Mitsubishi Electric (JP:6503)
:6503
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Mitsubishi Electric
(6503)
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Rating:65Neutral
Price Target:
¥6,545.00
▲(12.86% Upside)
Action:Downgraded
Date:06/02/26
The score is driven primarily by solid and improving fundamentals (growth, rising profitability, and conservative leverage). Technicals are supportive but show some near-term extended signals. The main drag is valuation, with a high P/E and low dividend yield.
Positive Factors
Diversified businesses with recurring service revenue
Mitsubishi Electric's broad product and end-market mix (automation, HVAC, energy, transportation, semiconductors) spreads demand risk and creates recurring service and spares revenue after installations. That diversification supports steadier cash and resilient revenue over business cycles.
Negative Factors
Volatile cash generation and conversion
Intermittent negative free cash flow and only moderate conversion of reported profits into cash indicate working capital or project timing sensitivity. Over 2–6 months this can constrain discretionary investment, slow deleveraging, and expose earnings to cash-driven variability.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified businesses with recurring service revenue
Mitsubishi Electric's broad product and end-market mix (automation, HVAC, energy, transportation, semiconductors) spreads demand risk and creates recurring service and spares revenue after installations. That diversification supports steadier cash and resilient revenue over business cycles.
Read all positive factors
Mitsubishi Electric (6503) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥12.72T
Dividend Yield1.19%
Average Volume (3M)4.92M
Price to Earnings (P/E)30.2
Beta (1Y)1.51
Revenue Growth6.76%
EPS Growth27.28%
CountryJP
Employees149,914
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)197.79
Shares Outstanding2,113,201,700
10 Day Avg. Volume6,056,250
30 Day Avg. Volume4,920,096
Financial Highlights & Ratios
PEG Ratio0.90
Price to Book (P/B)2.28
Price to Sales (P/S)1.73
P/FCF Ratio26.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥7,044.44Price Target Upside21.48% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)244.49
Revenue Forecast (FY)¥6.22T
Mitsubishi Electric Business Overview & Revenue Model
Company Description
Mitsubishi Electric Corporation operates as a global enterprise, specializing in the research, development, manufacturing, and worldwide distribution of a comprehensive range of electrical and electronic products and systems. Its diverse offerings...
How the Company Makes Money
Mitsubishi Electric makes money primarily by selling manufactured products, integrated systems, and related services across multiple end markets. Key revenue streams include: (1) Industrial/Factory Automation: sales of automation hardware and cont...
Mitsubishi Electric Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
70
Positive
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.89T | 5.52T | 5.26T | 5.00T | 4.48T |
| Gross Profit | 1.89T | 1.69T | 1.55T | 1.41T | 1.26T |
| EBITDA | 766.78B | 532.44B | 450.87B | 476.19B | 458.86B |
| Net Income | 407.70B | 324.08B | 284.95B | 213.91B | 203.48B |
Balance Sheet | |||||
| Total Assets | 7.36T | 6.38T | 6.17T | 5.58T | 5.11T |
| Cash, Cash Equivalents and Short-Term Investments | 731.61B | 757.33B | 765.38B | 645.87B | 727.18B |
| Total Debt | 363.28B | 462.29B | 501.29B | 505.05B | 394.71B |
| Total Liabilities | 2.73T | 2.30T | 2.30T | 2.22T | 2.01T |
| Stockholders Equity | 4.48T | 3.95T | 3.74T | 3.24T | 2.98T |
Cash Flow | |||||
| Free Cash Flow | 379.83B | 261.92B | 239.72B | -8.85B | 126.31B |
| Operating Cash Flow | 575.99B | 455.90B | 415.48B | 166.71B | 282.37B |
| Investing Cash Flow | -344.40B | -206.16B | -105.47B | -150.38B | -117.56B |
| Financing Cash Flow | -304.72B | -250.92B | -228.76B | -117.72B | -238.63B |
Mitsubishi Electric Technical Analysis
Positive
5799.00
Price Trends
6044.26
Positive
5710.26
Positive
4939.62
Positive
Market Momentum
-61.36
Negative
52.23
Neutral
80.96
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6503, the sentiment is Positive. The current price of 5799 is below the 20-day moving average (MA) of 6030.20, below the 50-day MA of 6044.26, and above the 200-day MA of 4939.62, indicating a bullish trend. The MACD of -61.36 indicates Negative momentum. The RSI at 52.23 is Neutral, neither overbought nor oversold. The STOCH value of 80.96 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6503.
