Mitsubishi Electric (OTC:MIELY) Stock, Quote.Headers.trade-ideas

MITSUBISHI ELECT COR

Mitsubishi Electric

Mitsubishi Electric is a diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company's core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.

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General

CARR

AB Electrolux Class B American Depositary Receipts

ELUXY

HTHIY

MIELY

TOSYY

Biden&#39;s &#39;Hazard Alert&#39; Takes Aim At Worker Heat Protection Amid Sweeping US Heatwave

benzingaai2023_a_nice_and_fresh_house_with_an_air_conditioning__02599f3a-d5fb-4612-91bb-91fbe59e57ec

Tech

7 Air Conditioner Stocks For This Summer&#39;s Infernal Heat Wave

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Media

ATVI

MSFT

Sony Group Corporation American Depositary Shares

SONY

Sony Group Corp (NYSE: SONY) is trading higher on Thursday amid reports of the company proposing to ramp up R&amp;D spending in its game business amid a broader R&amp;D push by other Japanese electronics companies.

What&#39;s Going On With Sony Group Stock Thursday?

MITSUBISHI ELEC UNSP/ADR by Mitsubishi Electric Corp.

Mitsubishi Electric Corp

Expands the company&#39;s lineup of greenhouse gas-free products, helping to achieve carbon neutrality

Reported Earlier, Mitsubishi Electric Secures Order For 84kv Dry Air Insulated Switchgear From Kansai Transmission, Advancing Carbon Neutrality

While private LTE/5G networks have increasingly been introduced in the U.S. since prices for both 5G devices and 5G base stations have fallen, only a few businesses can offer these networks as IaaS. Therefore, the introduction of these networks has required multiple providers working on network design, creation, operation, and maintenance. This has been a significant problem for companies and local governments that wish to create their own private networks. Moreover, although these entities understand the advantage of a private network, many have postponed its introduction due to the cost-effectiveness of capital investment since device configuration is complicated and devices are expensive.

MIELF

Reported Earlier, Mitsubishi Electric's ME Innovation Fund Backs Pente Networks To Advance Private LTE/5G Solutions

Mitsubishi Electric Corporation&nbsp;(Chiyoda-ku, Tokyo) and Musashi Energy Solutions Co., Ltd. (Hokuto City, Yamanashi Prefecture), a subsidiary of Musashi Seimitsu Industry Co., Ltd. (Toyohashi City, Aichi Prefecture), announced today their signing of a partnership and co-development agreement on May 14 for Innovative Energy Storage Devices to be incorporated into Innovative Energy Storage Modules, and Battery Management Systems (BMSs) that monitor and control battery usage for railway operators and rolling stock manufacturers.

Reported Earlier, Mitsubishi Electric Collaborates With Musashi Energy Solutions To Advance Carbon Neutrality In The Global Railway Industry

Contributing to Artemis Program by leveraging experience in developing spacecraft including HTV-X
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.mitsubishielectric.com%2F&amp;esheet=53978774&amp;newsitemid=20240508118668&amp;lan=en-US&amp;anchor=Mitsubishi+Electric+Corporation&amp;index=1&amp;md5=618567e26b0f7cd4119442a5bf0f3c94">Mitsubishi Electric Corporation</a>&nbsp;(TYO:<a class="ticker" href="https://www.benzinga.com/stock/TYO:6503#TYO">6503</a>) announced today that it has been awarded a contract by the Japan Aerospace Exploration Agency (JAXA) to supply space-use lithium-ion batteries for the Gateway, a lunar orbiting space station.
Under the &quot;Joint Exploration Declaration of Intent for Lunar Cooperation (JEDI)&quot; signed on July 10, 2020 by the Ministry of Education, Culture, Sports, Science, and Technology of Japan and the National Aeronautics and Space Administration of the United States of America, Japan has agreed to provide batteries for the Gateway space station in the Artemis Program for lunar exploration of the United States

Contracts

TYO:6503

Reported Earlier, Mitsubishi Electric Secures Major Contract To Supply Space-Use Lithium-Ion Batteries For "Gateway" Lunar Orbital Platform

The Business Transfer does not include the transformers manufactured at Mitsubishi Electric&#39;s Transmission &amp; Distribution Systems Center, Ako Factory.
&nbsp;After obtaining approval from the relevant authorities, assets and other items related to the distribution transformer business (development, design, manufacturing, sales, and maintenance) at Mitsubishi Electric&#39;s Nagoya Works will be transferred to Hitachi Industrial Equipment Systems in stages beginning in October 2024, with completion scheduled for April 1, 2026.

