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 for industrial use, as well as reduced fixed costs in this segment. Although Mitsubishi Electric faces uncertainty related to its future business environment due to the weakening domestic economy following the Great East Japan Earthquake on March 11, 2011, Standard&Poor's Ratings Services is
