Mitsubishi Electric Corp.

Mitsubishi Electric Power Products, Inc. announced its new Chip-to-Grid Reference Designs, an integrated blueprint for AI factories built with NVIDIA Vera Rubin NVL72 and future next-generation NVIDIA AI infrastructure. The designs target hyperscale, neocloud, and colocation operators across North America, providing scalable architecture built around 250 MW deployment blocks that support expansion to gigawatt-scale campuses and enable rack densities to grow from approximately 200 kW today to more than 1 MW per rack. Each 250 MW deployment block can operate islanded, using on-site generation and battery energy storage with a pathway to future utility interconnection, or grid connected. The framework integrates utility interconnection, on-site generation, battery energy storage, electrical distribution, advanced cooling, and facility controls, and aligns with NVIDIA MGX rack-scale accelerated computing platforms and the NVIDIA Vera Rubin DSX AI Factory Reference Design infrastructure provisioning strategy. Tricia Breeger, President and CEO of MEPPI, said success depends on resilient energy systems and scalable infrastructure that can grow from today's deployments to tomorrow's gigawatt-scale campuses, while Vladimir Troy, Vice President of AI Infrastructure at NVIDIA, said the designs give operators a repeatable blueprint for deploying NVIDIA Vera Rubin infrastructure.

Mitsubishi Electric Corporation announced that two of its research and development projects have been selected through a public solicitation by Japan's New Energy and Industrial Technology Development Organization, or NEDO, for support under an initiative to advance quantum computing and other information technology in the post-5G era. The NEDO project is officially known as the Research and Development Project to Strengthen Post-5G Information and Communication System Infrastructure, Accelerating the Development and Demonstration of Next-Generation Quantum Computers to Solve Societal Issues. Following the selection, Mitsubishi Electric will launch its two projects aimed at scaling up quantum computers: Research and Development of Multi-Qubit-Control Laser Systems, and Development of Ultra-Compact, Multi-Channel, Low-Noise Amplifier Modules for Large-Scale Superconducting Quantum Computers. The company said quantum computers are expected to revolutionize computing infrastructure by enabling larger-scale simulations and optimization than conventional computers in fields including medicine and drug discovery, finance, logistics and energy. Because qubits are fragile and highly susceptible to noise, technologies that combine multiple qubits are needed to correct errors, making scaling to the level of one million qubits a key challenge.

Mitsubishi Electric Corporation announced that its MELSEC iQ-R Series safety programmable controller has obtained an EU type examination certificate from TÜV Rheinland, confirming conformity with the EU Machinery Regulation (Regulation (EU) 2023/1230). This is the first certification of its kind for Mitsubishi Electric's factory automation business, making the company one of the world's first to receive it, and it is also the first EU type examination certificate audited by TÜV Rheinland Japan Ltd. The EU Machinery Regulation becomes mandatory on January 20, 2027, replacing the current EU Machinery Directive (Directive 2006/42/EC), and adds new mandatory cybersecurity requirements covering software, network connectivity, and remote access on top of existing physical functional safety rules. The certificate positions Mitsubishi Electric to help manufacturers meet the new European legal framework for machinery safety.

Mitsubishi Electric Corporation announced that its ME Innovation Fund has invested in OptQC Corp., a Japanese startup developing optical quantum computer hardware, marking the fund's sixteenth investment to date. OptQC originated from the University of Tokyo and was established on technologies developed by the university's Furusawa Laboratory, a world leader in optical quantum computing. The startup's optical quantum computer uses a proprietary architecture designed to limit increases in system size as qubit counts grow, and it has already delivered its first commercial system to a public research institution as well as hardware modules to private-sector companies. Through the investment, Mitsubishi Electric expects to gain early insights into OptQC's hardware development technologies, related components, customers and market trends. The company aims to lead the field of quantum computing and create new business opportunities by applying those insights to its own quantum technologies, software implementation knowhow and application development in industrial fields.

