A member of the Mitsubishi Group, Mitsubishi Electric produces elevators and escalators, high-end home appliances, air conditioning, factory automation systems, train systems, electric motors, pumps, semiconductors, digital signage, and satellites.

[5][6] Mitsubishi Electric held the record for the fastest elevator in the world, in the 70-story Yokohama Landmark Tower, from 1993 to 2005.

[9][10] In early 2020, Mitsubishi Electric was identified as a victim of the year-long cyberattacks perpetrated by the Chinese hackers.

[11] In 2023, Mitsubishi Electric announced its plans to spend 100 billion yen to build a new semiconductor factory in Kumamoto Prefecture, with a target date of April 2026 to begin production.

[6][5] As of 2013,[update] Mitsubishi Electric's business network around the world were the following: Until September 2016, the company had a corporate team which is now known as the Nagoya Diamond Dolphins.