Mitsubishi Electric (JP:6503)
:6503
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Mitsubishi Electric
(6503)
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Rating:75Outperform
Price Target:
¥7,010.00
▲(20.88% Upside)
Action:Reiterated
Date:05/01/26
The score is driven primarily by improving financial performance with low leverage, supported by strong bullish technicals (price above key moving averages with positive momentum). This is tempered by a less compelling valuation profile (P/E around 21.6 and a low dividend yield).
Positive Factors
Diversified Business Model
Mitsubishi Electric’s broad portfolio across factory automation, HVAC/building systems, energy, transportation and semiconductors provides structural revenue diversification. This reduces reliance on any single cyclical market, supports cross-selling and recurring service revenue, and stabilizes long-term cash flows.
Negative Factors
Moderate Margins and Returns
Despite improvement, margins and return metrics remain middling relative to capital intensity of its businesses. Moderately low returns constrain reinvestment capacity and shareholder distributions, and indicate more limited pricing power or scale advantages versus higher‑margin peers over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Business Model
Mitsubishi Electric’s broad portfolio across factory automation, HVAC/building systems, energy, transportation and semiconductors provides structural revenue diversification. This reduces reliance on any single cyclical market, supports cross-selling and recurring service revenue, and stabilizes long-term cash flows.
Read all positive factors
Mitsubishi Electric (6503) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥13.78T
Dividend Yield1.19%
Average Volume (3M)4.92M
Price to Earnings (P/E)32.4
Beta (1Y)1.47
Revenue Growth6.76%
EPS Growth27.25%
CountryJP
Employees149,914
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)197.79
Shares Outstanding2,113,201,700
10 Day Avg. Volume6,056,250
30 Day Avg. Volume4,920,096
Financial Highlights & Ratios
PEG Ratio0.90
Price to Book (P/B)2.28
Price to Sales (P/S)1.73
P/FCF Ratio26.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥7,033.33Price Target Upside21.29% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)243.31
Revenue Forecast (FY)¥6.15T
Mitsubishi Electric Business Overview & Revenue Model
Company Description
Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company offers turbine generators, hydraulic turbine generators, nuclear power plant and power electronics equipment,...
How the Company Makes Money
Mitsubishi Electric primarily makes money by designing, manufacturing, and selling equipment, components, and large-scale systems to businesses, governments, and consumers, with revenue recognized from product shipments, project delivery, and ongo...
Mitsubishi Electric Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
70
Positive
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.89T | 5.52T | 5.26T | 5.00T | 4.48T |
| Gross Profit | 1.89T | 1.69T | 1.55T | 1.41T | 1.26T |
| EBITDA | 734.99B | 532.44B | 450.87B | 476.19B | 458.86B |
| Net Income | 407.70B | 324.08B | 284.95B | 213.91B | 203.48B |
Balance Sheet | |||||
| Total Assets | 7.36T | 6.38T | 6.17T | 5.58T | 5.11T |
| Cash, Cash Equivalents and Short-Term Investments | 731.61B | 757.33B | 765.38B | 645.87B | 727.18B |
| Total Debt | 363.28B | 462.29B | 501.29B | 505.05B | 394.71B |
| Total Liabilities | 2.73T | 2.30T | 2.30T | 2.22T | 2.01T |
| Stockholders Equity | 4.48T | 3.95T | 3.74T | 3.24T | 2.98T |
Cash Flow | |||||
| Free Cash Flow | 379.83B | 261.92B | 239.72B | -8.85B | 126.31B |
| Operating Cash Flow | 575.99B | 455.90B | 415.48B | 166.71B | 282.37B |
| Investing Cash Flow | -344.40B | -206.16B | -105.47B | -150.38B | -117.56B |
| Financing Cash Flow | -304.72B | -250.92B | -228.76B | -117.72B | -238.63B |
Mitsubishi Electric Technical Analysis
Positive
5799.00
Price Trends
5877.24
Positive
5559.02
Positive
4767.12
Positive
Market Momentum
162.33
Negative
60.73
Neutral
86.11
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6503, the sentiment is Positive. The current price of 5799 is below the 20-day moving average (MA) of 6331.45, below the 50-day MA of 5877.24, and above the 200-day MA of 4767.12, indicating a bullish trend. The MACD of 162.33 indicates Negative momentum. The RSI at 60.73 is Neutral, neither overbought nor oversold. The STOCH value of 86.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6503.