HTHIF

Mitsubishi Electric Transfers Distribution Transformer Business To Hitachi Industrial Equipment Systems

Going forward, Mitsubishi Electric expects to leverage AIRCALO&#39;s broad product line and strong customization capabilities to expand and upgrade its hydronic HVAC systems business in the diversifying European market, including by meeting strong demand for made-to-order products and environmental awareness.
Will strengthen hydronic HVAC systems business in European market

Reported Earlier, Mitsubishi Electric Subsidiaries Acquire French A/C Maker AIRCALO; Terms Not Disclosed

Mitsubishi Electric Corporation&nbsp;announced today that it has reached agreement with Nozomi Networks Inc, a developer and distributor of operational technology (OT) security solutions, to jointly pursue OT security initiatives including marketing and technical development. As part of the agreement, Mitsubishi Electric has acquired an equity stake in Nozomi Networks.

Mitsubishi Electric Partners With Nozomi Networks To Expand Operational Technology Security Solutions

Based on the agreement, Mitsubishi Electric will integrate its factory-automation (FA) equipment and OT security solutions with Dispel&#39;s secure remote-access technology to provide a Zero Trust Remote Access Service that monitors, controls and verifies remote-access operations involving equipment in manufacturing facilities. For Mitsubishi Electric, the goal is to accelerate digital manufacturing by utilizing data throughout entire product lifecycles, from design and installation to operation and maintenance, and thereby strengthen the company&#39;s Circular Digital-Engineering business.

Mitsubishi Electric Inks Agreement With Dispel To Expand Their Operational Technology Security Business

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.mitsubishielectric.com%2F&amp;esheet=53892664&amp;newsitemid=20240206640101&amp;lan=en-US&amp;anchor=Mitsubishi+Electric+Corporation&amp;index=1&amp;md5=da50a67217deb311f4b279b41b4bb362">Mitsubishi Electric Corporation</a>&nbsp;(TYO:<a class="ticker" href="https://www.benzinga.com/stock/TYO:6503#TYO">6503</a>) announced today its new Environmental Plan 2025, from April 2024 to March 2026, based on the company&#39;s Environmental Vision 2050 long-term commitments to addressing environmental issues. The company also announced updated greenhouse gas emissions-reduction targets through 2030 for its corporate group, which have been certified by the Science Based Targets Initiative (SBTi) for conformance with the Paris Agreement&#39;s 1.5&deg;C trajectory.
Mitsubishi Electric, which has positioned sustainability as a cornerstone of its business, management philosophy and environmental vision, aims to achieve net-zero greenhouse gas (GHG) emissions at its factories and offices by the fiscal year ending March 31, 2031 and throughout its entire value chain by the fiscal year ending March 31, 2051.
Moving forward, Mitsubishi Electric will continue contributing to a sustainable global environment by steadily implementing initiatives for environmental planning and the achievement of SBTs, including reducing the environmental impact of its entire value chain, to realize carbon neutrality, circular economy, and nature positive goals.

