Mitsubishi Electric stock: Foxconn buys 50 percent of its mobility unit

Published on 10/20/2026 at 16:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Foxconn agreed to pay JPY 115.00 billion on October 16, 2026. Mitsubishi Electric stock costs EUR 27.63 on October 20, 2026 in trading.

Alliance and market figures

Foxconn agreed to acquire 50 percent of Mitsubishi Electric Mobility for JPY 115.00 billion on October 16, 2026.
The automotive unit generated JPY 876.00 billion in revenue and JPY 54.00 billion in operating profit in the fiscal year ended March 31, 2026.
Mitsubishi Electric stock costs EUR 27.63 at Lang & Schwarz on October 20, 2026 at 4:32 p.m. CEST.
The next results announcement is scheduled for October 30, 2026.

Mitsubishi Electric, JP3902400005, Illustration mit AI erstellt.

Mitsubishi Electric will transfer 50 percent of Mitsubishi Electric Mobility to Foxconn's investment arm for JPY 115.00 billion under an agreement dated October 16, 2026. The arrangement creates a joint operating structure for automotive equipment and electric-vehicle platforms, according to Hon Hai Technology Group. Mitsubishi Electric stock was at EUR 27.63 at Lang & Schwarz on October 20, 2026 at 4:32 p.m. CEST.

Automotive unit gets a new structure

The agreement values Mitsubishi Electric Mobility at JPY 320.00 billion on an enterprise-value basis and JPY 230.00 billion on an equity-value basis. Completion is expected on October 1, 2027, subject to regulatory approvals and other contractual conditions, the same company release said.

The transaction changes how the automotive business will be operated rather than adding a new consolidated subsidiary. Mitsubishi Electric will combine its electric powertrain, software and vehicle-control capabilities with Foxconn's manufacturing scale and market deployment reach.

Revenue and profit provide scale

The automotive unit generated JPY 876.00 billion in revenue and JPY 54.00 billion in operating profit in the fiscal year ended March 31, 2026, The Edge Singapore reported on October 19, 2026. Those figures put the business at roughly 9.15 percent operating profit relative to revenue, calculated from the reported amounts.

Mitsubishi Electric's investor calendar lists October 30, 2026 for the announcement of consolidated second-quarter fiscal 2027 results, according to Mitsubishi Electric. The date gives investors the next scheduled point for updated earnings and guidance.

Peer valuation adds perspective

On the Tokyo Stock Exchange, Mitsubishi Electric last stood at JPY 4,852 on October 20, 2026 at 3:30 p.m. JST, with a price-to-earnings ratio of 23.38 and market capitalization of JPY 9.9 trillion. Hitachi last stood at JPY 5,810, with a price-to-earnings ratio of 32.85 and market capitalization of JPY 26.0 trillion. Omron last stood at JPY 5,715, with a price-to-earnings ratio of 34.79 and market capitalization of JPY 1.1 trillion.

Price and trading context

The current euro quotation places Mitsubishi Electric below its 52-week high of JPY 6,686 when measured against the Tokyo listing, while the 52-week low is JPY 3,872. The euro quotation and the Japanese listing are separate venue values and are not combined into one percentage calculation.

Mitsubishi Electric stock was trading at EUR 27.63 at Lang & Schwarz on October 20, 2026 at 4:32 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Mitsubishi Electric stock.