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Business Alliances6503Mitsubishi Electric CorporationElectrical Equipment and Precision Instruments

Agreement to Begin Considering a Strategic Partnership Through the Joint Operation of the Automotive Equipment Business with Hon Hai Precision Industry

Mitsubishi Electric has entered into a memorandum of understanding with Hon Hai Precision Industry to begin considering a strategic partnership, including the joint operation of the automotive equipment business. The companies will also consider accepting a 50% investment by Hon Hai Precision Industry in Mitsubishi Electric Mobility in the future.

Worth reading
34Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Neutral
Direction inferred from the company’s description.
Scale
50
Equity stake (%)
Wording
Avoiding a definitive answer
How definitive the wording is.

Agreements reached under this partnership

Capital and Business Alliance
6503Mitsubishi Electric Corporation
Alliance partnerHon Hai Precision Industry Co., Ltd.
Details of the alliance
  1. 1

    Expand the scope of collaboration into the automotive equipment field, including electrification, autonomous driving and SDVs, with the aim of creating synergies.

  2. 2

    Begin considering joint operation with Hon Hai Precision Industry, including the potential acceptance of a 50% investment in Mitsubishi Electric Mobility, which operates the Company’s automotive equipment business.

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

Capital and personnel relationships

This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).

50.00%Our ownership stake in the partner’s shares
Ownership ratioConsider accepting a 50% investment in Mitsubishi Electric Mobility by Hon Hai Precision Industry.
About the partner
LocationNew Taipei City, Taiwan
Impact on Business Performance

If any matter requiring public disclosure arises, it will be disclosed promptly.

Contract Date24 April 2026
Agreements reached under this partnership
ItemDetails
Name of alliance partnerHon Hai Precision Industry Co., Ltd.
Alliance partner's locationNew Taipei City, Taiwan
Type of allianceCapital and Business Alliance
Details of the allianceExpand the scope of collaboration into the automotive equipment field, including electrification, autonomous driving and SDVs, with the aim of creating synergies., Begin considering joint operation with Hon Hai Precision Industry, including the potential acceptance of a 50% investment in Mitsubishi Electric Mobility, which operates the Company’s automotive equipment business.
Shareholding ratioNot disclosed → 50%
Ownership ratioConsider accepting a 50% investment in Mitsubishi Electric Mobility by Hon Hai Precision Industry.
Contract Date24 April 2026
Impact on Business PerformanceIf any matter requiring public disclosure arises, it will be disclosed promptly.
Items this document does not state (15)
Alliance partner's business activitiesAlliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceOverview of the joint ventureDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionAlliance start dateShare Acquisition Date and Payment DateChange in major shareholders

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To leverage Hon Hai Precision Industry’s expertise and network to create synergies in areas including electrification, autonomous driving and software-defined vehicles (SDVs), while contributing to the provision of Japan-originated EV platforms, strengthening Japan’s industrial base and achieving sustainable growth in the automotive industry.

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Agreement to Begin Considering a Strategic Partnership Through the Joint Operation of the Automotive Equipment Business with Hon Hai Precision Industry | Mitsubishi Electric Corporation (6503) timely disclosure | Komori