Komori
Earnings presentation6503Mitsubishi Electric CorporationElectrical Equipment and Precision Instruments

Notice of Release of Presentation Materials for Mitsubishi Electric IR Day 2026 (Life Business Area)

The Life Business Area announced a shift from a business centered primarily on standalone equipment to one combining operations and maintenance using data with circular solutions. It has identified IT Cooling for data centers and building solutions as priority areas, and is targeting ¥2.8 trillion in revenue and a 12% adjusted operating profit margin for FY2030.

Worth reading
46Recurring
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
2.8
¥ trillion (FY2030 Life BA revenue target)
Wording
Conditional
How definitive the wording is.

Contents of this document

Medium-Term Management Plan Presentation7 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥23,182 100 million FY2025 actual, Life BA
Operating profit¥1,683 100 million FY2025 actual, adjusted operating profit, Life BA
Operating profit margin
Rate7.3% (FY2025 actual, Life BA) / 8.6% (FY2026 forecast) / 12% (FY2030 target)
Full-year earnings forecast
Life BA
Net Sales
¥24,300 hundred million
Adjusted operating profit
¥2,100 hundred million
Adjusted operating margin
8.6 %
Building Systems Business
Net Sales
¥7,600 hundred million
Adjusted operating profit
¥770 hundred million
Adjusted operating margin
10.1 %
Air Conditioning and Home Appliances Business
Net Sales
¥16,700 hundred million
Adjusted operating profit
¥1,330 hundred million
Adjusted operating margin
8 %
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Exchange rate (US dollar)
    FY2025 actual¥151/US$
    FY2026 outlook¥150/US$
    FY2030 target¥140/US$
  • Exchange rate (euro)
    FY2025 actual¥176/euro
    FY2026 outlook¥175/euro
    FY2030 target¥160/euro
  • Exchange rate (Chinese yuan)
    FY2025 actual¥21.4/Chinese yuan
    FY2026 outlook¥21.5/Chinese yuan
    FY2030 target¥19.5/Chinese yuan
New initiatives
  • Strengthening and global expansion of the IT Cooling business for data centers
  • Promoting AI-enabled, digitally driven maintenance and operations solutions
  • Expanding the building solutions business
  • Acquiring cooling technologies through partnerships and M&A with other companies, including startups
  • M&A to expand the elevator and escalator business platform in Europe
  • Automation and labor-saving solutions integrating robots and elevators
Key KPIsA metric the company considers important as a management benchmark.
  • Number of Elevators and Escalators Under Maintenance120 10,000 units FY2025 actual
  • IT Cooling Revenue¥320 100 million FY2025 actual
Segment results
  • Building Systems Business
    Net Sales¥7,078 hundred million
    Profit¥656 100 million (adjusted operating profit)
  • Air Conditioning and Home Appliances Business
    Net Sales¥16,103 hundred million
    Profit¥1,026 100 million (adjusted operating profit)
Medium-term management plan targets
  • Life BA
    Target fiscal yearFiscal 2030
    Net Sales¥2.8 trillion
    Adjusted operating margin12%
    ROIC11%
  • Building Systems Business
    Target fiscal yearFiscal 2030
    Net Sales¥800 billion
    Adjusted operating margin12%
    ROIC12%
  • Air Conditioning and Home Appliances Business
    Target fiscal yearFiscal 2030
    Net Sales¥2.0 trillion
    Adjusted operating margin12%
    ROIC11%
  • IT Cooling Revenue
    Target fiscal yearFiscal 2030
    Target value¥100 billion+
  • Number of Elevators and Escalators Under Maintenance
    Target fiscal yearFiscal 2030
    Target value1.5 million units
Financial targets
  • Life BA Revenue
    FY2025 actual¥2,318.2 billion
    FY2026 outlook¥2,430.0 billion
    FY2030 target¥2.8 trillion
  • Life BA Adjusted Operating Profit Margin
    FY2025 actual7.3%
    FY2026 outlook8.6%
    FY2030 target12%
  • Life BA ROIC
    FY2025 actual9.0%
    FY2030 target11%
  • Building Systems Business Adjusted Operating Profit Margin
    FY2025 actual9.3%
    FY2026 outlook10.1%
    FY2030 target12%
  • Air Conditioning and Home Appliances Business Adjusted Operating Profit Margin
    FY2025 actual6.4%
    FY2026 outlook8.0%
    FY2030 target12%
Market Size / Share
  • Data Center Power Capacity
    FiguresExpected to grow to approximately 2 times the FY2025 level by FY2030
  • Global Building Solutions-Related Market
    FiguresExpected to grow to approximately 1.6 times the FY2025 level by FY2030
Contents of this document
ItemDetails
Document typeMedium-Term Management Plan Presentation
Net Sales¥23,182 100 million (FY2025 actual, Life BA)