Mitsubishi Electric Steps Up Environmental Efforts with 2025 Plan, Aims for Alignment with 1.5°C Trajectory

Current consolidated forecast for fiscal 2024
<table cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
Revenue:
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
5,200.0
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
billion yen
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
(4%&nbsp;increase year-on-year)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Operating profit:
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
330.0
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
billion yen
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
(26%&nbsp;increase year-on-year)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Profit before income taxes:
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
355.0
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
billion yen
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
(22%&nbsp;increase year-on-year)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Net profit attributable to
			Mitsubishi Electric Corp. stockholders:
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
260.0
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
billion yen
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
(22%&nbsp;increase year-on-year)
</td>
</tr>
</tbody>
</table>

Earnings

Guidance

Mitsubishi Electric Reaffirms Its FY24 Outlook, Sees Revenue Of ¥5.20T, And Net Profit Attributable To Stockholders Of ¥260B

Q3 FY24: Revenue &yen;1,243.9 bn (+&yen;18.2 bn YoY), Operating Profit &yen;86.4 bn (+&yen;3.7 bn YoY)
Revenue and operating profit achieved new record highs due to the significant improvement of the automotive equipment business despite the impact of market fluctuations in the air conditioning systems &amp; home products and factory automation systems businesses.
Operating profit in the automotive equipment business returned to profit in both Q3/Q1-Q3 FY24, following Q2 FY24
Net profit attributable to Mitsubishi Electric Corporation stockholders Net profit attributable to Mitsubishi Electric Corporation stockholders increased by 1.3 billion yen year-onyear to 65.8 billion yen due mainly to an increase in profit before income taxes. The net profit attributable to Mitsubishi Electric Corporation stockholders to revenue ratio was 5.3%.&nbsp;

Mitsubishi Electric's 3Q24 Revenue ¥1.243T, Up 1% YoY; Net Profit Attributable To Stockholders ¥65.8B, Up 2% YoY

Mitsubishi Electric Announces Strategic Partnership And Investment In Software Developer ModuleWorks

Consolidated Second-quarter Results (July 1, 2023 &ndash; September 30, 2023)
<ul>
<li>Revenue: 1,318.1 billion yen (4% increase year-on-year)</li>
<li>Operating profit: 74.8 billion yen (61% increase year-on-year)</li>
<li>Profit before income taxes: 82.9 billion yen (47% increase year-on-year)</li>
<li>Net profit attributable to &nbsp;Mitsubishi Electric Corp. stockholders: 62.3 billion yen (51% increase year-on-year)&nbsp;</li>
</ul>

Mitsubishi Electric's 2Q24 Revenue Grew 4% YoY To 1.318T Yen; Net Profit Attributable To Stockholders Was Up 51% YoY To 62.3B Yen

Forecast for Fiscal 2024 The consolidated earnings forecast for fiscal 2024, ending March 31, 2024, is unchanged from the previous announcement on April 28, 2023 as stated below. &nbsp; Current consolidated forecast for fiscal 2024 Revenue: 5,200.0 billion yen (4% increase year-on-year) Operating profit: 330.0 billion yen (26% increase year-on-year) Profit before income taxes: 355.0 billion yen (22% increase year-on-year) Net profit attributable to Mitsubishi Electric Corp. stockholders: 260.0 billion yen (22% increase year-on-year)&nbsp;

Mitsubishi Electric Reaffirms Its FY24 Outlook, Sees Revenue Of 5.20T Yen, And Net Profit Of 260B Yen

Mitsubishi Electric (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MIELY#OTC">MIELY</a>) reported quarterly earnings of $0.40 per share. This is a 66.25 percent increase over earnings of $0.24 per share from the same period last year. The company reported $8.89 billion in sales this quarter. This is a 7.84 percent increase over sales of $8.24 billion the same period last year.

Mitsubishi Electric Q1 EPS $0.40 Up From $0.24 YoY, Sales $8.89B Up From $8.24B YoY

