Mitsubishi Electric Corporation (三菱電機株式会社, Mitsubishi Denki kabushiki gaisha, also abbreviated as MELCO), established on 15 January 1921, is a Japanese multinational electronics and electrical equipment manufacturing company headquartered in Tokyo, Japan. It is one of the core companies of Mitsubishi. The products from MELCO include elevators and escalators, high-end home appliances, factory automation systems, train systems, semiconductors, digital signage, and satellites.
|Mitsubishi Denki kabushiki gaisha|
|Mitsubishi Electric Co., Ltd.|
|Traded as||TYO: 6503|
|Founded||January 15, 1921|
|Headquarters||Tokyo Building, 2-7-3, Marunouchi, Chiyoda, Tokyo, Japan|
|Setsuhiro Shimomura (Chairman),|
(President & CEO)
|Products||Energy and electric systems, electronic devices, industrial automation systems, home appliances, information and communication systems and space systems|
|Revenue||¥4,394.4 billion (2017)|
|¥235.0 billion (2014)|
|¥153.5 billion (2014)|
|Total assets||¥3,612.9 billion (2014)|
|Total equity||¥1,600 billion (2014)|
Number of employees
MELCO was established as a spin-off from the Mitsubishi Group's other core company Mitsubishi Heavy Industries, then Mitsubishi Shipbuilding, as the latter divested a marine electric motor factory in Kobe, Nagasaki. It has since diversified to become the major electronics company.
In early 2020, MELCO was identified as a victim of the year-long cyberattacks perpetrated by the Chinese hackers.
- Air Conditioning Systems
- Room air conditioners
- Package air conditioners
- Variable refrigerant flow (VRF) systems (EcoCute)
- Air curtains
- Home Products
- Refrigerators & freezers
- Air purifiers, dehumidifiers
- Vacuum cleaners, electric fans
- Building Systems
- Elevators, Escalators
- Moving walks
- High-speed hand dryers (marketed as Mitsubishi Jet Towel)
- Information & Communication Systems
- Data transmission system solutions
- Saffron Type System, an anti-aliased text-rendering engine, developed by Mitsubishi Electric Research Laboratories (MERL)
- Optical access systems
- Satellite communications
- Factory Automation Systems
- Programmable controllers
- AC servo systems, inverters
- Industrial & collaborative robots, processing machines
- Energy Systems
- Semiconductors & Devices
- Power modules, high-power devices
- Driver ICs
- Sensors (Contact image sensors, etc)
- High-frequency devices
- optical devices
- TFT-LCD modules
- Transportation Systems
- Rolling stock systems
- Power supply and electrification systems
- Transportation planning and control systems
- Communication systems
- Automotive Equipment
- Charging & starting products
- Electrification products (Electric power steering system products, safety and driving assistance system products, etc.)
- Car multimedia products
- Visual Information Systems
- Space Systems
- Satellite programs, platforms, and components
- Optical and radio telescopes
- High-precision GPS mobile measurement system (Mobile Mapping System)
- Public Systems
- Mobile phones, from 1999 to 2008. Created for NTT DoCoMo. MELCO quit the mobile phone business in Apr 2008 after decrease in shipments. They estimated a temporary loss of 17 billion Yen in income before income taxes.
- Video Cassette Recorders known as the Mitsubishi Black Diamond VCR.
- Large-screen HDTVs. Competitors in the U.S market were Sony, Pioneer, Panasonic, JVC, Samsung (Akai), Daewoo, LG (Zenith), and Apex Digital.
- Direct-view CRT televisions, including the Diamondtron, until 2001. The last notable size in this field was a 40" (diagonal) tube size.
- LCD TVs, until 2008.
- DLP High Definition TVs, until December, 2012. MELCO then focused on professional and home theater DLP projection applications, and is no longer manufacturing televisions for the consumer market.
- Computer memory. Business unit spun off to be part of Elpida Memory.
- System LSIs. Business unit spun off to be part of Renesas Technology.
- Popular musics. MELCO previously marketed popular music via record company Nippon Crown, which had been spun off from then-Nissan Group-owned Nippon Columbia on September 15, 1963. it was sold to Daiichi Kosho Company in July, 2001.
- Particle Beam Treatment System, until 2017. Business sold to Hitachi.
As of 2013,[update] MELCO's business network around the world were the following:
- Mitsubishi Electric Global
- Mitsubishi Electric - North America
- Mitsubishi Electric Asia-Pacific
- Mitsubishi Electric Europe
- With you today and tomorrow (今日もあなたと共に, 1962–1968, in Japan only)
- Advanced and ever advancing Mitsubishi Electric (未来を開発する三菱電機, 1968–1985 in Japan, 1968–2001 outside Japan)
- SOCIO-TECH: enhancing lifestyles through technology (技術がつくる高度なふれあい SOCIO-TECH, 1985–2001 in Japan. The "Blue MITSUBISHI" logo was introduced for use in Japan.)
- Changes for the Better (since 2001)
Until September 2016, the company had a corporate team which is now known as the Nagoya Diamond Dolphins
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