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This will be Japan's first ever warship export project, and the first ship is scheduled to be delivered to the Royal Australian Navy in 2029. The new frigates, based on the upgraded Mogami-class frigate, will replace the current ANZAC-class in the Australian Navy.

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will launch a proof of concept (PoC) project for a railway energy management solution (railway EMS) to be tested on the tram network in Krakow, Poland, beginning in April 2026. The project will combine Mitsubishi Electric's SerendieTM digital platform and energy storage systems (ESSs) for the efficient capture and use of…

TOKYO--(BUSINESS WIRE)--PsiQuantum, the University of Tokyo, and the Mitsubishi Chemical Corporation are partnering to provide training for Japan's quantum workforce.

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that Clarivate Plc, a global information services company based in the United Kingdom, has recognized Mitsubishi Electric as a Clarivate AI50 2026 organization for its leadership in artificial intelligence (AI) inventions. The recognition reflects the high regard for Mitsubishi Electric's achievements in AI-related intellectual…

Mitsubishi UFJ Financial Group Inc (NYSE: MUFG) shares retreated Thursday as a landmark acquisition in India met a cooling global appetite for risk.