As a heatwave charges across the U.S. affecting over half of the population, President Joe Biden issued a call to protect workers and invest in key areas to combat the impact of <a href="https://www.benzinga.com/topic/heat-wave">extreme weather events</a>.
What Happened: In a first, Biden directed the Department of Labor to issue a &#8220;Hazard Alert&#8221; emphasizing heat-related worker protections under federal law. Biden also pledged to step up inspections in high-risk sectors such as construction and agriculture.
The president's announcements came as scorching temperatures, especially in the South and Southwest, strained power grids, leading to power outages, heat-related injuries, and even deaths.
More than 151 million people are currently under some kind of heat alert, making the issue of climate change more urgent and palpable than ever.
Biden said his administration is set to invest up to $7 million from the Inflation Reduction Act to enhance weather forecasts and $152 million from the Bipartisan Infrastructure Law to expand water storage in drought-prone regions.
In the face of current extreme conditions, air conditioning has gone from being a luxury to a necessity.
<a href="https://www.benzinga.com/trading-ideas/long-ideas/23/07/33393424/amazon-falls-following-reports-ftc-aims-to-break-up-the-company-a-technical-analysis">Benzinga previously reported</a> on data issued by SkyQuest Technology, which showed the air conditioning market is set to grow at a 6.2% compound annual growth rate from 2022 to 2028, reaching $172.48 billion by 2028.
Demand is highest in the Asia Pacific region, but North America and Europe are catching up quickly. In North America alone, the air conditioner market is projected to reach $35.6 billion in 2030, GrandView Research data showed.
A/C Enters the Room: As climate change turns up the heat, consumer electronics companies — particularly those manufacturing air conditioning units — stand to benefit.
U.S.-based Carrier Global Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) recently entered a deal to acquire Germany-based Viessmann Climate Solutions to expand in the European market. Whirlpool Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>) and Emerson Electric Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>) are also seeing positive trends, according to <a href="https://www.benzinga.com/news/23/07/33272913/7-air-conditioner-stocks-for-this-summers-infernal-heat-wave">prior Benzinga reporting</a>.
In addition, non-U.S.-based companies like Electrolux AB (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ELUXY#OTC">ELUXY</a>), Hitachi Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HTHIY#OTC">HTHIY</a>), Mitsubishi Electric ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MIELY#OTC">MIELY</a>), and Toshiba Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TOSYY#OTC">TOSYY</a>) are seeing favorable pricing trends.
As the demand for air conditioning surges, addressing the energy demands and environmental implications linked to their usage will remain a challenge. Read Next: <a href="https://www.benzinga.com/news/23/07/33273161/heatwave-havoc-june-2023-takes-the-title-for-hottest-month-on-record">Heatwave Havoc: June 2023 Takes The Title For Hottest Month On Record</a>
Photo: Shutterstock

Biden's 'Hazard Alert' Takes Aim At Worker Heat Protection Amid Sweeping US Heatwave

