding of Automotive Starter Motors - ENPNWS
Wednesday, 24 Feb 2016 08:04pm EST 

Mitsubishi Electric Corp:Mitsubishi Electric Corp commented today on a decision by the Korea Fair Trade Commission (KFTC) that the company has violated antitrust regulations in connection with tenders in 2008 of automotive starter motors to a certain customer - ENPNWS.The KFTC announced that it will order Mitsubishi Electric to take corrective measures and pay a currently estimated surcharge of 630,000,000 won (approximately US$ 521,000).Mitsubishi Electric, which has been cooperating fully with the KFTC's investigation, will make a prompt and appropriate response after receiving the formal notice from the KFTC.Mitsubishi Electric, which takes this matter very seriously, reconfirms its commitment to thorough implementation of compliance measures as part of its efforts to maintain public trust. Competition Law Countermeasures Regarding Automotive Equipment.  Full Article

Mitsubishi Electric completes full acquisition of DeLclima SpA
Wednesday, 24 Feb 2016 06:30pm EST 

Mitsubishi Electric Corp:Completes acquisition of remaining 25.03 percent stake in DeLclima S.p.A. in which the co has owned 74.97 percent stake since Dec. 23.Says the transaction amount for the 25.03 percent stake in DeLclima S.p.A. is 170 million euros.Says the co raises stake in DeLclima S.p.A. to 100 percent ups from 74.97 percent, and DeLclima SpA becomes the wholly owned subsidiary of the co.  Full Article

More From Around the Web

BRIEF-Sisvel Group's unit 3G Licensing S.A. says KPN, Mitsubishi Electric have joined 3G joint licensing agreement offering

* Sisvel Group's unit 3G Licensing S.A. says KPN, Mitsubishi Electric have joined its 3G joint licensing agreement offering Source text for Eikon: Further company coverage: