Mitsubishi Electric Past Earnings Performance
Past criteria checks 5/6
Mitsubishi Electric has been growing earnings at an average annual rate of 15.1%, while the Electrical industry saw earnings growing at 12.9% annually. Revenues have been growing at an average rate of 6.3% per year. Mitsubishi Electric's return on equity is 9.4%, and it has net margins of 6.9%.
Key information
15.14%
Earnings growth rate
15.95%
EPS growth rate
| Electrical Industry Growth | 6.57% |
| Revenue growth rate | 6.34% |
| Return on equity | 9.37% |
| Net Margin | 6.92% |
| Next Earnings Update | 31 Jul 2026 |
Recent past performance updates
Recent updates
Narrative Update • May 05
6503: Chip Alliances And Culture Reform Will Support Steady Fair Value Profile
Analysts have raised their price target on Mitsubishi Electric to ¥5,943 from about ¥5,488, citing updated assumptions for revenue growth, profit margin, and future P/E that indicate a slightly higher fair value profile for the stock. What's in the News Hon Hai Precision Industry (Foxconn) and Mitsubishi Electric signed an MOU to explore joint operation of the automotive equipment business, which includes a potential transfer of 50% of shares in Mitsubishi Electric Mobility to Foxconn, subject to final terms and regulatory approvals (Key Developments).Narrative Update • Apr 20
6503: Chip Alliances And Culture Reform Will Support Fairly Valued Shares
Analysts have raised their price target for Mitsubishi Electric from about ¥5,112 to roughly ¥5,488, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E, which together indicate a higher assessed fair value. What's in the News Mitsubishi Electric, Toshiba and Rohm plan to start talks to merge their power semiconductor device businesses, in a move that aligns with Japan's focus on increasing its presence in the chip industry, including areas such as electric infrastructure and data center servers for AI (M&A Rumors and Discussions).
Narrative Update • Apr 05
6503: Power Semis And Grid Edge Alliances Will Drive Future Profitability
Analysts have kept their price target for Mitsubishi Electric steady at ¥7,000, citing updated assumptions for a lower discount rate and more modest revenue growth and profit margins, which are partly offset by a higher future P/E multiple. What's in the News Mitsubishi Electric, Toshiba and Rohm are reported to be entering negotiations to merge their power semiconductor device businesses, in a move linked to government efforts to support domestic chip players as electric vehicle demand and competition from Chinese firms influence the sector (M&A rumors and discussions).Narrative Update • Mar 21
6503: Future Profitability Gains From Grid Edge And AI Partnerships Will Matter
Analysts have raised their fair value estimate for Mitsubishi Electric from ¥4,300 to ¥7,000, citing updated assumptions for revenue growth, profit margins, and future price-to-earnings expectations as key factors behind the higher target. What's in the News Mitsubishi Electric invested in Elephantech and entered a partnership to promote inkjet printed circuit boards with lower environmental impact.Narrative Update • Mar 06
6503: Culture Reform And Tech Partnerships Will Support Fairly Valued Shares
Analysts have raised their price target for Mitsubishi Electric from about ¥4,220 to roughly ¥5,110, reflecting updated assumptions for revenue growth, profit margins, the discount rate, and future P/E multiples. What's in the News Mitsubishi Electric plans organizational changes effective April 1, 2026, including renaming the Corporate Human Resources Group to the Corporate Human Resources & Culture Transformation Group and consolidating culture reform functions into this unit, following a Board of Directors resolution on the same day (Key Developments).
Narrative Update • Feb 19
6503: Rich Valuation Will Persist Despite Earnings Upgrade And Leadership Reshuffle
Analysts kept their price target for Mitsubishi Electric steady at ¥2,400. They pointed to slightly adjusted assumptions for discount rate, revenue growth, profit margin, and future P/E as the reasons for maintaining this level.Analysis Article • Feb 05
Mitsubishi Electric Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Mitsubishi Electric Corporation ( TSE:6503 ) just released its third-quarter report and things are looking bullish. The...Narrative Update • Feb 05
6503: Higher Profit Assumptions And Lower P/E Will Still Restrain Upside
