Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  Mitsubishi Electric Corporation    6503   JP3902400005

MITSUBISHI ELECTRIC CORPORATION (6503)
Mes dernières consult.
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Mitsubishi Electr. : Mitsubishi Electric Affiliates Suspended from Ministry of Defense Bidding

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/24/2012 | 04:05am EDT

Mitsubishi Electric Corporation (TOKYO:6503) announced that its consolidated subsidiaries and an equity method affiliate each received notice today from Japan's Ministry of Defense (MOD) that they have been suspended from participating in further bidding.

Following revelations on January 27 that Mitsubishi Electric had overcharged the MOD, the Cabinet Satellite Intelligence Center and the Japan Aerospace Exploration Agency for expenses, Mitsubishi Precision Co., Ltd., Mitsubishi Electric TOKKI Systems Corporation and Mitsubishi Space Software Co., Ltd., which are subsidiaries of Mitsubishi Electric, as well as Taiyo Musen Co., Ltd., an equity method affiliate, found through internal investigation that they had also overcharged the MOD by shifting work records among different orders. The four companies notified the MOD about the overcharges today.

The impact of this matter on Mitsubishi Electric's consolidated business performance is currently uncertain, but the company intends to disclose the impact as soon as the situation is better understood.

About Mitsubishi Electric
With over 90 years of experience in providing reliable, high-quality products to both corporate clients and general consumers all over the world, Mitsubishi Electric Corporation (TOKYO:6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. The company recorded consolidated group sales of 3,645.3 billion yen (US$ 43.9 billion*) in the fiscal year ended March 31, 2011. For more information visit http://www.MitsubishiElectric.com
*At an exchange rate of 83 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2011

Mitsubishi Electric Corporation
Investor Relations Inquiries:
Investor Relations Group
Corporate Finance Division
Tel: +81-3-3218-2391
[email protected]
https://www.MitsubishiElectric.com/ssl/contact/company/ir/form.html
or
Media Contact:
Yurika Fujimoto, +81-3-3218-3380
Public Relations Division
[email protected]
https://www.MitsubishiElectric.com/ssl/contact/company/prd/form.html


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MITSUBISHI ELECTRIC CORPOR
06/06MITSUBISHI ELECTRIC : Unveils Compact, Flexible and Highly Efficient Optical Mod..
BU
06/06MITSUBISHI ELECTRIC : Unveils Compact, Flexible and Highly Efficient Optical Mod..
PU
05/31MITSUBISHI ELECTRIC : Signs UN Global Compact
BU
05/30MITSUBISHI ELECTRIC : to Distribute Tablets to Employees for More Efficient and ..
BU
05/28MITSUBISHI ELECTRIC : Graphic Operation Terminal GOT2000 Series to Add Rugged Mo..
BU
05/28MITSUBISHI ELECTRIC : Graphic Operation Terminal GOT2000 Series to Add Rugged Mo..
PU
05/16MITSUBISHI ELECTRIC : New Fiber-laser Welding Technology Dramatically Reduces Sp..
BU
05/16MITSUBISHI ELECTRIC : New Fiber-laser Welding Technology Dramatically Reduces Sp..
PU
04/27HEINRICH HIESINGER : Investors demand more changes at Thyssenkrupp ahead of revi..
RE
04/27Investors demand more changes at Thyssenkrupp ahead of review
RE
More news
News from SeekingAlpha
04/27Mitsubishi Electric reports FY results 
04/27Tracking Ken Fisher's Fisher Asset Management Portfolio - Q1 2018 Update 
03/26Mitsubishi Electric announces dividend policy for the Fiscal 2018 
02/21Mitsubishi Electric appoints new President & CEO, Chairman 
02/02Mitsubishi Electric reports Q3 results 
Financials ( JPY)
Sales 2019 4 576 B
EBIT 2019 -
Net income 2019 270 B
Finance 2019 497 B
Yield 2019 2,50%
P/E ratio 2019 11,68
P/E ratio 2020 10,78
EV / Sales 2019 0,61x
EV / Sales 2020 0,55x
Capitalization 3 266 B
Chart MITSUBISHI ELECTRIC CORPOR
Duration : Period :
Mitsubishi Electric Corpor Technical Analysis Chart | 6503 | JP3902400005 | 4-Traders
Technical analysis trends MITSUBISHI ELECTRIC CORPOR
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 2 122  JPY
Spread / Average Target 43%
EPS Revisions
Managers
NameTitle
Takeshi Sugiyama President & Chief Executive Officer
Kenichiro Yamanishi Director
Masaki Sakuyama Chairman
Akihiro Matsuyama Director, Head-Finance & Accounting
Kenji Kondo Head-Information Technology & Development
Sector and Competitors
1st jan.Capitalization (M$)
MITSUBISHI ELECTRIC CORPORATION-24.20%29 772
3M COMPANY-12.92%121 689
SIEMENS2.99%117 781
GENERAL ELECTRIC COMPANY-23.78%115 515
HONEYWELL INTERNATIONAL-2.04%112 211
ILLINOIS TOOL WORKS-10.91%50 357