Mitsubishi Electric Statistics By Operating Profit, Revenue, Net Sales And Employees
Updated · Oct 18, 2024
Table of Contents
- Introduction
- Editor’s Choice
- Mitsubishi Electric Research And Development Costs
- Mitsubishi Electric’s Operating Profit
- Mitsubishi Electric Revenue By Region
- Mitsubishi Electric Automation System Revenue
- Mitsubishi Electric Net Sales Over Time
- Mitibushi Electric Revenue By Business Segment
- Mitbushi Electric Employees
- Mitsubishi Electric Total Assets
- Mitsubishi Electric Products
- Discontinued Mitibushi Electronic Products
- Mitsubishi Electric Overview
- Conclusion
Introduction
Mitsubishi Electric Statistics: Mitsubishi Electric is a global leader in electrical and electronic equipment manufacturing, serving various sectors such as energy, transportation, industrial automation, and consumer electronics. By going through Mitsubishi Electric Statistics, we will learn how the company has developed a reputation for innovation and quality across its product lines, including air conditioning systems, power generation technologies, semiconductors, and communication systems.
With investments in cutting-edge technologies like artificial intelligence (AI), the Internet of Things (IoT), and advanced semiconductor devices, Mitsubishi Electric is positioning itself as a critical player in the evolving global market.
Editor’s Choice
- R&D costs rose from ¥195.3B in 2015 to ¥221.8B in 2024, showing consistent investment in innovation
- Operating profit grew from ¥327.44B in 2018 to ¥365.8B in 2024
- Japan leads regional revenue at ¥2,559.47B, followed by Europe at ¥733.09B
- Automotive segment revenue increased from ¥1.44T in 2018 to ¥1.46T in 2022
- Net sales grew from $32.83B in 2012 to $34.73B in 2024
- Air Conditioning Systems and Home Products lead segment revenue at $9.42B
- Employee count increased from 109,565 in 2010 to 149,134 in 2024
- Total assets grew from $29B in 2010 to $40.74B by 2024
- Factory automation systems generated $5.06B in revenue in 2023
- Defense and Space Systems recorded $1.71B revenue in 2023
- Europe contributed ¥733.09B to total revenue in 2023
- Automotive equipment division generated $6.24B in 2023
- Building systems sector contributed $4.13B in 2023
- The semiconductor division reached $1.93B in revenue in 2023
- Total revenue reached $38.5B in 2023, up from $37B in 2022
Mitsubishi Electric Research And Development Costs
(Reference: statista.com)
- Mitsubishi Electric Statistics show that research and development costs have increased consistently.
- In 2015, the research and development expenses were 195.3 billion Japanese yen, which increased to 221.8 billion in 2024.
Mitsubishi Electric’s Operating Profit
(Reference: statista.com)
- Mitsubishi Electric Statistics show that operating profit has increased over time.
- In 2018, the operating profit was 327.44 billion Japanese Yen, which increased to 365.8 billion Japanese Yen in 2024.
Mitsubishi Electric Revenue By Region
(Reference: statista.com)
- Mitsubishi Electric Statistics show that the company’s revenue can be categorized into the following regions: Japan, Europe, North America, Asia (other than China and Japan), and China.
- Japan has the highest revenue with 2559.47 billion Japanese Yen, followed by Europe with ¥733.09 billion, North America with ¥697.02 billion, Asia (other than China and Japan) with ¥644.69 billion, China with ¥532.39 billion, Other regions with ¥91.25 billion.
Mitsubishi Electric Automation System Revenue
(Reference: statista.com)
- Mitsubishi Electric Statistics: the automotive segment revenue has increased consistently over time.
- In 2018, the revenue was 1.44 trillion Japanese Yen, which increased to 1.46 trillion Japanese Yen in 2022.
Mitsubishi Electric Net Sales Over Time
(Reference: statista.com)
- Mitsubishi Electric Statistics show that the company’s net sales have increased.
- In 2012, the net sales were $32.83 billion, which increased to $34.73 billion in 2024.
