MITSUBISHI ELEC UNSP/ADR - MIELY STOCK NEWS

Mitsubishi Electric Corporation (TOKYO:6503) announced a new management structure effective April 1, 2022, following a Board of Directors meeting on February 17, 2022. This reorganization aims to advance the company’s integrated solutions strategy across the sectors of Life, Industry, Infrastructure, and Mobility. New Business Area (BA) Owners will oversee interconnected business groups, facilitating mergers, acquisitions, and strategic resource shifts. The changes intend to foster dynamic management reforms and create synergies across various business areas.

Mitsubishi Electric Corporation has announced the launch of its new SLIMDIP-X power semiconductor module on February 18. This module offers reduced thermal resistance and lower noise, aimed at simplifying and downsizing inverter systems in home appliances like air conditioners and refrigerators. Key improvements include a 35% reduction in thermal resistance and an increased current rating of 20A. The design compatibility with the SLIMDIP series will streamline development and lower production costs, enhancing overall system efficiency.

Mitsubishi Electric Corporation (MIELY) announced it has earned a top designation as a 'Supplier Engagement Leader' in the 2021 CDP Supplier Engagement program, marking its fifth consecutive year of receiving this honor. The designation recognizes the company's effective strategies in reducing greenhouse gas emissions and addressing climate-change risks throughout its supply chain. Additionally, Mitsubishi Electric received an 'A List' designation in the Climate Change category, highlighting its commitment to environmental sustainability.

Mitsubishi Electric Corporation has announced the launch of a new half-bridge driver high-voltage integrated circuit (HVIC) with a built-in bootstrap diode function, aimed at reducing the number of components in inverter systems. Set to go on sale on April 1, this HVIC facilitates lower power consumption in products such as electric bikes and white goods. The demand for HVICs is rising, driven by the need for energy-saving solutions in motor control systems across various consumer and industrial applications.

Mitsubishi Electric Corporation has made a strategic advancement by delivering traction systems for 28 long-distance electric trains to SNCF Voyageurs, marking its first-ever supply to the French national operator. This historic delivery positions Mitsubishi as a pioneer in providing roof-mounted converters and inverters with natural air-cooling for mass-transit electric trains. The selection was based on the positive evaluation of prototype transformers previously delivered in December 2017, highlighting the company’s low maintenance costs and high performance.

Mitsubishi Electric Corporation (TOKYO:6503) reported strong consolidated financial results for the first nine months of fiscal 2022, ending December 31, 2021. Revenue rose to 3,181.2 billion yen, an 8% increase year-over-year, driven by growth in the Industrial Automation and Home Appliances segments. Operating profit surged by 38% to 190.1 billion yen, and net profit attributable to stockholders reached 148.4 billion yen—a 38% increase. However, the company revised its fiscal 2022 guidance downward due to soaring material prices and semiconductor shortages.

Mitsubishi Electric Corporation has unveiled a prototype for the world's smallest antenna designed for high-precision satellite-based positioning across four frequency bands. This compact antenna is set to enhance positioning capabilities for autonomous vehicles, including drones and small tractors. The innovative design incorporates three-dimensional wiring of linear elements on molded-resin layers, marking a significant advancement in satellite positioning technology.

Mitsubishi Electric Corporation has launched the ME Innovation Fund, a corporate venture capital fund aimed at investing 5 billion yen over the next ten years. Collaborating with Global Brain Corporation, the fund will focus on supporting global startups particularly in the domains of digital and green innovation. This initiative reflects the company's commitment to open innovation and adapting to evolving environmental and technological challenges.

Mitsubishi Electric Corporation has introduced its HealthCam scanning technology, which is currently under regulatory review. This innovative product enables touchless monitoring of vital signs, including heart rate and blood oxygen levels, and is designed for various locations such as homes, hospitals, and offices. The HealthCam uses advanced facial recognition and thermal detection to continuously monitor health conditions. With potential applications in emergency situations, it aims to enhance health outcomes through early detection and real-time alerts.