A strong business franchise in industrial automation systems in growing Asian markets, and a leading position in areas such as space and defense, air conditioners, elevators and escalators, and energy and electric systems in Japan. A well-diversified business portfolio and a relatively wide range of profit sources. Stable profits from industrial automation systems. Solid access to the capital markets, and the likelihood of maintaining a strong capital structure. Low profitability in electronic devices and information and communication systems, as well as pressure on profits in the energy and electric systems segment. Slightly weak overall profitability and cash flow generation for the current rating category. While still somewhat weak, Mitsubishi Electric Corp.'s profitability and cash flow are recovering gradually. Its operating
