Expecting FA Systems and Electrical Devices to Drive Mitsubishi Electric's Medium-Term Growth

Mitsubishi Electric utilizes its technology related to the control of electricity to cover a broad spectrum of business fields, including factory automation, or FA, elevators/escalators, social infrastructure equipment, satellite and communication equipment, and air conditioners. The company has the leading domestic share and/or top 5 global share in various products, including program logic controllers, or PLCs, for factory automation, electric systems equipment for trains, elevators/escalators, turbine generators, and power semiconductors. Its key drivers—the industrial automation systems segment (which includes FA equipment as well as automobile equipment), energy and electric systems segment (includes heavy electrical equipment like elevators, train systems, and power generation equipment), and home appliances (includes home and commercial air conditioners)—together make up about three fourths of total operating income excluding eliminations as of fiscal 2021.