Mitsubishi Electric Corporation announced it has developed a plate heat exchanger for heat pump cooling and heating equipment with industry-leading heat transfer performance roughly three times that of conventional models. The new design reduces the number of plate layers, cutting the refrigerant charge to approximately one-third of conventional levels, which lowers environmental impact and improves safety. The company said the unit uses distribution channels at the fluid inlets and outlets to ensure uniform refrigerant flow across plates, including those fitted with micro-offset fins, producing an even distribution of gas-liquid two-phase flow. Channel placement was optimized using proprietary analysis technology that simulates the complex flow of two-phase refrigerants between fine fins. Mitsubishi Electric said the development responds to stricter refrigerant regulations tied to carbon neutrality goals, since next-generation refrigerants such as R32 have lower Global Warming Potential but are often flammable, making volume reduction essential to limit leak risks.

Auria announced a partnership and contract with Mitsubishi Electric Corporation to deliver next-generation satellite communications capabilities using Auria's Kythera Operating System mission and resource management software. Under the deal, Auria will supply software to dynamically and autonomously manage, optimize, and orchestrate payload and network resources for Mitsubishi Electric's next-generation, software-defined SATCOM satellites, drawing on the Kythera Operating System, part of Auria's HeliOS product line, to enable autonomous service provisioning, real-time resource optimization, orchestration of space and ground assets, and adaptive mission operations. Auria will also provide its KOS Interference Manager module, a HeliOS capability that detects, geolocates, and mitigates signal interference. Auria CEO Damian DiPippa said the combination of Mitsubishi Electric's software-defined satellite hardware with Auria's resource management and mission optimization software will let Mitsubishi Electric customers leverage higher capacity and more flexible, resilient, responsive, and efficient SATCOM services, while Auria SVP Growth Andy Musliner said the partnership marries Mitsubishi Electric's advanced satellite systems with the intelligent software needed to manage and optimize them. Mitsubishi Electric, a pioneer in Japanese space technology since the 1960s, recorded consolidated revenue of 5,894.7 billion yen, or U.S.$ 36.8 billion, in the fiscal year ended March 31, 2026.

Stripe announced a deal to buy AI model gateway and routing platform OpenRouter, with Bloomberg reporting the acquisition consideration could exceed $7 billion though financial terms were not disclosed. Madison Air Solutions agreed to acquire ebm-papst at an enterprise purchase price of $5.4 billion, or $5.0 billion net of future tax savings. Virtu Financial was considering a sale of its agency brokerage and technology division that could be worth up to $3.5 billion to $4 billion, according to people familiar with the matter. An investor group led by affiliates of KKR and Dragoneer Investment Group, plus Amwins Group, agreed to acquire Australian insurance company Steadfast Group for about A$7.7 billion, or US$5.5 billion. Bunker Hill Mining agreed to acquire Silver47 Exploration in an all-stock deal valued at about $163 million, forming a larger U.S. silver and critical minerals producer. Mitsubishi Electric agreed to acquire PCI Energy Solutions, a U.S.-based provider of enterprise software for energy management and optimization, for $1.4 billion. Veralto agreed to acquire Cleanwater1 for $465 million, or about $452 million net of estimated tax benefits, with closing expected in Q4 2026.

Mitsubishi Electric announced on the 20th that it will acquire PCI Energy Solutions, a major US software developer that manages power trading and other operations, for 1.4 billion dollars, or approximately 220 billion yen. By combining PCI's capabilities with Mitsubishi Electric's power control technologies and equipment, the company aims to provide smart energy services worldwide that optimize overall energy use. This is the largest acquisition in Mitsubishi Electric's history, and the deal is expected to be completed within the year after obtaining regulatory approval. PCI will become a wholly owned subsidiary of Mitsubishi Electric.

The Asia-Pacific automotive 48V systems market is projected to grow from $6.68 billion in 2025 to $29.94 billion by 2035, at a 16.17% CAGR, according to a new report from ResearchAndMarkets.com. Stricter emissions standards, government incentives, and demand for affordable electrification are accelerating 48V mild-hybrid adoption across China, India, Japan, South Korea, and Southeast Asia. These systems deliver 10–15% fuel-efficiency gains and serve as a bridge between conventional engines and full EVs. The report profiles key players including Hitachi, Nidec, and Mitsubishi Electric, and highlights challenges such as high implementation costs, complex system integration, and battery supply chain vulnerabilities.

