Mitsubishi Electric stock costs EUR 29.73 as quantum R&D begins

Published on 10/07/2026 at 09:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mitsubishi Electric stock costs EUR 29.73 on October 7, 2026 after EUR 29.98, minus 0.83 percent. Q1 revenue rose 14.00 percent.

Mitsubishi Electric, JP3902400005, Illustration mit AI erstellt.

Mitsubishi Electric stock costs EUR 29.73 at Lang & Schwarz on October 7, 2026 at 9:12 a.m. CEST, down 0.83 percent from the prior close of EUR 29.98. The company is also advancing two government-backed quantum computing projects, giving investors a concrete long-term technology signal.

Quantum projects add strategic reach

As Business Wire reported on September 17, 2026, Mitsubishi Electric's two research and development projects were selected by Japan's New Energy and Industrial Technology Development Organization, or NEDO.

The work covers multi-qubit control laser systems and ultra-compact, multi-channel, low-noise amplifier modules for large-scale superconducting quantum computers. Business Wire said the initiative addresses the challenge of scaling quantum computers toward 1 million qubits, but the projects remain research investments rather than near-term revenue drivers.

First-quarter growth supports the case

The operating picture was stronger in the first quarter of fiscal 2027. According to MoneyBox, revenue reached USD 9.54 billion in the first quarter, up 14.00 percent year over year, while operating income rose to USD 1.00 billion, up 26.60 percent.

The comparison matters because the growth was not limited to sales. Mitsubishi Electric's first-quarter operating income increased faster than revenue, indicating stronger operating leverage during the April to June 2026 reporting period.

Targets and the next report date

Investing.com reported on September 11, 2026, that Citi cut its Mitsubishi Electric price target from JPY 7,600 to JPY 7,200 while maintaining a buy rating. Citi also projected fiscal 2027 operating profit of JPY 705.0 billion, compared with consensus of JPY 654.6 billion.

The company's investor-relations calendar lists October 30, 2026, for consolidated financial results for the second quarter of fiscal 2027. That date makes factory automation, infrastructure and the pace of guidance revisions the next measurable tests for the growth narrative.

Stock trades below prior close

The Lang & Schwarz quote stood at EUR 29.73 on October 7, 2026 at 9:12 a.m. CEST, minus 0.83 percent versus the prior close of EUR 29.98. Mitsubishi Electric's market capitalization was JPY 10.8 trillion on October 7, 2026, while its primary Tokyo Stock Exchange quote was JPY 5,285 at 3:30 p.m. JST.

The further course of trading is shown by the continuously updated real-time quote of Mitsubishi Electric stock.