Mitsubishi Electric Corporation

MUN:MIE Stock Report

Market Cap: €31.5b

Mitsubishi Electric Management

Management criteria checks 2/4

Mitsubishi Electric's CEO is Kei Uruma, appointed in Jul 2021, has a tenure of 4.08 years. total yearly compensation is ¥246.00M, comprised of 32.5% salary and 67.5% bonuses, including company stock and options. directly owns 0.006% of the company’s shares, worth €1.89M. The average tenure of the management team and the board of directors is 2.4 years and 2.6 years respectively.

Key information

Kei Uruma

Chief executive officer

JP¥246.0m

Total compensation

CEO salary percentage32.5%
CEO tenure3yrs
CEO ownership0.006%
Management average tenure2.4yrs
Board average tenure2.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kei Uruma's remuneration changed compared to Mitsubishi Electric's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2024n/an/a

JP¥285b

Dec 31 2023n/an/a

JP¥261b

Sep 30 2023n/an/a

JP¥259b

Jun 30 2023n/an/a

JP¥238b

Mar 31 2023JP¥246mJP¥80m

JP¥214b

Dec 31 2022n/an/a

JP¥194b

Sep 30 2022n/an/a

JP¥173b

Jun 30 2022n/an/a

JP¥175b

Mar 31 2022JP¥135mJP¥53m

JP¥203b

Dec 31 2021n/an/a

JP¥234b

Sep 30 2021n/an/a

JP¥250b

Jun 30 2021n/an/a

JP¥237b

Mar 31 2021JP¥99mJP¥40m

JP¥193b

Compensation vs Market: Kei's total compensation ($USD1.52M) is below average for companies of similar size in the German market ($USD4.38M).

Compensation vs Earnings: Kei's compensation has increased by more than 20% in the past year.

CEO

Kei Uruma (65 yo)

3yrs

Tenure

JP¥246,000,000

Compensation

Mr. Kei Uruma had been President at Mitsubishi Electric Turkey A.S. since January 2013. Mr. Uruma has been Chief Executive Officer and President at Mitsubishi Electric Corporation since July 2021 and serve...

Leadership Team

NamePositionTenureCompensationOwnership
Kei Uruma
Representative Executive Officer3yrsJP¥246.00m0.0060%
€ 1.9m
Tadashi Matsumoto
Representative Executive Officer and Executive VP Life Business Area Owner & Export Controlno dataJP¥109.00m0.0031%
€ 987.8k
Kuniaki Masuda
Executive Officer1.1yrsno data0.0016%
€ 506.5k
Kunihiko Kaga
Representative Executive Officer2.1yrsno data0.0018%
€ 560.0k
Eiichiro Mitani
Executive Officer3.3yrsno data0.0016%
€ 493.9k
Yoji Saito
CMO & Executive Officer1.3yrsno data0.0016%
€ 519.1k
Yasunari Abe
Executive Officer & CHRO1.3yrsno data0.00053%
€ 166.7k
Atsuhiro Yabu
Group President of Automotive Equipment & Executive Officer5.5yrsno data0.0018%
€ 566.3k
Satoshi Kusakabe
Executive Officer & Chief Risk Management Officerno datano data0.0018%
€ 550.5k
Tomonori Sato
Executive Officer & Group President of Defense and Space Systems2.5yrsno data0.0011%
€ 349.2k
Noriyuki Takazawa
Senior Vice President of Infrastructure Business Area Owner4.3yrsJP¥103.00m0.0015%
€ 462.5k
Yoshikazu Nakai
Executive Officer2.3yrsno data0.00062%
€ 195.0k

2.4yrs

Average Tenure

63yo

Average Age

Experienced Management: MIE's management team is considered experienced (2.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Kei Uruma
Representative Executive Officer4.1yrsJP¥246.00m0.0060%
€ 1.9m
Kuniaki Masuda
Executive Officer3.1yrsno data0.0016%
€ 506.5k
Satoshi Takeda
Executive Officer1.1yrsno data0.0012%
€ 371.2k
Tatsuro Kosaka
Outside Independent Director2.1yrsno data0.00049%
€ 154.2k
Kazunori Watanabe
Independent Outside Director9.1yrsno data0.00046%
€ 144.7k
Hiroyuki Yanagi
Outside Independent Director2.1yrsno datano data
Mitoji Yabunaka
Independent Chairman of the Board of Directors12.1yrsno data0.00075%
€ 235.9k
Haruka Matsuyama
Independent Outside Director1.1yrsno data0.000040%
€ 12.6k
Masako Egawa
Independent Outside Director1.1yrsno data0.000040%
€ 12.6k
Hiroko Koide
Independent Outside Director8.1yrsno data0.00072%
€ 226.5k
Jun Nagasawa
Director2.1yrsno data0.0024%
€ 742.4k
Tadashi Kawagoishi
Director6.1yrsno data0.0023%
€ 726.7k

2.6yrs

Average Tenure

66yo

Average Age

Experienced Board: MIE's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/07/03 16:09
End of Day Share Price 2024/04/05 00:00
Earnings2024/03/31
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Mitsubishi Electric Corporation is covered by 33 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mikio HirakawaBofA Global Research
Mikio HirakawaBofA Global Research
Aaron HoCFRA Equity Research