MDA Space reported second-quarter revenue growth of 34% year-over-year, with adjusted EBITDA of $96 million and a 19.3% margin, prompting the company to raise its full-year guidance. The company achieved a book-to-bill ratio of 1.6 times in the quarter, and its pro forma backlog reached $4.4 billion following the Telesat expansion. Strategic acquisitions of Blue Canyon Technologies and CLS are expected to add $5 billion to the pipeline and double recurring revenue. New contracts from Telesat, the Canadian Space Agency, Mitsubishi Electric, BAE Systems, and OHB demonstrate diversified growth across defense, lunar, and commercial programs. Free cash flow turned negative at negative $178 million in the first half of 2026 due to working capital fluctuations and higher capital expenditures, while adjusted earnings per share remained flat at $0.36 as higher net income was offset by an increased share count from equity issuance.

Mitsubishi Electric Corporation announced it will acquire all remaining shares of MEDCOM, a Polish manufacturer of electrical equipment for railcars, through its subsidiary Mitsubishi Electric Europe B.V. The transaction, subject to regulatory approvals, is expected to close in the first half of the fiscal year ending March 2027. MEDCOM designs and produces auxiliary power supply systems, propulsion control systems, and industrial power electronics, primarily serving the European rail market. Since Mitsubishi Electric's initial investment in 2016, MEDCOM has utilized the group's silicon carbide power devices to develop compact, high-output railcar equipment. The full acquisition aims to integrate resources, accelerate decision-making, and strengthen Mitsubishi Electric's global transportation business base centered on Europe, while also expanding into broader infrastructure-related businesses.

Mitsubishi Electric has decided to build three production facilities in Japan for the next-generation fighter jet being jointly developed by Japan, the United Kingdom, and Italy. Chief Financial Officer Kenichiro Fujimoto revealed in an interview with Reuters that the facilities are expected to begin operations in three to four years, and will develop and manufacture avionics that determine combat capability. The company is considering a total of eight new defense-related buildings, including those for drones and air-to-air missiles jointly produced by Japan and the United States, and plans to raise defense business revenue from 450 billion yen in the fiscal 2026 forecast to 690 billion yen in fiscal 2030.

Mitsubishi Electric Corporation announced the launch of the S-EIV-X, a new model in its station energy saving inverter series that uses remote data acquisition to continuously monitor feeder voltage and operating data, maximizing the use of surplus regenerative power from braking trains. The system supplies this energy to station facilities such as lighting, air conditioning, and elevators, and is offered as a subscription service to reduce upfront installation costs. Previously, collecting such data required manual on-site visits to substations or electrical rooms, making timely optimization difficult. The S-EIV-X addresses this by enabling continuous remote monitoring, helping railway operators accelerate decarbonization efforts.

Mitsubishi Electric Corporation announced that its ME Innovation Fund has invested in JIJ Inc., a Japanese startup developing middleware for mathematical optimization using quantum computers. The investment, the fund’s fifteenth to date, will combine JIJ’s JijZept development platform with Mitsubishi Electric’s quantum technologies and application development expertise to accelerate commercial adoption. Mitsubishi Electric has positioned quantum computing as a key priority in its R&D strategy, aiming to establish technological superiority and speed up industrial implementation. JIJ CEO Yu Yamashiro said the partnership will advance the business application of quantum and optimization technologies.

Mitsubishi Electric lifted its fiscal 2027 outlook after reporting higher first-quarter profit and revenue. The company now projects attributable net profit of 495 billion yen, adjusted operating profit of 620 billion yen, and revenues of 6.27 trillion yen, up from its prior forecast of 475 billion yen, 590 billion yen, and 6.20 trillion yen respectively. In the first quarter, net profit attributable to stockholders rose 20.8 percent to 109.82 billion yen, operating profit grew 24.6 percent to 139.50 billion yen, and revenue increased 14 percent to 1.50 trillion yen. Mitsubishi Electric shares closed up 211.17 percent at 5,912.00 yen in Tokyo trading.

