Categories: Wire Stories

Update on Disclosed Matter: Mitsubishi Electric Announces Name of New Subsidiary Succeeding to Automotive-equipment Business as Part of Restructuring

Additional details about company split announced

TOKYO–(BUSINESS WIRE)–Mitsubishi Electric Corporation (TOKYO: 6503) announced today it has decided the name of its new subsidiary, Mitsubishi Electric Mobility Corporation, that has been formed as part of the planned spinoff of Mitsubishi Electric’s automotive-equipment business. The name had been undetermined at the time of the announcement “(Update on Disclosed Matter) Mitsubishi Electric to Transfer Automotive-equipment Business to New Subsidiary as Part of Restructuring” issued on October 31.


Item number below is consistent with the previous announcement on October 31, 2023, and newly announced information is underlined.

5. Status of Succeeding Company After Company Split

(1) Name

Mitsubishi Electric Mobility Corporation

(2) Head Office

7-3, Marunouchi 2-Chome, Chiyoda-ku, Tokyo

(3) Representative

To be determined

(4) Summary of Business

  • Manufacturing, sales, maintenance and repair of various electrical equipment, automotive-equipment, ship machinery and equipment, transport machinery and equipment, industrial machinery and equipment, and system related to machine tool and equipment
  • Manufacturing, sales, maintenance, and repair of equipment, systems, and services related to information processing, information communication, and information provision
  • Manufacturing, maintenance, repair and sales of other machinery and equipment and electrical and electronic components
  • Production, sales and engineering of software related to items mentioned above

(5) Paid-in Capital

10 billion yen

(6) Book Closing Date

March 31

For the full text, please visit: www.MitsubishiElectric.com/news/

Contacts

Media Inquiries
Takeyoshi Komatsu

Public Relations Division

Mitsubishi Electric Corporation

Tel: +81-3-3218-2346

prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/

Alex

Alex is a writer and digital content enthusiast who enjoys covering technology, current trends, useful tips, and topics that matter to everyday readers. With a focus on clear, informative, and easy-to-understand content, Alex aims to provide readers with practical insights and interesting perspectives across a wide range of subjects.

Published by
Alex
3 years ago

Recent Posts

Bhavish Aggarwal and Ola Electric’s Rights Issue: What Investors Need to Know

Key takeaways:Ola Electric has launched a Rs 1,000 crore rights issue, with the last day to buy…

26 minutes ago

Emirates Monitor Rising Missile Threats After Deadly Saudi Airport Attack

Key takeaways:A Houthi missile strike on a Saudi airport killed 12 people, the worst attack…

57 minutes ago

Fitbit Edge Tracker: What Google’s $180 Smartest Fitness Tracker Offers

Key takeaways:The Fitbit Edge launches at $180 and is marketed as Google’s smartest fitness tracker…

1 hour ago

Al Nassr vs Neftchi Fergana Live Stream Details, Kickoff Time & Ronaldo’s Possible Appearance

Key takeaways:Al Nassr vs Neftchi Fergana is part of the AFC Champions League Elite and…

4 hours ago

Newport Beach Flooding: What Happened, Why, and What to Expect

Key takeaways:Newport Beach flooding is caused by unusually high ocean water levels from Tropical Storm…

4 hours ago

Al‑Quwa Al‑Jawiya vs Al Ain: What to Expect from the Upcoming Basra Clash

Key takeaways:Al‑Quwa Al‑Jawiya will host Al Ain in Basra, as confirmed by IraqiNews.Al Ain is aiming for…

5 hours ago

Search