Mitsubishi Electric to Repurchase Up to 2.89% of Shares for ¥100 Billion.

Mitsubishi Electric Corp plans to buy back up to 2.89% of its shares worth 100 billion yen, focusing on the company's industry, mobility, and other businesses. The move aims to boost shareholder value and improve corporate governance. Mitsubishi Electric operates in six business segments, including infrastructure, industry & mobility, life, business platform, semiconductor device, and other areas. The company aims to strengthen its position in the market through this share repurchase program.

Mitsubishi Electric Corp (OTCMKTS:MIELY) has announced a significant share buyback program, aiming to repurchase up to 2.89% of its shares, valued at approximately 100 billion yen. The company plans to focus on its industry, mobility, and other business segments to boost shareholder value and enhance corporate governance.

The share repurchase program aligns with Mitsubishi Electric's broader strategy to strengthen its market position. The company operates in six business segments, including infrastructure, industry & mobility, life, business platform, semiconductor device, and other areas. By repurchasing shares, Mitsubishi Electric aims to improve its financial metrics and potentially increase share price over time.

The move comes as the company is expected to post its quarterly earnings results before the market opens on April 25th. Analysts anticipate earnings of $0.43 per share and revenue of $1,438.49 billion for the quarter [1]. The stock has shown resilience, with a 50-day simple moving average of $35.27 and a 200-day simple moving average of $34.06. The company's market capitalization stands at $38.06 billion, with a price-to-earnings ratio of 19.16 and a beta of 0.53.

In addition to the share buyback program, Mitsubishi Electric has also been focusing on strategic partnerships and joint ventures to drive growth and innovation. Recently, the company signed a basic agreement with Stanley Electric Co., Ltd. to establish a joint venture company for the electronic and control component business, targeting next-generation vehicles [2]. This partnership underscores Mitsubishi Electric's commitment to advancing its mobility solutions and contributing to a sustainable society.

References:
[1] https://www.americanbankingnews.com/2025/04/24/mitsubishi-electric-miely-projected-to-post-quarterly-earnings-on-friday.html
[2] https://www.marketscreener.com/quote/stock/STANLEY-ELECTRIC-CO-LTD-6491508/news/Stanley-Electric-Co-Ltd-and-Mitsubishi-Electric-Mobility-Corporation-Sign-an-Integration-Agreemen-49702560/