- Between the period 2012 and 2024, the highest net sale was recorded in 2020 at $41.5 billion.
Mitibushi Electric Revenue By Business Segment
(Reference: statista.com)
- Mitsubishi Electric Statistics show that Building Systems, Energy Systems, Public Utility Systems, Factory Automation Systems, Defense & Space Systems, Air Conditioning Systems & Home Products, Others, Automotive Equipment, Semiconductor & Devices are different segments of Mitsubishi Electric systems.
- Air Conditioning Systems & Home Products has the highest revenue with $9.42 billion, followed by Automotive Equipment with $6.24 billion, Others with $5.57 billion, Factory Automation Systems with $5.06 billion, Building Systems with $4.13 billion, Public Utility Systems with $2.85 billion, Energy Systems with $2.29 billion, Semiconductor & Device with $1.93 billion, Defense & Space Systems with $1.71 billion.
Mitbushi Electric Employees
(Reference: statista.com)
- Mitsubishi Electric Statistics show that the number of employees has increased over time.
- In 2010, the number of employees was 109,565, which increased to 149,134 by the end of 2024.
- It shows that even after several disruptions such as COVID-19 in 2020, the employee count has been consistent.
Mitsubishi Electric Total Assets
(Reference: statista.com)
- Mitsubishi Electric Statistics show that the company’s assets have increased over time.
- In 2010, the asset value was $29 billion, which increased to $40.74 billion by the end of 2024.
- Between the period 2010 to 2024, the highest net fat was recorded in 2021, with $43.34 billion.
Mitsubishi Electric Products
- Refrigerators and freezers
- Air conditioning systems
- Satellite communications
- Data transmission system solutions
- Vacuum cleaners, electric fans
- Air purifiers, dehumidifiers
- Room air conditioners (marketed as Mitsubishi Mr. Slim Room Air Conditioner and Mitsubishi Kirigamine)
- Factory automation systems
- Transportation systems
- Elevators, escalators
- Air curtains
- Power modules, high-power devices
- High-speed hand dryers (marketed as Mitsubishi Jet Towel)
- Car multimedia products
- Large-scale LED displays
- Variable refrigerant flow (VRF) systems (marketed as Mitsubishi CITY MULTI)
- Ventilators
- Multimedia projectors
- Home appliances
- Moving walks
- High-frequency devices
- Satellite programs, platforms, and components
- Programmable controllers
- Transportation planning and control systems
- Rolling stock systems
- Charging and starting products
- Mobile Mapping System, a high-precision GPS mobile measurement system
- SCOPO, the world’s first transmission at 10 Gbit/s between relay equipment boards set at a distance of 500 millimeters (20 in) apart
- Air conducting fan
- Uninterruptible power supply
- Photovoltaic panels
- Public systems
- Information and communications systems
- Power information & communication technology
- Visual information systems
- Power generation systems
- Power supply and electrification systems
- Active electronically scanned array radar systems for the Mitsubishi F-2 fighter
- Applied superconductor systems
- Space systems
- Semiconductor devices
- Medium & low-voltage switchgear and systems
- Optical devices
- Communication systems
- Rice cookers, toasters
- EcoCute (marketed as Ecodan or DIAHOT)
- Industrial and collaborative robots, processing machines
- AC servo systems, inverters
- Power modules, high-power devices
- Factory automation systems
- Transportation planning and control systems
- Diamond Vision, large-scale video displays for sports venues and commercial applications
- Sensors (Contact image sensors, etc.)