Mitsubishi Electric Corporation announced it will establish a new U.S. company, MEHITS US, Inc., in August to manufacture IT Cooling equipment in Mason, Ohio. The company will invest approximately USD 30 million to renovate and repurpose part of an existing production facility operated by Mitsubishi Electric Automotive America, Inc., with production scheduled to begin in April 2027. MEHITS US will operate under the holding company Mitsubishi Electric US Holdings, Inc. and aims to meet growing demand for IT Cooling systems in the United States, the world's largest market, while strengthening one-stop service capabilities from system design to sales and maintenance.

Mitsubishi Electric announced on the 28th that it will invest 10 million dollars in the US satellite startup Array Labs. Array Labs is developing technology to more accurately detect and track airborne targets such as ballistic missiles from satellites, and the two companies will collaborate on commercializing information services primarily for the security sector. The investment ratio was not disclosed. Mitsubishi Electric also announced the acquisition of Infostellar, which provides ground station services for satellite operators, on the 2nd of this month, and is successively pursuing partnerships with startups to respond to the rapid changes in technology required in the space and defense fields.

Mitsubishi Electric and Sony Group have agreed to establish a joint venture called Advanced Vision Solutions, set to begin operations in October, with Mitsubishi holding a 60% stake and Sony owning 40%. The venture will combine Mitsubishi's factory automation capabilities with Sony's image-sensor technology to offer AI-powered factory automation services. The partnership aims to strengthen both companies' positions as manufacturers increasingly adopt AI-driven industrial systems, with Mitsubishi seeking to enhance its competitiveness against rivals like Fanuc, Omron, Yaskawa Electric, Siemens, and Rockwell Automation. For Sony, the deal could help diversify its sensor customer base beyond the maturing smartphone market, leveraging its Intelligent Vision Sensors and Aitrios image-analysis platform. The announcement follows a visit to Japan by Nvidia CEO Jensen Huang, who urged Japanese businesses to seize what he called a generational opportunity in physical AI.

Mitsubishi Electric, Toshiba, and Rohm are aiming to reach an agreement by September to combine their power-chip businesses into a joint venture that would integrate sales, manufacturing, and development, with Mitsubishi Electric tentatively expected to lead the merged entity. Mitsubishi Electric CEO Kei Uruma said the companies are working through final terms and hope to announce plans by September, believing the deal could strengthen their ability to compete with major global rivals and possibly reach the top position in power-semiconductor market share. Each of the three companies currently holds less than 5% of the global power-semiconductor market, while Infineon Technologies controls nearly one-fifth, according to Omdia. The companies still need to resolve disagreements over the product scope, as Toshiba and Rohm want to include analog chips such as converters and drivers, while Mitsubishi Electric prefers a tighter focus on power chips. Uruma also noted that Japan's government subsidy rules require at least 200 billion yen, or about $1.2 billion, in investments involving other companies to qualify for support, a requirement he called too demanding, and warned that without similar assistance the combined venture's costs could remain higher than those of overseas competitors.

Perth installer Langler Air says households are switching to ducted reverse cycle systems this winter following the state’s electricity tariff reset on 1 July. The standard Synergy home tariff now sits at 32.37 cents per kilowatt hour, and reverse cycle heating is among the cheapest options, producing several units of heat for each unit of electricity used. Interest in ducted systems has lifted through autumn and early winter, with many replacing ageing gas heaters and portable electric units. Langler Air, a Balcatta-based supply-and-install specialist operating for more than 30 years, notes that winter remains the quietest period for installers, shortening waiting times compared with the summer rush. The company is a Mitsubishi Electric Diamond Dealer and also installs Daikin and Rinnai systems, with every job starting from an on-site consultation.