Mitsubishi Electric Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥2.21T | 23.21 | 12.05% | 1.50% | 9.27% | 3.50% | |
75 Outperform | ¥13.78T | 32.37 | 9.29% | 1.19% | 6.76% | 27.25% | |
70 Outperform | ¥657.99B | 15.72 | 9.63% | 2.12% | 4.94% | 37.62% | |
69 Neutral | ¥8.37T | 50.26 | 32.32% | 0.91% | 20.73% | 72.44% | |
68 Neutral | ¥3.66T | 50.53 | 10.06% | 1.21% | 8.80% | 117.61% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥1.88T | 53.05 | 8.39% | 1.49% | 0.83% | -37.84% |
* Industrials Sector Average
JP:6503
Mitsubishi Electric
6,558.00
3,712.96
130.51%
JP:6504
Fuji Electric Co
15,440.00
9,245.79
149.27%
JP:5801
Furukawa Electric Co
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45,308.16
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GS Yuasa
6,560.00
4,030.82
159.37%
JP:6506
Yaskawa Electric
7,208.00
3,980.51
123.33%
JP:5803
Fujikura Ltd
4,771.00
3,648.87
325.17%
Mitsubishi Electric Corporate Events
Mitsubishi Electric Lifts Profit and Dividend on Infrastructure and Automation Gains
Apr 28, 2026
Mitsubishi Electric reported solid fiscal 2026 results, with revenue rising 7% to 5.89 trillion yen and net profit attributable to shareholders jumping 26% to 407.7 billion yen, driven by a weaker yen, price improvements, and stronger performance ...
Mitsubishi Electric Weighs Foxconn Alliance for Joint Automotive Equipment Operations
Apr 24, 2026
Mitsubishi Electric Corporation has signed a memorandum of understanding with Hon Hai Precision Industry (Foxconn) to explore a strategic alliance for their automotive equipment businesses, aiming to leverage Foxconn’s global manufacturing a...
Mitsubishi Electric Names New Director Slate, Adds Governance Expert to Board
Mar 30, 2026
Mitsubishi Electric has announced a slate of director candidates to be submitted for approval at its June 2026 Ordinary General Meeting of Shareholders, reflecting a continued emphasis on experienced leadership and outside oversight. The list incl...
Mitsubishi Electric Joins ROHM–Toshiba Talks on Major Chip Business Integration
Mar 27, 2026
Mitsubishi Electric has signed a memorandum of understanding to begin talks on integrating its power device business with the semiconductor operations of ROHM and Toshiba Electronic Devices Storage, alongside Japan Industrial Partners and TBJ Hol...
Mitsubishi Electric Denies Decision on Power Semiconductor Merger Talks
Mar 27, 2026
Mitsubishi Electric has clarified that recent media reports suggesting it will enter talks with Rohm and Toshiba to merge their power semiconductor operations are not based on any announcement from the company. The firm emphasized that no concrete...
Mitsubishi Electric Denies Foxconn Deal Is Decided as It Weighs Options for Auto Unit
Mar 18, 2026
Mitsubishi Electric has denied media reports that it has already decided to accept an investment from Hon Hai Precision Industry, known as Foxconn, into its automotive equipment business, stressing that such articles are not based on any announcem...
Mitsubishi Electric Reshapes HR Structure and Elevates Executives Ahead of April 2026
Feb 19, 2026
Mitsubishi Electric announced organizational and executive changes effective April 1, 2026, following a board decision in Tokyo. The Corporate Human Resources Group will be renamed the Corporate Human Resources Culture Transformation Group, conso...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.