Mitsubishi Electric Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥2.09T | 22.21 | 12.05% | 1.50% | 9.27% | 3.49% | |
70 Outperform | ¥673.74B | 16.13 | 9.63% | 2.12% | 4.94% | 37.62% | |
69 Neutral | ¥7.83T | 46.99 | 32.32% | 0.91% | 20.73% | 72.44% | |
68 Neutral | ¥3.26T | 44.99 | 10.06% | 1.21% | 8.80% | 117.61% | |
65 Neutral | ¥12.72T | 30.20 | 9.29% | 1.19% | 6.76% | 27.28% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥1.90T | 53.67 | 8.39% | 1.49% | 0.83% | -37.84% |
* Industrials Sector Average
JP:6503
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Mitsubishi Electric Corporate Events
Mitsubishi Electric Corrects Capex Figures as Fiscal 2026 Profit Jumps 26%
Jun 11, 2026
Mitsubishi Electric has issued a partial correction to its previously disclosed fiscal 2026 consolidated financial results, revising capital expenditure figures in several segments and lifting the consolidated total to 270.6 billion yen for FY 202...
Mitsubishi Electric to Exit Kodensha Stake in Portfolio Realignment
May 25, 2026
Mitsubishi Electric has agreed to transfer its entire stake in consolidated subsidiary The Kodensha Co., Ltd. to Kodensha via a share repurchase, following a tender offer by KINDEN Corporation in which Mitsubishi Electric will not participate. Aft...
Mitsubishi Electric to Dispose of Treasury Shares for Expanded Stock Compensation Plans
May 25, 2026
Mitsubishi Electric will dispose of a total of 513,600 shares of treasury stock on June 12, 2026, allocating them to trust accounts managed by The Master Trust Bank of Japan for its Board Incentive Plan and a newly introduced Employee Stock Owners...
Mitsubishi Electric Expands Equity-Based Pay With New ESOP for Executives
May 25, 2026
Mitsubishi Electric will increase contributions to its performance-based stock compensation plan for executive officers and associates, while also introducing a new stock compensation scheme for executive-level employees via an ESOP trust starting...
Mitsubishi Electric to Book ¥210 Billion Extraordinary Gain From Pension Asset Return
May 25, 2026
Mitsubishi Electric Corporation plans to book a substantial extraordinary gain in its non-consolidated results after securing a partial return of overfunded retirement benefit trust assets. The company’s plan assets exceed defined benefit ob...
Mitsubishi Electric Lifts Dividend Outlook for Fiscal 2027 After Maintaining 2026 Payout
May 13, 2026
Mitsubishi Electric’s board has approved a year-end dividend of 30 yen per share for fiscal 2026, matching the prior year’s payout and reflecting its policy of targeting roughly a 3% adjusted dividend-on-equity ratio to balance shareho...
Mitsubishi Electric Lifts Profit and Dividend on Infrastructure and Automation Gains
Apr 28, 2026
Mitsubishi Electric reported solid fiscal 2026 results, with revenue rising 7% to 5.89 trillion yen and net profit attributable to shareholders jumping 26% to 407.7 billion yen, driven by a weaker yen, price improvements, and stronger performance ...
Mitsubishi Electric Weighs Foxconn Alliance for Joint Automotive Equipment Operations
Apr 24, 2026
Mitsubishi Electric Corporation has signed a memorandum of understanding with Hon Hai Precision Industry (Foxconn) to explore a strategic alliance for their automotive equipment businesses, aiming to leverage Foxconn’s global manufacturing a...
Mitsubishi Electric Names New Director Slate, Adds Governance Expert to Board
Mar 30, 2026
Mitsubishi Electric has announced a slate of director candidates to be submitted for approval at its June 2026 Ordinary General Meeting of Shareholders, reflecting a continued emphasis on experienced leadership and outside oversight. The list incl...
Mitsubishi Electric Joins ROHM–Toshiba Talks on Major Chip Business Integration
Mar 27, 2026
Mitsubishi Electric has signed a memorandum of understanding to begin talks on integrating its power device business with the semiconductor operations of ROHM and Toshiba Electronic Devices Storage, alongside Japan Industrial Partners and TBJ Hol...
Mitsubishi Electric Denies Decision on Power Semiconductor Merger Talks
Mar 27, 2026
Mitsubishi Electric has clarified that recent media reports suggesting it will enter talks with Rohm and Toshiba to merge their power semiconductor operations are not based on any announcement from the company. The firm emphasized that no concrete...
Mitsubishi Electric Denies Foxconn Deal Is Decided as It Weighs Options for Auto Unit
Mar 18, 2026
Mitsubishi Electric has denied media reports that it has already decided to accept an investment from Hon Hai Precision Industry, known as Foxconn, into its automotive equipment business, stressing that such articles are not based on any announcem...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.