- Rolling stock systems
- Iter nuclear fusion reactor
- Satellite programs, platforms, and components
- Car multimedia products
- Air conditioning systems
- Power supply and electrification systems
- Power generation systems
- Water treatment systems, water pumps
- Charging and starting products
- Doppler lidar, radar systems
- Power information & communication technology
- Printers
- Visual information systems
- Applied superconductor systems
- Saffron Type System, an anti-aliased text-rendering engine
- Programmable controllers
- Medium & low-voltage switchgear and systems
- Diamond Vision, large-scale video displays for sports venues and commercial applications
(Source: Wikipedia)
Discontinued Mitibushi Electronic Products
- Particle Beam Treatment System
- Large-screen HDTVs
- Direct-view CRT televisions and monitors (Diamond Views, Diamondtrons)
- Video Cassette Recorders (Mitsubishi Black Diamond VCR)
- System LSIs
- LCD TVs
- Computers (MELCOM mainframe, Multi8, Multi16, MSX home computers)
- DLP High Definition TVs
- Televisions
- Mobile phones (1999 to 2008)
- Computer memory
- Popular music (via Nippon Crown, sold in 2001)
(Source: Wikipedia)
Mitsubishi Electric Overview
Mitsubishi Electric is a global leader in electrical and electronic equipment, with a diverse portfolio ranging from home appliances to advanced defense and space systems. The company’s market performance, as reflected in Mitsubishi Electric Statistics for 2023 and 2024, shows steady growth across multiple sectors. The company remains a significant player in the global electronics and industrial systems markets.
#1. Revenue Growth and Performance
In 2023, Mitsubishi Electric achieved total revenue of US $38.5 billion, a solid increase compared to US $37 billion in 2022. This growth, representing a 4% increase, was driven by solid demand in the automotive, factory automation, and building systems sectors. The company’s revenue is expected to rise further in 2024, reaching US $40 billion, a projected 3.9% increase. This continued growth can be attributed to Mitsubishi Electric’s focus on innovation, particularly in energy-efficient technologies and cutting-edge electronics.
#2. Automotive Equipment Sector
Mitsubishi Electric’s automotive equipment division has been one of its most significant revenue drivers. In 2023, this segment generated US $6.24 billion, making it the company’s most prominent business segment by revenue. The demand for electric vehicles (EVs) and advanced automotive electronics, such as electric power steering systems and safety systems, has propelled this growth. By 2024, revenue from the automotive equipment sector is projected to increase by 5.6%, reaching US $6.6 billion. As the global automotive industry shifts towards electrification and automation, Mitsubishi Electric is well-positioned to maintain its leadership.
#3. Factory Automation Systems
The Mitsubishi Electric Statistics for 2023 highlight that the factory automation systems segment generated US $5.06 billion in revenue. This division focuses on industrial robots, programmable controllers, and inverters, all essential components for intelligent manufacturing and industrial automation. The demand for automated solutions in manufacturing has been a critical growth driver for Mitsubishi Electric, especially in regions like Asia-Pacific and Europe. The revenue from factory automation systems is expected to grow by 4.9% in 2024, reaching US $5.31 billion.
#4. Building Systems
In 2023, the building systems sector contributed US $4.13 billion to Mitsubishi Electric’s total revenue. This segment includes elevators, escalators, and building management systems, and its growth has been driven by increased urbanization and infrastructure development, particularly in Asia. Mitsubishi Electric has a strong foothold with innovative products like energy-efficient elevators and high-speed escalators. 2024, the company expects this sector’s revenue to rise by 4.3%, reaching US $4.31 billion.
#5. Public Utility Systems
The public utility systems division, which includes power generation and transmission systems, accounted for US $2.85 billion in revenue in 2023. The demand for sustainable and renewable energy solutions has been a significant driver for this sector. Mitsubishi Electric’s investments in innovative grid technologies and power generation systems have positioned it as a leader in the global energy market. By 2024, this segment’s revenue is expected to increase by 4%, totaling US $2.97 billion.
#6. Energy Systems
The energy systems sector has also been crucial to Mitsubishi Electric’s portfolio. In 2023, this division generated US $2.29 billion in revenue, focusing on power generation systems, including renewable energy solutions such as photovoltaic panels and nuclear fusion reactors. Mitsubishi Electric’s energy systems are in high demand globally due to the increasing focus on clean energy. The revenue from this sector is projected to grow by 4.8% in 2024, reaching US $2.4 billion.
