Mitsubishi Electric Possesses Strong FA Business but Hurdles Exist with Automotive Business

Mitsubishi Electric utilizes its technology related to the control of electricity to cover a broad spectrum of business fields, including factory automation, or FA, elevators/escalators, social infrastructure-related equipment, satellite and communication equipment, and air conditioners. The company has the leading domestic share and/or top 5 global share in various products, including program logic controllers, or PLCs, for factory automation, electric systems equipment for trains, elevators/escalators, turbine generators, and power semiconductors. Its key drivers--the industrial automation systems segment (which includes FA equipment as well as automobile equipment) and energy and electric systems segment (which includes heavy electrical equipment like elevators, train systems, and power generation equipment)--together average about 65% of total operating income excluding eliminations over the past three years.