Mitsubishi Electric

🇯🇵Tokyo, JapanIndustrial electronics + space systemsTYO: 6503

Verified 2026-05-28· Mitsubishi Electric Corporation (TYO: 6503)

Founded

1921

Overview

One of Japan's largest electronics conglomerates. Space division is a major contractor for JAXA — built the SLIM 'Moon Sniper' lander, multiple comms satellites, and HTV cargo vehicle electronics. Listed on Tokyo Stock Exchange.

Moat: Heritage as JAXA's primary prime contractor for satellite + spacecraft electronics. Built and operated SLIM, Japan's first lunar lander — successful precision landing January 2024 made Japan the 5th nation to soft-land on the Moon.

Business

Primary customers

Government: JAXA (SLIM, HTV, satellites)
Commercial: Commercial satellite operators (global)
Commercial: Industrial customers (factory automation, power, HVAC)

Sectors

Lunar landers (SLIM) · Satellite manufacturing · Industrial automation · Power systems

Gallery

A satellite platform on the floor of Mitsubishi Electric's Kamakura Works, the company's satellite integration facility in Kamakura, Japan. — Image: Mitsubishi Electric's Kamakura Works satellite factory — Mitsubishi Electric

Illustration of Mitsubishi Electric's DS2000 standardized geostationary satellite bus, flown by QZSS, Himawari and exported commercial communications satellites. — Image: The DS2000 standardized satellite bus (illustration) — Mitsubishi Electric

The QZS-6 'Michibiki' navigation satellite — built by Mitsubishi Electric on its DS2000 bus — in the cleanroom, flanked by Mitsubishi Electric panels. — Image: QZS-6 'Michibiki' satellite, built by Mitsubishi Electric — Cabinet Office of Japan / QZSS · CC BY 4.0

Key Products

SLIM lunar lander (Smart Lander for Investigating Moon)retired
Japan's first lunar lander, prime-built by Mitsubishi Electric. Achieved ~10 m precision landing near Shioli crater on 2024-01-19 — surviving 4 lunar nights despite not being designed for it. Mission formally concluded August 2024.
First flight: 2023-09-06
Commercial GEO + LEO comms satellitesoperational
Multiple commercial comms satellite product lines for global operators.

Investor Resources

Primary-source documents — straight from Mitsubishi Electric's investor relations and SEC filings.

Investor Presentations

Near-term Catalysts

TBD
JAXA follow-on lunar lander programme
Likely successor to SLIM building on the precision-landing demonstration.

Top Risks

Space is a small fraction of Mitsubishi Electric's overall ¥5+ trillion revenue base.
JAXA lunar pipeline post-SLIM is uncertain — LUPEX is JAXA/ISRO joint with separate prime arrangements.

Recent Milestones

2023-09-06
SLIM launched on H-IIA from Tanegashima
2024-01-19
SLIM achieves ~10 m precision landing — Japan becomes 5th nation to soft-land on Moon
2024-08-23
JAXA formally concludes SLIM mission after surviving 4 lunar nights

From Management

Recent interviews and talks from Mitsubishi Electric's leadership — hear the strategy in their own words.

Kei Uruma · President & CEOMitsubishi Electric management & corporate strategyMitsubishi Electric · 2025 Futagi · Project Manager, QZSS 'Michibiki' satellitesBuilding every satellite in Japan's Michibiki navigation constellationMitsubishi Electric — Our Stories · 2025

What investors should know

Q1What share of Mitsubishi Electric's revenue is space-related?⌄

Single-digit percent. Mitsubishi Electric's total revenue is ¥5+ trillion across Industrial Automation, Energy & Electric Systems, Home Appliances, and Information & Communications segments. Space + defense is a small but strategic line under the Public Utility / Defense segment.

Q2Why did SLIM matter despite the small revenue contribution?⌄

SLIM demonstrated 10 m landing precision — far exceeding the 100 m goal — establishing a Japanese capability for future polar / PSR landings where precision is critical. The mission also validated Mitsubishi Electric's lunar-rated avionics + propulsion in a real flight environment.

Q3Will Mitsubishi build LUPEX?⌄

LUPEX is a joint ISRO-JAXA mission with the lander built by ISRO and the rover by JAXA (with Toyota involvement on rover technology). Mitsubishi Electric's role on LUPEX is not the prime contractor — that's a different procurement structure than SLIM.

Q4How does Mitsubishi Electric compare with Mitsubishi Heavy Industries?⌄

Different companies (both descend from the original Mitsubishi conglomerate but operate independently). Mitsubishi Heavy Industries (TYO: 7011) builds the H-IIA / H3 launch vehicles and HTV cargo vehicles. Mitsubishi Electric builds the satellite payloads and spacecraft electronics, including SLIM.

Q5Is the stock 6503 a way to invest in lunar exploration?⌄

Indirectly, but the financial exposure is small. For a Japanese-listed lunar pure-play, ispace (9348.T) is more direct. Mitsubishi Electric is a diversified conglomerate where space is a meaningful capability but not a financial driver.

Peers

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Sources & References

Agency Document

JAXA — SLIM mission outcome · 2024-01-25

Investor Relations

Mitsubishi Electric — corporate site · 2025-12-31