Operating profit¥1,683 100 million (FY2025 actual, adjusted operating profit, Life BA)
Operating profit marginRate 7.3% (FY2025 actual, Life BA) / 8.6% (FY2026 forecast) / 12% (FY2030 target) / Year-on-year change (points) Not disclosed
Full-year earnings forecastLife BA Net Sales ¥24,300 hundred million / Adjusted operating profit ¥2,100 hundred million / Adjusted operating margin 8.6 % / Building Systems Business Net Sales ¥7,600 hundred million / Adjusted operating profit ¥770 hundred million / Adjusted operating margin 10.1 % / Air Conditioning and Home Appliances Business Net Sales ¥16,700 hundred million / Adjusted operating profit ¥1,330 hundred million / Adjusted operating margin 8 %
Segment resultsSegment Building Systems Business / Net Sales ¥7,078 hundred million / Profit ¥656 100 million (adjusted operating profit) / Year on year against the same period last year Not disclosed, Segment Air Conditioning and Home Appliances Business / Net Sales ¥16,103 hundred million / Profit ¥1,026 100 million (adjusted operating profit) / Year on year against the same period last year Not disclosed
Key KPIsIndicator name Number of Elevators and Escalators Under Maintenance / Value 120 10,000 units (FY2025 actual) / Year on year against the same period last year Not disclosed, Indicator name IT Cooling Revenue / Value ¥320 100 million (FY2025 actual) / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business OutlookItem Exchange rate (US dollar) / FY2025 actual ¥151/US$ / FY2026 outlook ¥150/US$ / FY2030 target ¥140/US$, Item Exchange rate (euro) / FY2025 actual ¥176/euro / FY2026 outlook ¥175/euro / FY2030 target ¥160/euro, Item Exchange rate (Chinese yuan) / FY2025 actual ¥21.4/Chinese yuan / FY2026 outlook ¥21.5/Chinese yuan / FY2030 target ¥19.5/Chinese yuan
Medium-term management plan targetsSubject Life BA / Target fiscal year Fiscal 2030 / Net Sales ¥2.8 trillion / Adjusted operating margin 12% / ROIC 11%, Subject Building Systems Business / Target fiscal year Fiscal 2030 / Net Sales ¥800 billion / Adjusted operating margin 12% / ROIC 12%, Subject Air Conditioning and Home Appliances Business / Target fiscal year Fiscal 2030 / Net Sales ¥2.0 trillion / Adjusted operating margin 12% / ROIC 11%, Subject IT Cooling Revenue / Target fiscal year Fiscal 2030 / Target value ¥100 billion+, Subject Number of Elevators and Escalators Under Maintenance / Target fiscal year Fiscal 2030 / Target value 1.5 million units
Financial targetsIndicator Life BA Revenue / FY2025 actual ¥2,318.2 billion / FY2026 outlook ¥2,430.0 billion / FY2030 target ¥2.8 trillion, Indicator Life BA Adjusted Operating Profit Margin / FY2025 actual 7.3% / FY2026 outlook 8.6% / FY2030 target 12%, Indicator Life BA ROIC / FY2025 actual 9.0% / FY2030 target 11%, Indicator Building Systems Business Adjusted Operating Profit Margin / FY2025 actual 9.3% / FY2026 outlook 10.1% / FY2030 target 12%, Indicator Air Conditioning and Home Appliances Business Adjusted Operating Profit Margin / FY2025 actual 6.4% / FY2026 outlook 8.0% / FY2030 target 12%
Market Size / ShareMarket Data Center Power Capacity / Figures Expected to grow to approximately 2 times the FY2025 level by FY2030, Market Global Building Solutions-Related Market / Figures Expected to grow to approximately 1.6 times the FY2025 level by FY2030
New initiativesStrengthening and global expansion of the IT Cooling business for data centers, Promoting AI-enabled, digitally driven maintenance and operations solutions, Expanding the building solutions business, Acquiring cooling technologies through partnerships and M&A with other companies, including startups, M&A to expand the elevator and escalator business platform in Europe, Automation and labor-saving solutions integrating robots and elevators
Items this document does not state (19)
Fiscal Period CoveredOrdinary incomeNet incomeGross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

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 grow the business into one that creates, maintains and enhances comfortable, safe and secure environments through advanced operations and maintenance using field data via Serendie. In addition, the company aims to capture growth in the data center market driven by AI demand and in the building solutions market, particularly in North America and Europe.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice of Release of Presentation Materials for Mitsubishi Electric IR Day 2026 (Life Business Area) | Mitsubishi Electric Corporation (6503) timely disclosure | Komori