About
Mitsubishi Electric was carved out of one of Japan's oldest corporate empires in 1921, when the Mitsubishi shipyard's electrical equipment division was spun off as an independent company. The Mitsubishi name — three diamonds, chosen by founder Yataro Iwasaki in 1870 — carried enormous weight, and the new company used it to build everything from heavy electrical machinery to the world's best-selling air conditioners. The company's business spans five pillars: energy & industrial systems (generators, transformers, and factory automation), building systems (its air conditioners — the global market leader in split-type ACs under brands like Mr. Slim — and elevators), mobility (car electronics, train systems, and the automotive alternators and starters that go into millions of vehicles), and semiconductor & devices (power modules for EVs and industrial drives). Its factory automation division competes head-to-head with Fanuc and Siemens in robot controllers. Headquartered in Tokyo with about 150,000 employees and annual revenue near ¥5 trillion (US$33 billion), Mitsubishi Electric is a pillar of Japan's keiretsu system, sourcing and selling within the Mitsubishi network while competing globally. Its sustainability push — 'Environmental Vision 2050' — targets carbon neutrality through energy-efficient air conditioning and grid technologies. For builders and manufacturers, Mitsubishi Electric is the brand that cools, moves, and powers modern buildings and factories.
Also known as: Mitsubishi Electric
