MITSUBISHI ELEC UNSP/ADR - MIELY STOCK NEWS

Mitsubishi Electric Corporation (TOKYO:6503) announced plans to delist its common stock from the London Stock Exchange (LSE) due to low trading volumes, stating that the maintenance of its listing offers no significant benefit. The application for delisting will be filed in January 2023, with completion expected by early February 2023. The company emphasized that this action will have a negligible effect on shareholders. Mitsubishi Electric will continue its listing on the Tokyo Stock Exchange.

Mitsubishi Electric Corporation (Tokyo:6503) has announced the release of its new SLIMDIP-Z power semiconductor module, featuring a high-rated current of 30A, set for February 2023. This compact module aims to simplify and downsize inverter systems in home appliances, thereby enhancing energy efficiency and addressing the growing demand for power semiconductors. Key features of the module include an optimized frame design and reduced thermal resistance, improving thermal management and performance for applications in air conditioners and refrigerators.

Mitsubishi Electric Corporation (Tokyo: 6503) has unveiled a new AI technology capable of detecting dangerous behavior by analyzing movements of multiple individuals captured on video. This innovative solution, part of the company’s Maisart AI technologies, aims to enhance safety in public spaces like train stations and airports. Traditional AI struggles to differentiate between violent and non-violent interactions, but Mitsubishi's technology boasts a detection accuracy of approximately 90%. This advancement addresses the growing need for effective monitoring in crowded environments.

Mitsubishi Electric Corporation is set to launch its new thermal sensor, the MIR8060B3, on February 1, 2023, capable of measuring temperatures up to 200°C. This new product enhances safety in kitchens and factories, addressing the limitations of the existing MelDIR, which measures only up to 60°C. The MIR8060B3 features advanced signal processing, a wide viewing angle, and a high pixel count for increased monitoring capabilities. These improvements are expected to optimize factory operations and shorten lead times in product development.

Mitsubishi Electric Corporation has announced its development of a groundbreaking quantum AI technology that optimizes inference models using quantum neural networks, thereby reducing computational scale. This innovative technology can be integrated with classical machine learning, leading to versatile applications. Notably, it will be used in the first-ever terahertz imaging application for non-destructive inspections. Other uses include indoor monitoring via Wi-Fi signals and biosignal processing. These advancements highlight Mitsubishi Electric's commitment to leveraging AI for diverse technological solutions.

Mitsubishi Electric Corporation (TOKYO:6503) is set to launch its new KD-CXF series of contact image sensors (CISs) in December, starting with the KD6R1064CXF-NL model. This innovative technology features the industry’s deepest depth of field, allowing precise inspection of diverse object surfaces in manufacturing, overcoming previous limitations of shallow depth of field. The compact design minimizes installation and maintenance costs by eliminating the need for complex setups. The sensors can now accurately inspect irregular surfaces and objects subjected to vibration.

Mitsubishi Electric Corporation (TOKYO:6503) announced the launch of its new global slogan, “Automating the World”, for its Factory Automation Systems business, effective November 8. This slogan aims to highlight the company’s commitment to leveraging automation technologies for societal improvement. Developed with input from stakeholders, particularly in industrial automation, it signifies Mitsubishi's focus on intelligent manufacturing and innovation. Additionally, a tailored subphrase will be introduced in China to enhance local understanding.

Mitsubishi Electric Corporation (TOKYO:6503) reported its financial results for the first half of fiscal 2023, ending September 30, 2022. Revenue increased by 201.1 billion yen to 2,339.5 billion yen (up 9% year-on-year), driven by a weaker yen and higher demand in the Life and Industry segments. However, operating profit fell by 57.3 billion yen (down 42% year-on-year) due to rising costs and lower production levels, leading to a 3.4% operating profit margin. Net profit declined 30 billion yen (down 29%) to 74.8 billion yen. The revised forecast anticipates increased revenue but unchanged profit guidance.

Mitsubishi Electric Corporation has announced a strategic investment in FTV LABS Pte. Ltd., a Singapore-based company specializing in field service management software named KEGMIL. This investment, the fund's second, aims to enhance operational efficiency in sectors such as manufacturing and logistics across Southeast Asia. With an emphasis on mobile-first technology, the partnership seeks to address rising demand for technical services and improve last-mile digitization, thereby enabling knowledge retention and workflow automation.