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Mitsubishi Electric Corp (6503.T)

6503.T on Tokyo Stock Exchange

1,560JPY
26 May 2017
Change (% chg)

¥-18 (-1.11%)
Prev Close
¥1,577
Open
¥1,572
Day's High
¥1,573
Day's Low
¥1,550
Volume
5,397,400
Avg. Vol
6,481,814
52-wk High
¥1,802
52-wk Low
¥1,108

Latest Key Developments (Source: Significant Developments)

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

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

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Japan fund, likely Toshiba chip unit investor, to raise $2.7 billion

TOKYO A Japanese state-backed fund plans to sell nearly a fifth of shares in chip maker Renesas Electronics Corp - worth $2.7 billion at current prices - bolstering its coffers amid expectations it is planning to invest in Toshiba's chip unit.