As the climate crisis keeps pushing heat metrics to new records, some territories on Earth are starting to periodically feature weather conditions that are <a href="https://www.benzinga.com/news/23/07/33177611/earth-is-screaming-meteorologist-warns-amid-unprecedented-heatwave-need-to-listen">too extreme for human life</a>.
The world is experiencing several focal points of extreme heat. Some cities in the American South and Southwest broke daily records this summer. Phoenix, Arizona is set to break a new record on Tuesday, as the Valley of the Sun enters its 19th consecutive day above 110 degrees F. The previous record of 18 consecutive days, from 1974, was tied on Monday.
During the weekend, the area of Death Valley in California marked a daily record of 128 degrees F, just a few degrees shy of reaching the highest temperature ever recorded on Earth.
But the magnitude of the crisis is global. Asia, the Middle East and Europe are also experiencing new heat records. On Sunday, the Xinjiang region of China broke its own record, reaching 126 degrees F. A heat wave is battering Italy, Greece and Spain. The heat index in Asaluyeh, Iran reached 152 degrees F on Monday.
<h3 class="wp-block-heading">The Rise Of The Air Conditioner</h3>
Far from isolated events, the rising temperature and humidity levels of recent years are consistent with climate change research. For the air conditioning industry, this means an unprecedented increase in demand, as air conditioning units shift in public perception from a luxury good to an item of first necessity.
In parts of the world where the wet-bulb temperature reaches 95 degrees F at 100% humidity, the human body is no longer able to maintain its homeostatic processes, and entering an air conditioned room becomes a matter of life and death.
Paradoxically, increased energy demand from the use of air conditioning is one of the largest contributors to greenhouse gas emissions, which in turn continue to contribute to global warming and extreme climate events. This type of process is referred to in climate science as a "positive feedback loop" and is specifically known as the "air conditioning paradox."
A global shift to clean sources of energy generation, <a href="https://www.benzinga.com/news/23/05/32355261/elon-musk-and-bill-gates-agree-on-something-how-public-support-for-nuclear-power-could-be-moving-for">including nuclear power</a>, will be needed in order to mitigate the environmental cost of rising air conditioner use.
According to a recent report published by research firm SkyQuest Technology, the air conditioning market is expected to experience an average compound annual growth rate of 6.2% from 2022 to 2028, reaching a value of $172.48 billion by 2028.
<a href="https://www.benzinga.com/news/23/06/33064887/if-summer-smoke-becomes-the-new-normal-in-the-midwest-and-northeast-which-industries-will-benefit">Worsening air quality in major urban centers</a> is another fuel for the industry's growth, which will stem primarily from the Asia Pacific region, followed by North America and Europe. Many territories that historically have not had a need for air conditioning are now seeing increased demand.
According to a separate report by GrandView Research, the total market for air conditioners in North America today stands at $24.6 billion and is expected to reach $35.6 billion in 2030.
Companies in the consumer electronics sector are some of the best situated to benefit from this growth. Some of the largest are U.S.-based, and the stocks have experienced rising prices throughout last month, partly riding <a href="https://www.benzinga.com/news/23/07/33167227/narrow-rally-top-6-tech-companies-drive-tech-sectors-historic-half-year-performance-analyst-says">the positive wave sweeping across the tech sector</a>.
<ul>
<li>Carrier Global Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) is up 15.5% in the last month. Last week, four analysts raised their Carrier price targets to between $49 and $54 vs. a current stock price of $55. The company recently agreed to acquire Germany-based Viessmann Climate Solutions in a 12-billion-euro ($13.4 billion) cash-and-stock deal that will make it strategically positioned to advance in the European market. Carrier will reports its earnings for the second quarter on July 27.</li>
<li>Whirlpool Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>) is up 4.7% in the last month and its second-quarter results are due on July 24.</li>
<li>Emerson Electric Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>) is up 5.4% in the last month. Its third-quarter results are expected to come in early August.</li>
</ul>
Other air conditioner giants not headquartered in the U.S. have also experienced a positive pricing trend in the last month.
<ul>
<li>Class B ADR shares of Swedish manufacturer Electrolux (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ELUXY#OTC">ELUXY</a>) are up 10.8% in the last month.</li>
<li>Japanese conglomerate Hitachi Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HTHIY#OTC">HTHIY</a>) is up 4% in the last month.</li>
<li>ADR shares of Mitsubishi Electric (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MIELY#OTC">MIELY</a>) are up 7.1% in the last month.</li>
<li>Toshiba Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TOSYY#OTC">TOSYY</a>) is up 2.1% in the last month.</li>
</ul>
Image made using MidJourney AI.