On July 8, multiple research firms maintained their top investment ratings on 13 stocks and raised their target prices. Morgan Stanley MUFG Securities raised its target price for Kumagai Gumi from 2,200 yen to 2,250 yen, for Penta-Ocean Construction from 2,400 yen to 2,500 yen, and for Infroneer Holdings from 2,850 yen to 3,150 yen, maintaining bullish ratings on all three. Goldman Sachs raised its target price for Sumitomo Electric Industries from 3,125 yen to 3,400 yen, for Hitachi from 6,100 yen to 6,300 yen, for Mitsubishi Electric from 7,000 yen to 7,400 yen, for Panasonic Holdings from 4,220 yen to 5,000 yen, and for Anritsu from 4,700 yen to 5,300 yen, maintaining buy ratings. Tokai Tokyo Intelligence Laboratory raised its target price for NHK Spring from 3,060 yen to 4,480 yen, and for MS&AD Insurance Group Holdings from 6,000 yen to 6,100 yen, maintaining bullish ratings. Nomura Securities raised its target price for As One from 3,400 yen to 3,500 yen, and for Pilot Corporation from 1,867 yen to 1,950 yen, maintaining buy ratings. Nikko Securities raised its target price for Chubu Electric Power from 3,000 yen to 3,500 yen, maintaining a bullish rating.

Mitsubishi Electric Corporation has acquired all shares of Infostellar Inc., making the cloud-based ground station services provider a wholly owned subsidiary as of July 1. The acquisition aims to expand ground station services for satellite operators amid rapidly growing global demand driven by small satellite constellations. Mitsubishi Electric brings extensive expertise in satellite and ground facility development, including advanced antenna and satellite control technologies, while Infostellar offers its proprietary StellarStation platform that virtually networks ground stations worldwide via the cloud. The collaboration will combine Mitsubishi Electric's system integration capabilities with Infostellar's agile development to accelerate global expansion of ground station networks and establish reliable space communications infrastructure.

Mitsubishi Electric has been awarded a subsidy to develop a full digital payload under the second phase of the Space Strategy Fund managed by the Japan Aerospace Exploration Agency. The project, titled Development of Internationally Competitive Full Digital Payload, is part of the Development and Demonstration of Technologies for Internationally Competitive Communications Payloads program. Mitsubishi Electric was previously selected as the representative organization for this initiative. The company aims to create a full digital payload that offers communication flexibility and high security, enhancing the international competitiveness of communication satellites.

Mitsubishi Electric Corporation, Kyoto University's Institute of Advanced Energy, and the National Institute for Fusion Science have developed an advanced microwave plasma measurement system for fusion energy. The system can simultaneously measure plasma conditions at multiple points over extended periods and was successfully demonstrated using the Heliotron J fusion experimental device at Kyoto University. The collaborators aim to promote plasma diagnostics technologies necessary for practical fusion energy implementation, which the Japanese government supports with a target of power generation demonstrations by the 2030s.

MDA Space has been selected by Mitsubishi Electric to design and manufacture the digital payload, antennas, and various subsystems for Japan's next-generation defence communications satellite program. The satellite will replace DSN-2, also known as Kirameki-2, in geostationary orbit. MDA Space's UK facility will provide the core technology for an advanced, anti-jamming, resilient multi-beam payload with digital beamforming that can be dynamically reconfigured in orbit, while its Montréal facility will manufacture and test advanced antenna solutions, including the analog repeater, before shipping to Japan for assembly, integration, and testing by Mitsubishi Electric. The satellite will also use MDA Space's legacy products for the deployable mechanism of thrusters and reflectors. The contract will be added to MDA Space's backlog in the second quarter of fiscal 2026.

The global switchgear market is projected to reach USD 196.71 billion by 2035, expanding at a compound annual growth rate of 6.00 percent from a 2025 valuation of USD 109.84 billion, according to SNS Insider. Medium voltage switchgear held a 46 percent revenue share in 2025, while gas insulated switchgear accounted for 51 percent of the market. North America led with a 34.2 percent share, and the Asia Pacific region is expected to be the fastest growing at a 7.2 percent CAGR through 2035. Key players include Schneider Electric, Eaton Corporation, Siemens AG, and Mitsubishi Electric.

Mitsubishi Electric Corporation has revised its Environmental Sustainability Vision 2050 and introduced a new Environmental Plan 2030, effective from April 2026 to March 2031, in response to worsening global environmental challenges. The revised vision addresses increasingly complex issues such as rising energy demand from AI-driven data traffic, the growing importance of resource circulation due to geopolitical risks, and the loss of natural capital. The new medium-term plan sets targets to support the eventual realization of the 2050 vision, with the group committing to steadily implement environmental initiatives across its operations.