Analysts have lifted their price target for Mitsubishi Electric from ¥2,137 to ¥2,400, citing updated assumptions around slightly higher revenue, profit margins and a modestly lower future P/E and discount rate in their models. What's in the News Mitsubishi Electric and Landis+Gyr signed an MOU to collaborate on grid edge intelligence solutions, aiming to support utilities in managing complex grid operations, distributed energy resources and customer engagement, with an initial focus on North America (Strategic Alliances).Narrative Update • Jan 21
6503: Higher Discount Rate And Lower P/E Will Limit Future Upside
Analysts have cut their price target on Mitsubishi Electric to ¥2,137 from ¥2,243. This aligns with updated assumptions around revenue growth, profit margins, the discount rate and a lower future P/E multiple.Narrative Update • Jan 07
6503: Rich Multiple Will Limit Benefits From New Technology Initiatives
Analysts have nudged their price target for Mitsubishi Electric slightly higher to ¥4,219.60 from ¥4,209.60, citing small tweaks to the discount rate, long term revenue growth, profit margin assumptions, and future P/E expectations. What's in the News Mitsubishi Power and Mitsubishi Electric completed functional testing of a next generation gas turbine control system designed to optimize large scale thermal power generation and support renewable energy fluctuations, with market launch for new projects targeted in fiscal 2026 (Key Developments).Narrative Update • Dec 16
6503: Rich Multiple And Modest Margin Outlook Will Restrain Future Upside
Narrative Update Analysts have modestly raised their fair value estimate for Mitsubishi Electric from ¥4,089.6 to ¥4,209.6, citing slightly stronger expected revenue growth, improved profit margins, and a higher future P/E multiple. What's in the News Raised full year 2026 revenue guidance to JPY 5,670.0 billion on weaker yen and stronger Infrastructure segment sales, while keeping operating profit forecast unchanged at JPY 430.0 billion (Corporate guidance).Narrative Update • Dec 02
6503: Buyback Completion and Earnings Guidance Will Sustain Balanced Prospects Ahead
Analysts have raised their price target for Mitsubishi Electric from ¥3,933 to ¥4,090, citing modest improvements in revenue growth forecasts, profit margins, and a slightly lower discount rate that supports a higher valuation. What's in the News Mitsubishi Electric completed repurchase of nearly 30 million shares for approximately ¥100 billion as part of its April 2025 buyback program (Key Developments).Analysis Article • Nov 28
Mitsubishi Electric (TSE:6503) Has A Rock Solid Balance Sheet
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Narrative Update • Nov 18
6503: Future Guidance and Share Buyback Will Balance Risks and Opportunities
Narrative Update on Mitsubishi Electric: Analyst Price Target Revision Analysts have raised their fair value estimate for Mitsubishi Electric from ¥3,668 to ¥3,933. This revision is attributed to slightly improved revenue growth and profit margins, while changes in discount rates and future price-to-earnings expectations have remained minor.Analysis Article • Nov 04
Mitsubishi Electric Corporation Just Beat EPS By 27%: Here's What Analysts Think Will Happen Next
Mitsubishi Electric Corporation ( TSE:6503 ) investors will be delighted, with the company turning in some strong...Narrative Update • Oct 24
Automation Advancements and Clean Energy Solutions Will Drive Global Workplace Transformation
Analysts have slightly revised their price target for Mitsubishi Electric, keeping it at ¥3,668.38. This decision is based on modest improvements in projected revenue growth and profit margins, along with a marginally higher discount rate.Narrative Update • Oct 10
Industrial Automation And Decarbonization Will Shape Future Infrastructure
Analysts have raised their fair value estimate for Mitsubishi Electric from ¥3,568 to ¥3,668. This change reflects updated model inputs and modest improvements to profit margin expectations.Narrative Update • Sep 26
Industrial Automation And Decarbonization Will Shape Future Infrastructure
Mitsubishi Electric's fair value estimate has increased modestly as a result of a slightly higher forward P/E multiple, while revenue growth expectations remain unchanged, leading to a new consensus analyst price target of ¥3568. What's in the News Launched joint AI research project (FRAIME) with Inria to advance trustworthy AI systems using formal methods, aiming to improve reliability for high-safety applications.Narrative Update • Sep 11
Industrial Automation And Decarbonization Will Shape Future Infrastructure
The slight upward revision in the consensus price target for Mitsubishi Electric reflects a modest improvement in revenue growth forecasts, with fair value rising marginally from ¥3,393 to ¥3,443. What's in the News Showcasing advanced digital technologies and AI-driven solutions for improved working environments at CEATEC 2025, leveraging its Serendie platform.Analysis Article • Aug 31