7 Air Conditioner Stocks For This Summer's Infernal Heat Wave

Sony Group Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sony#NYSE">SONY</a>) is trading higher on Thursday amid reports of the company proposing to ramp up R&amp;D spending in its game business amid a broader R&amp;D push by other Japanese electronics companies. It looks to hone technology in&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/06/32708514/sony-to-leverage-ai-in-its-quest-for-cloud-gaming-but-ceo-kenichiro-yoshida-expresses-concerns" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">live service games</a>&nbsp;and the&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/12/29970495/sony-looking-to-commercialize-humanoid-robots-is-ready-to-tap-metaverse" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">metaverse</a>.
It will invest 300 billion yen (about $2.13 billion) into research and development for its game segment for FY24, Nikkei Asia&nbsp;<a class="editor-rtfLink" href="https://asia.nikkei.com/Business/Companies/Sony-dives-into-extended-reality-with-2bn-R-D-war-chest" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reports</a>.&nbsp;
Sony eyes 760 billion yen in company-wide R&amp;D during FY23, up 3% on the year. The amount, which will account for around 40% of its total R&amp;D spending, now surpasses spending in electronics and semiconductors.
Sony spent 271.1 billion yen on game R&amp;D last FY22, more than double the 144.5 billion yen in FY20.
Sony&#39;s pivot from a focus on hardware to a subscription-based business model is prompting the company to step up R&amp;D. It will now focus on live service games that let customers purchase add-ons for titles streamed online.&nbsp;&nbsp;
Sony expects the market for add-on style games to reach $19 billion in 2026, surpassing the market for hardware&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/04/32076942/concerns-over-playstation-clouds-sonys-prospects-despite-record-sale-in-q4" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">like the PlayStation</a>&nbsp;for the first time.
Sony is relying primarily on sequels to traditional games for software sales. Meanwhile,&nbsp;Microsoft Corp&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) is&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/07/33197732/whats-going-on-with-activision-blizzard-stock-wednesday" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">keen on acquiring</a>&nbsp;game publishing firm&nbsp;Activision Blizzard, Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atvi#NASDAQ">ATVI</a>).
Sony plans to have 12 live service game titles in its portfolio by FY26, up from just one in FY21.&nbsp;
It plans to allocate 55% of PlayStation 5 game development spending to live service games in FY24 and 60% for FY26.
Sony aims to combine the resources of the nine overseas game studios it has had a stake in during the last two years to aid extended reality development.
It also aims to bring the technology it cultivates in its game business into other fields, like in-vehicle content for the electric car it is developing with&nbsp;Honda Motor Company, Ltd&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/hmc#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">HMC</a>).
Hitachi Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/hthiy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">HTHIY</a>) will increase R&amp;D expenses in the environmental field by 27%, and&nbsp;Mitsubishi Electric Corp&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/miely#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">MIELY</a>) will boost power-saving semiconductor development.
Price Action:&nbsp;SONY shares are trading higher by 2.81% at $93.80 premarket on the last check Thursday.

What's Going On With Sony Group Stock Thursday?

COHR

Coherent And Mitsubishi Electric Collaborate To Scale Manufacturing Of SiC Power Electronics On A 200 mm Technology Platform

On Wednesday, shares of Mitsubishi Elec Cp (OTC: <a class="ticker" href="https://www.benzinga.com/stock/miely#OTC">MIELY</a>) experienced volatile short activity. After the activity, the stock price went down -0.1% to $19.31.
The overall sentiment for MIELY has been Bearish.
The signal from the volatility alert is trending Bearish. Therefore, the recommendation is to Increase Short Exposure.
The volatility alert was produced on the prior trading date, 12/7/2022 with a volatility change of +170.94%. The current volatility indicator stands at 12.132.
Overview: The securities lending volatility indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending primarily serves the purpose of providing liquidity to short sellers. When unusual activity occurs in the securities lending markets, it acts as an upstream indicator to what is likely to occur downstream in the regular stock market.
Understanding the Volatility Alert: Overall sentiment is considered &quot;bear&quot; when broad market activity of the stock has been shown to indicate a negative directional basis, or is considered &quot;bull&quot; when indicating a positive directional basis. The securities lending volatility indicator provides a signal when it detects unusual short activity. Unusual short activity is based off a computer generated algorithmic formula utilizing securities lending trade details such as the volume of shares being shorted, the rate being paid to short the shares, and the type of collateral being posted - amongst other variables. The current volatility is the respective trading day&#39;s calculated securities lending volatility value. The volatility percentage change is the percentage difference in volatility between the two most recent days. The recommendation is a suggestive strategy, inferred from the strength of the Signal Trending, Current Volatility, and Volatility % Change. Recommendations may include, &quot;Strong Buy&quot;, &quot;Strong Sell&quot;, &quot;Increase Short Exposure&quot;, &quot;Decrease Short Exposure&quot;, or &quot;Market Neutral&quot;.
ANY INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR IMPLY INVESTMENT ADVICE

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Lazard International Strategic Equity Portfolio Q2 2024 Commentary

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Press Releases

Nozomi Networks Delivers World's First Security Sensor Embedded in Industrial Control Systems

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Mitsubishi Electric

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