Strong competitiveness in factory automation, power plants, and transportation systems Strengthened earnings as a result of aggressive structural reform Conservative financial policy Stable financing Weakening domestic economy due to Great East Japan Earthquake and adverse effects of strong yen Low profit margins for 'A'-rated company Mitsubishi Electric Corp. (A/Stable/A-1), Japan's third-largest diversified electronics company after Hitachi Ltd. (BBB+/Stable/A-2) and Toshiba Corp. (BBB/Stable/A-2), maintains stable profits in its energy and electric systems business--which includes power plant, building, and transportation systems. Strong competitiveness supports this business. In addition, performance is improving in its mainstay industrial automation systems business, which includes factory automation products and systems. This is supported by the recovery in demand for liquid crystal displays (LCDs), semiconductors, and machine tools
