MEC's Sale of Unprofitable Car Multimedia Business Is a Positive First Step for Its Restructuring

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 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 growth drivers—FA systems, automobile equipment, and air conditioning systems/home appliances—together make up about 60% of revenue in fiscal 2022.