*At an exchange rate of 106 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2004.
Mitsubishi Electric Corporation
With over 80 years of experience in providing reliable, high-quality products to both corporate clients and general consumers all over the world, Mitsubishi Electric Corporation (TSE: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. The company recorded consolidated group sales of 3,309 billion yen (US$31.2 billion*) in the year ended March 31, 2004.
*At an exchange rate of 106 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2004.
*At an exchange rate of 106 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2004.
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News
2nd Annual Smart Grid China Summit 2011 will be held on June 9-10 in Beijing, China. It will leverage on advanced technologies and equipments in tapping the burgeoning smart grid market. The 1st annual event in 2010 was a great success and attracted more than 150 delegates from the smart grid industry, 10% of which are from grid operators and power distributors, 27% from primary and secondary equipment suppliers, 24% from IT technology & service providers, 18% from R&D institutes and 14% from consultants and investors.
Asian shares are expected to remain rising after a rebound in most markets yesterday. On Tuesday China's Shanghai Composite rose 0.5%, Taiwan's Taiex surged 2% and South Korea's Kospi added 1.1%. Hong Kong's Hang Seng Index gained 1.2% spurred by Swiss banking major UBS's return to profit.
Renesas Technology Corp. and NEC Electronics Corp. (TYO:6723) could receive a total of 200 billion yen in financial assistance from their parent companies to proceed the proposed merger, said Japanese media.
Most Asian markets opened firmer Thursday following Wall Street's rebound overnight lifted by better-than-expected economic figures.
Today the Asian markets include Japan, Hong Kong and South Korea opened higher following the upbeat sentiment in the US market. Nikkei was up by over 2% in early trade. China's Shanghai Composite opened lower but soon returned to the positive territory in early trade.
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Company Data
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Headquarters
- 2-2-3, Marunouchi, Chiyoda-ku, Tokyo 100-8310 JAPAN Telephone
- +81-3-3218-2111 PresidentTamotsu Nomakuchi Principal Sector
- Displays & Imaging Principal Industry
- Electronics & Equipment Established
- 1921 Listed
- 1949 Sales
- JPY 3,309.6 Bn (March 2004)
- 98,988 Homepage
- global.mitsubishielectric.com/