#7. Semiconductor and Device
Mitsubishi Electric’s semiconductor and device division contributed US $1.93 billion to the company’s total revenue in 2023. This sector specializes in power modules, sensors, and high-frequency devices, crucial for the telecommunications, consumer electronics, and automotive industries. The semiconductor market is highly competitive, but Mitsubishi Electric’s innovative products have helped the company maintain a strong market presence. Revenue in this sector is expected to grow by 3.7% in 2024, totaling US $2 billion.
#8. Defense And Space Systems
The defense and space systems sector, which includes satellite communications and radar systems, generated US $1.71 billion in 2023. Mitsubishi Electric has been a critical supplier of defense technologies, particularly in Japan, and has expanded its space-related technologies through satellite development. By 2024, revenue from this sector is expected to reach US $1.78 billion, reflecting a 4.1% increase. The growth in this segment is driven by increased investments in space exploration and defense technologies worldwide.
#9. Other Sectors
Other sectors within Mitsubishi Electric’s portfolio, which include air conditioning systems and home products, generated US $5.57 billion in 2023. This segment covers various products, from refrigerators to air conditioning systems marketed under brands like Mr. Slim and Ecodan. The company’s focus on energy-efficient appliances has resonated with environmentally conscious consumers, driving growth in this sector. In 2024, Mitsubishi Electric expects this segment to generate US $5.85 billion, a 5% increase compared to 2023.
#10. Regional Breakdown
The Mitsubishi Electric Statistics for 2023 indicate that the company’s revenue was primarily driven by its operations in Europe, which contributed ¥733.09 billion (approximately US $5.44 billion). North America followed closely with ¥697.02 billion (around US $5.18 billion), while Asia (excluding Japan and China) contributed ¥644.69 billion (approximately US $4.78 billion). China generated about ¥532.39 billion (around US $3.95 billion), and other regions accounted for ¥ $ 91.25 billion (about US $678 million).
For 2024, Mitsubishi Electric expects revenue growth across all regions, mainly Europe and North America, driven by increasing demand for automotive equipment, factory automation systems, and renewable energy solutions. The company’s focus on global expansion and technological innovation ensures it remains a dominant player in key markets.
In conclusion, Mitsubishi Electric Statistics for 2023 and 2024 clearly illustrate the company’s strong market position and growth trajectory across various industries. Its commitment to innovation and sustainability will continue to drive its success in the future.
Conclusion
Mitsubishi Electric has consistently grown across multiple sectors, establishing itself as a global electrical and electronic equipment manufacturing leader. Mitsubishi Electric Statistics show that the company’s financial performance shows steady improvement, with total revenue reaching $38.5B in 2023 and projected growth to $40B in 2024.
Their strategic focus on key sectors like automotive equipment, factory automation, and air conditioning systems has driven significant revenue generation. The company’s commitment to innovation is evident through increasing R&D investments, rising from ¥195.3B to ¥221.8B over the past decade.
Sources
FAQ.
Air Conditioning Systems & Home Products with $9.42B in revenue.
Increased from ¥195.3B in 2015 to ¥221.8B in 2024.
Japan leads with ¥2,559.47B in revenue.
149,134 employees as of 2024
$40.74B as of 2024
$6.24B in 2023.
$38.5B in total revenue
$1.93B in revenue
Generated $5.06B in revenue, making it a significant player in industrial automation.
Achieved 4% growth from $37B in 2022 to $38.5B in 2023.
Maitrayee Dey has a background in Electrical Engineering and has worked in various technical roles before transitioning to writing. Specializing in technology and Artificial Intelligence, she has served as an Academic Research Analyst and Freelance Writer, particularly focusing on education and healthcare in Australia. Maitrayee's lifelong passions for writing and painting led her to pursue a full-time writing career. She is also the creator of a cooking YouTube channel, where she shares her culinary adventures. At Smartphone Thoughts, Maitrayee brings her expertise in technology to provide in-depth smartphone reviews and app-related statistics, making complex topics easy to understand for all readers.