Mitsubishi Electric Corporation (TSE:6503) Investors Are Less Pessimistic Than Expected
With a price-to-earnings (or "P/E") ratio of 20x Mitsubishi Electric Corporation ( TSE:6503 ) may be sending bearish...Narrative Update • Aug 27
Industrial Automation And Decarbonization Will Shape Future Infrastructure
A modest increase in Mitsubishi Electric’s Future P/E ratio suggests heightened expectations for forward earnings, which, alongside a stable discount rate, underpins the slight upward revision of the consensus analyst price target to ¥3382. What's in the News Signed collaboration with ITRI and TTL Jhunan Brewery to demonstrate CO2 capture and utilization in beer production, advancing carbon recycling technology.Analysis Article • Aug 17
Mitsubishi Electric (TSE:6503) Is Doing The Right Things To Multiply Its Share Price
TSE:6503 1 Year Share Price vs Fair Value Explore Mitsubishi Electric's Fair Values from the Community and select yours...Analysis Article • Aug 04
Mitsubishi Electric Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Mitsubishi Electric Corporation ( TSE:6503 ) just released its quarterly report and things are looking bullish. It was...Analysis Article • Jul 20
Should You Be Adding Mitsubishi Electric (TSE:6503) To Your Watchlist Today?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Mitsubishi Electric makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 5,894,747 | 407,758 | 1,388,289 | 0 |
| 31 Dec 25 | 5,677,370 | 374,255 | 1,351,610 | 0 |
| 30 Sep 25 | 5,610,618 | 394,841 | 1,342,937 | 0 |
| 30 Jun 25 | 5,548,123 | 365,872 | 1,321,228 | 0 |
| 31 Mar 25 | 5,521,711 | 324,084 | 1,315,797 | 0 |
| 31 Dec 24 | 5,475,859 | 346,946 | 1,296,553 | 0 |
| 30 Sep 24 | 5,363,040 | 283,361 | 1,272,531 | 0 |
| 30 Jun 24 | 5,324,098 | 276,253 | 1,262,768 | 0 |
| 31 Mar 24 | 5,257,914 | 284,949 | 1,237,201 | 0 |
| 31 Dec 23 | 5,220,863 | 260,662 | 1,214,469 | 0 |
| 30 Sep 23 | 5,202,598 | 259,311 | 1,197,042 | 0 |
| 30 Jun 23 | 5,156,271 | 238,250 | 1,179,122 | 0 |
| 31 Mar 23 | 5,003,694 | 213,908 | 1,147,981 | 0 |
| 31 Dec 22 | 4,860,732 | 194,360 | 1,108,120 | 0 |
| 30 Sep 22 | 4,677,948 | 173,471 | 1,075,695 | 0 |
| 30 Jun 22 | 4,478,039 | 175,139 | 1,035,196 | 0 |
| 31 Mar 22 | 4,476,758 | 203,482 | 1,013,674 | 0 |
| 31 Dec 21 | 4,432,085 | 233,816 | 1,003,943 | 0 |
| 30 Sep 21 | 4,427,786 | 249,737 | 985,956 | 0 |
| 30 Jun 21 | 4,399,724 | 237,082 | 972,193 | 0 |
| 31 Mar 21 | 4,191,433 | 193,132 | 953,602 | 0 |
| 31 Dec 20 | 4,152,991 | 169,905 | 950,048 | 0 |
| 30 Sep 20 | 4,182,005 | 178,812 | 966,738 | 0 |
| 30 Jun 20 | 4,269,896 | 196,942 | 989,424 | 0 |
| 31 Mar 20 | 4,462,509 | 221,834 | 1,017,075 | 0 |
| 31 Dec 19 | 4,505,925 | 227,539 | 1,028,081 | 0 |
| 30 Sep 19 | 4,532,343 | 215,573 | 1,035,799 | 0 |
| 30 Jun 19 | 4,519,703 | 221,847 | 1,039,984 | 0 |
| 31 Mar 19 | 4,519,921 | 226,648 | 1,043,294 | 0 |
| 31 Dec 18 | 4,609,276 | 237,581 | 1,003,168 | 51,667 |
| 30 Sep 18 | 4,553,927 | 243,084 | 869,904 | 192,966 |
| 30 Jun 18 | 4,476,581 | 251,714 | 1,107,160 | -45,297 |
| 31 Mar 18 | 4,460,163 | 271,880 | 868,812 | 192,966 |
| 31 Dec 17 | 4,406,565 | 268,272 | 867,722 | 190,893 |
| 30 Sep 17 | 4,342,654 | 253,275 | 851,681 | 188,705 |
| 30 Jun 17 | 4,317,188 | 235,323 | 840,755 | 187,329 |
| 31 Mar 17 | 4,253,270 | 210,493 | 829,425 | 184,964 |
| 31 Dec 16 | 4,249,858 | 211,031 | 823,210 | 185,532 |
| 30 Sep 16 | 4,303,422 | 223,911 | 825,343 | 185,154 |
| 30 Jun 16 | 4,332,990 | 225,091 | 832,212 | 186,644 |
| 31 Mar 16 | 4,416,627 | 228,494 | 826,232 | 187,032 |
| 31 Dec 15 | 4,431,388 | 241,892 | 829,027 | 185,104 |
| 30 Sep 15 | 4,413,488 | 229,765 | 824,564 | 182,873 |
| 30 Jun 15 | 4,400,833 | 237,990 | 810,377 | 181,974 |
Quality Earnings: 6503 has high quality earnings.
Growing Profit Margin: 6503's current net profit margins (6.9%) are higher than last year (5.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 6503's earnings have grown by 15.1% per year over the past 5 years.
Accelerating Growth: 6503's earnings growth over the past year (25.8%) exceeds its 5-year average (15.1% per year).
Earnings vs Industry: 6503 earnings growth over the past year (25.8%) exceeded the Electrical industry 17.6%.
Return on Equity
High ROE: 6503's Return on Equity (9.4%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/28 05:52 |
| End of Day Share Price | 2026/06/26 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Mitsubishi Electric Corporation is covered by 28 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mikio Hirakawa | BofA Global Research |
| Masahiro Shibano | Citigroup Inc |
| Morten Paulsen | CLSA |