Strong global competitiveness in mainstay energy systems and factory automation systems businesses Competitiveness in home appliances, power semiconductors, and information and communication systems, primarily in the domestic market Greater stability of overall earnings, lowering the risk that they will decrease materially Continuing establishment of overseas business infrastructure Slightly lower profitability and greater volatility in earnings than major overseas competitors Increasingly stable cash flow Lower capital expenditures than domestic peer companies, owing to successful business restructuring, despite expanding capital investments in growth areas Stable financing base Lingering risk of material volatility of cash flow in a period of economic stagnation The positive outlook on Japan-based diversified electronics maker Mitsubishi Electric Corp. reflects our view that its EBITDA margin is likely to
