Mitsubishi Electric
Mitsubishi Electric Corporation (三菱電機株式会社, Mitsubishi Denki kabushikigaisha, also abbreviated as MELCO) is a Japanese multinational electronics and electrical equipment manufacturing company headquartered in Tokyo, Japan. It was established in 1921 as a spin-off from the electrical machinery manufacturing business of Mitsubishi Shipbuilding (current Mitsubishi Heavy Industries) at the Kobe Shipyard. The products from MELCO include elevators and escalators, high-end home appliances, air conditioning, factory automation systems, train systems, electric motors, pumps, semiconductors, digital signage, and satellites.[4]
Not to be confused with Melco.
Native name
三菱電機株式会社
Mitsubishi Denki kabushikigaisha
Mitsubishi Electric Manufacturing Co., Ltd.
Tokyo Building, 2-7-3, Marunouchi, Chiyoda, Tokyo, Japan
Worldwide
Energy and electric systems, electronic devices, industrial automation systems, home appliances, information and communication systems and space systems
¥252 billion (2022)[2]
¥203 billion (2022)[2]
¥5.107 trillion (2022)[2]
¥2.975 trillion (2022)[2]
149,655[3] (2022)
- Mitsubishi Electric Information Systems
- Mitsubishi Electric Information Network
- Mitsubishi Electric IT Solutions
- Mitsubishi Electric Building Solutions
- Mitsubishi Electric Engineering
- Mitsubishi Electric Software
- Mitsubishi Electric System & Serviece
- Mitsubishi Electric Plant Engineering
- Mitsubishi Electric Mechatronics Engineering
- Melco Semiconductor Engineering
- Mitsubishi Electric Lighting
- Mitsubishi Precision
- Mitsubishi Electric TOKKI Systems
- SPC Electronics
- Mitsubishi Electric Control Panel
- Mitsubishi Electric Public Utility Equipment
- DB Seiko
- Melco Power Device
- Melco Mobility Solutions
- Mitsubishi Electric Air Conditioning & Refrigeration Equipment Sales
- Mitsubishi Electric Life Service
- Mitsubishi Electric Mechatronics Technologies
- Mitsubishi Electric US Holdings
- Mitsubishi Electric Europe
- Mitsubishi Electric Hydronics & IT Cooling Systems
- Mitsubishi Electric India
- Mitsubishi Electric Asia
- Mitsubishi Electric Thai Auto-Parts
- Toshiba Mitsubishi-Electric Industrial Systems (50%)
History[edit]
MELCO was established as a spin-off from the Mitsubishi Group's other core company Mitsubishi Heavy Industries, then Mitsubishi Shipbuilding, as the latter divested a marine electric motor factory in Kobe, Nagasaki. It has since diversified to become the major electronics company.[5][6]
MELCO held the record for the fastest elevator in the world, in the 70-story Yokohama Landmark Tower, from 1993 to 2005.[7]
The company acquired Nihon Kentetsu, a Japanese home appliance manufacturer, in 2005.[8]
In 2015 the company acquired DeLclima, an Italian company that designs and produces HVAC and HPAC units, renamed Mitsubishi Electric Hydronics & IT Cooling Systems SpA in 2017.[9][10]
In early 2020, MELCO was identified as a victim of the year-long cyberattacks perpetrated by the Chinese hackers.[11]
In 2023, MELCO announced its plans to spend 100 billion yen to build a new semiconductor factory in Kumamoto Prefecture, with a target date of April 2026 to begin production.[12]
In 2021, the World Intellectual Property Organization (WIPO)’s annual World Intellectual Property Indicators report ranked Mitsubishi Electric's number of patent applications published under the PCT System as 3rd in the world, with 2,661 patent applications being published during 2020.[13] This position is down from their previous ranking as 2nd in 2019 with 2,334 applications.[14] Some product lines of MELCO, such as air conditioners, overlap with the products from Mitsubishi Heavy Industries partly because the companies share the same root.[6][5]
As of 2013, MELCO's business network around the world were the following:
Sports[edit]
Until September 2016, the company had a corporate team which is now known as the Nagoya Diamond Dolphins. Mitsubishi continues to sponsor the team.
Mitsubishi Electric signed a title sponsorship deal with the AFF Championship (renaming the competition as the AFF Mitsubishi Electric Cup) from the 2022 edition onwards.[34]
