M 
Mitsubishi Electric 6503.T · JPY
Industrials · Electrical Equipment · Tokyo Stock Exchange · 🇯🇵 Japan
4,497
-5.35%
Close of 6 Nov 2026, in JPY
At a glance
Figures in JPY, from our data supplier.
Revenue
¥5.89trn
FY2017FY2026
Net income
¥407.70bn
FY2017FY2026
Free cash flow
¥379.83bn
FY2017FY2026
Shareholders' equity
¥4.48trn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥5.89trn | ¥5.52trn | ¥5.26trn | ¥5.00trn | ¥4.48trn | ¥4.19trn | ¥4.46trn | ¥4.52trn | ¥4.46trn | ¥4.25trn |
| Gross profit | ¥1.89trn | ¥1.69trn | ¥1.55trn | ¥1.41trn | ¥1.26trn | ¥1.17trn | ¥1.26trn | ¥1.33trn | ¥1.43trn | ¥1.30trn |
| Research and development | — | ¥228.85bn | ¥221.87bn | ¥212.30bn | ¥195.10bn | ¥190.50bn | ¥206.80bn | ¥212.70bn | ¥210.31bn | ¥201.33bn |
| Operating income | ¥501.21bn | ¥391.85bn | ¥328.52bn | ¥258.93bn | ¥250.87bn | ¥220.77bn | ¥245.26bn | ¥289.76bn | ¥350.14bn | ¥271.79bn |
| Net income | ¥407.70bn | ¥324.08bn | ¥284.95bn | ¥213.91bn | ¥203.48bn | ¥193.13bn | ¥221.83bn | ¥226.65bn | ¥271.88bn | ¥210.49bn |
| Diluted earnings per share | 199.21 | 158.12 | 137.08 | 102.11 | 96.37 | 90.66 | 103.41 | 105.66 | 126.75 | 98.10 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥7.36trn | ¥6.38trn | ¥6.17trn | ¥5.58trn | ¥5.11trn | ¥4.80trn | ¥4.41trn | ¥4.36trn | ¥4.26trn | ¥4.18trn |
| Cash and short-term investments | ¥731.61bn | ¥757.33bn | ¥765.38bn | ¥645.87bn | ¥727.18bn | ¥767.41bn | ¥537.56bn | ¥514.22bn | ¥599.20bn | ¥662.47bn |
| Total liabilities | ¥2.73trn | ¥2.30trn | ¥2.30trn | ¥2.22trn | ¥2.01trn | ¥1.93trn | ¥1.87trn | ¥1.85trn | ¥1.90trn | ¥2.04trn |
| Debt | ¥152.45bn | ¥360.66bn | ¥394.64bn | ¥400.76bn | ¥329.46bn | ¥365.43bn | ¥377.00bn | ¥298.44bn | ¥311.95bn | ¥352.12bn |
| Shareholders' equity | ¥4.48trn | ¥3.95trn | ¥3.74trn | ¥3.24trn | ¥2.98trn | ¥2.75trn | ¥2.43trn | ¥2.40trn | ¥2.26trn | ¥2.04trn |
| Shares outstanding | 2,047m | 2,050m | 2,079m | 2,095m | 2,111m | 2,130m | 2,145m | 2,145m | 2,145m | 2,146m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥575.99bn | ¥455.90bn | ¥415.48bn | ¥166.71bn | ¥282.37bn | ¥542.12bn | ¥395.83bn | ¥239.82bn | ¥265.77bn | ¥365.95bn |
| Capital spending | −¥196.16bn | −¥193.99bn | −¥175.76bn | −¥175.56bn | −¥156.06bn | −¥188.36bn | −¥217.20bn | −¥218.03bn | −¥186.79bn | −¥167.16bn |
| Free cash flow | ¥379.83bn | ¥261.92bn | ¥239.72bn | −¥8.85bn | ¥126.31bn | ¥353.76bn | ¥178.64bn | ¥21.79bn | ¥78.98bn | ¥198.78bn |
| Dividends paid | −¥113.62bn | −¥104.32bn | −¥96.95bn | −¥84.52bn | −¥85.72bn | −¥77.28bn | −¥85.87bn | −¥85.87bn | −¥68.70bn | −¥57.96bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥1.50trn | ¥1.74trn | ¥1.42trn | ¥1.42trn | ¥1.31trn | ¥1.52trn | ¥1.36trn | ¥1.36trn |
| Gross profit | ¥556.13bn | ¥559.41bn | ¥521.59bn | ¥451.65bn | ¥415.35bn | ¥462.90bn | ¥418.55bn | ¥437.87bn |
| Operating income | ¥144.32bn | ¥158.38bn | ¥138.28bn | ¥110.70bn | ¥111.97bn | ¥113.97bn | ¥102.41bn | ¥118.64bn |
| Net income | ¥109.82bn | ¥109.49bn | ¥108.87bn | ¥98.47bn | ¥90.93bn | ¥75.99bn | ¥129.40bn | ¥69.50bn |
| Diluted earnings per share | 53.66 | 53.50 | 53.12 | 48.04 | 44.36 | 37.07 | 62.25 | 33.44 |
| Cash from operations | ¥388.67bn | ¥233.09bn | −¥1.82bn | ¥151.19bn | ¥193.54bn | ¥147.77bn | ¥36.71bn | ¥87.55bn |
| Capital spending | −¥83.45bn | −¥70.11bn | −¥38.91bn | −¥41.78bn | −¥45.36bn | −¥47.83bn | −¥48.27bn | −¥49.36bn |
| Free cash flow | ¥305.22bn | ¥162.98bn | −¥40.73bn | ¥109.40bn | ¥148.18bn | ¥99.94bn | −¥11.56bn | ¥38.19bn |
| Total assets | ¥7.25trn | ¥7.36trn | ¥6.66trn | ¥6.44trn | ¥6.30trn | ¥6.38trn | ¥6.23trn | ¥6.09trn |
| Cash and short-term investments | ¥929.15bn | ¥731.61bn | ¥719.24bn | ¥862.84bn | ¥821.78bn | ¥757.33bn | ¥733.98bn | ¥754.50bn |
| Debt | ¥124.28bn | ¥152.45bn | ¥138.19bn | ¥104.86bn | ¥122.39bn | ¥120.89bn | ¥169.13bn | ¥150.30bn |
| Shareholders' equity | ¥4.57trn | ¥4.48trn | ¥4.16trn | ¥4.05trn | ¥3.95trn | ¥3.95trn | ¥3.91trn | ¥3.75trn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.6% | 7.1% | 2.9% |
| Operating income | 24.6% | 17.8% | 4.7% |
| Net income | 24.0% | 16.1% | 6.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.4% | 30.1% | 29.6% | 29.8% |
| Operating margin | 7.8% | 6.8% | 6.4% | 6.5% |
| Net margin | 6.4% | 5.7% | 5.4% | 5.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 23.5 | 29.0 | 19.6 | 19.6 | 13.6 | 16.1 | 15.1 | 14.2 | 9.6 | 19.1 |
| Price to sales | 1.6 | 1.7 | 1.1 | 0.8 | 0.6 | 0.7 | 0.8 | 0.7 | 0.6 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 29 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 30.00 | 85.00 | 50.00 | 46.00 | 40.00 | 40.00 | 36.00 | 40.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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