Mitsubishi Electric is advancing individual negotiations for the potential withdrawal or sale of several businesses, CFO Kenichiro Fujimoto said.

At the 2Q financial results briefing conference held on 31 October, Fujimoto said discussions involve several operations totalling around JPY 800bn (USD 5.2bn), each being negotiated individually.

“Some of the talks are already progressing, and the company aims to reach conclusions within the current fiscal year,” he said.

The JPY 9.1tn market-cap company announced on 28 May that it would review and streamline unprofitable operations. At the same time, Mitsubishi Electric unveiled plans to allocate up to JPY 1tn over the next three years for growth investments, including M&A.

As part of its growth strategy, Mitsubishi Electric has been leveraging its in-house digital platform “Serendie” and combining it with OT (operational technology) security solutions as disclosed.

In September 2025, Mitsubishi Electric completed the full acquisition of US-based Nozomi Networks, a cybersecurity firm specializing in OT security, for USD 883m, according to disclosure materials.

Fujimoto said the company ultimately aims to automate factories end-to-end and will continue to actively pursue M&A in this area.

He added that the government’s plan to raise defense spending to 2% of GDP under the new administration will also support business growth. “Programs such as defense equipment transfers and the next-generation fighter jet jointly developed with Italy and the UK will contribute to scaling up the business,” Fujimoto said.

The company  revised up its earnings outlook for fiscal 2025, citing strong performance led by its infrastructure division. It raised its revenue forecast by JPY 270bn to JPY 5.67tn and its net profit by JPY 30bn to JPY 370bn.