Mitsubishi Electric Corporation
6503・Prime Market・Electric Appliances
Infrastructure
Mitsubishi Electric's top-priority growth segment covering social infrastructure, defense, and space
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (Full-year FY2026) | ¥1,463,400 million | ¥1,224,948 million | ↑ |
| Operating profit (Full-year FY2026) | ¥154,731 million | ¥89,467 million | ↑ |
| Operating profit margin (Full-year FY2026) | 10.6% | 7.3% | ↑ |
| Orders received (Full-year FY2026) | ¥1,978,500 million | ¥1,922,700 million | ↑ |
| Capital expenditure (Full-year FY2026, tangible fixed assets) | ¥55,900 million | ¥29,400 million | ↑ |
Business Details
Comprises three businesses: the Social Infrastructure Systems Business (railways, water treatment, telecommunications, UPS), the Energy Systems Business (substation equipment, power electronics, power distribution), and the Defense & Space Systems Business (missiles, radar, satellites). The main demand drivers are expanding public infrastructure and defense budgets both in Japan and overseas, while also capturing power infrastructure demand driven by the expansion of renewable energy and the growth in data center construction. The segment's strategic focus is on contributing to carbon neutrality and security.
Recent Overview
In FY2026, the Infrastructure segment achieved the largest profit increase among all segments
For FY2026 (ending March 2026), the Infrastructure segment's revenue was ¥1,463,400 million (119% year on year) and operating profit was ¥154,731 million (173% year on year), a substantial increase in profit. The Social Infrastructure Systems Business benefited from increases in the domestic transportation business and the overseas UPS business, the Energy Systems Business from the expansion of the power distribution business both domestically and overseas, and the Defense & Space Systems Business from large-scale defense system projects. Capital expenditure also continued to be aggressive, at 176% year on year. The plan for FY2027 (ending March 2027) calls for revenue of ¥1,640,000 million (112% year on year) and adjusted operating profit of ¥170,000 million (109% year on year).
Key Products
Growth Drivers
- Increase in large-scale projects for the Defense & Space Systems Business driven by expanding defense budgets
- Rising demand for power infrastructure driven by the expansion of renewable energy and the growth in data center construction
- Steady growth in demand for social infrastructure systems in domestic and overseas transportation and public works projects
- Continued expansion of the overseas UPS business
- Strengthening of the OT security business through the consolidation of Nozomi Networks, Inc. as a subsidiary
Risks
- Risk of fluctuations in total estimated costs on construction contracts (changes in the balance of provisions for losses on construction contracts)
- Risk of cost overruns on long-term, highly customized construction contracts
- Risk of revenue fluctuation due to dependence on large-scale defense and space projects
- Uncertainty in the business environment due to the prolongation of geopolitical risks
- Impact of exchange rate fluctuations (particularly a shift to yen appreciation) on overseas revenue
- Impact of changes in US trade policy on materials procurement costs
Last updated: June 19, 2026