MSBHY - Mitsubishi Corporation

Other OTC - Other OTC Delayed Price. Currency in USD
40.23
+0.09 (+0.22%)
As of 3:57PM EDT. Market open.
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close40.14
Open40.14
Bid0.00 x 0
Ask0.00 x 0
Day's Range39.30 - 40.25
52 Week Range38.64 - 54.57
Volume8,256
Avg. Volume36,980
Market Cap29.942B
Beta (5Y Monthly)0.86
PE Ratio (TTM)5.72
EPS (TTM)7.03
Earnings DateN/A
Forward Dividend & Yield2.54 (6.32%)
Ex-Dividend DateMar 30, 2020
1y Target EstN/A
  • JEOL: Release of the New Scanning Electron Microscope JSM-IT700HR
    Business Wire

    JEOL: Release of the New Scanning Electron Microscope JSM-IT700HR

    JEOL Ltd. (TOKYO:6951) (President & COO Izumi Oi) announces the release of a new scanning electron microscope (SEM), the JSM-IT700HR for unprecedentedly high throughput in August 2020.

  • Reuters

    Renault slumps to record 7.3 billion euro net loss in H1

    French carmaker Renault posted a record net loss of 7.292 billion euros in the first half of this year, dragged down by the impact of losses at alliance partner Nissan and the COVID crisis hitting sales. Group operating losses, factoring out the effect of Nissan's losses, were at 2 billion euros, the company said. Renault, which with alliance partners Nissan and Mitsubishi is embarking on a major turnaround programme, burned through $6.375 billion euros in cash over the first half.

  • Invest in SapientX for AI Tech That Takes on Siri and Alexa
    InvestorPlace

    Invest in SapientX for AI Tech That Takes on Siri and Alexa

    SapientX develops sophisticated artificial intelligence software for voice recognition. And the company has also launched a crowdfunding financing on the Wefunder site. In other words, anyone can invest in SapientX (the minimum is $100).Source: Shutterstock Even though mega-cap tech companies have invested substantial amounts in voice technology -- such as with Apple's (NASDAQ:AAPL) Siri and Amazon's (NASDAQ:AMZN) Alexa -- there is still much to be done. The fact is that accuracy continues to be a challenge and there are also concerns about user privacy.But for SapientX, this is a big opportunity. Keep in mind that the co-founders have deep experience with AI. For example, Bruce Wilcox has more than four decades in the field and has won the Loebner Prize four times for the best conversational AI. He has also worked at companies like Amazon and Fujitsu (OTCMKTS:FJTSY).InvestorPlace - Stock Market News, Stock Advice & Trading TipsThen there is Maclen Marvit. He is actually a rocket scientist, having worked at NASA and Blue Origin.And CEO David Colleen has led development teams for AI and virtual reality (VR). During his career, he has worked with 17 Fortune 100 companies on software projects. How It WorksThe good news about Siri and Alexa is that they have introduced millions of people to voice interfaces. The result is that this category has seen substantial growth -- which should continue for some time. After all, there are companies in many industries that want to use voice systems for their own offerings.Yet when it comes to the SapientX platform, there is a often pushback from potential customers. How is it possible that a small company can compete against giants like Apple and Amazon?Is the technology even real? * 10 Consumer Stocks to Buy to Ride the Post-Covid-19 Wave These concerns are certainly reasonable -- and they go to the heart of whether it makes sense to invest in SapientX. But the Wefunder profile does point out that the company's technology is operational and has trial customers like Mitsubishi (OTCMKTS:MSBHY), Volvo, KTM, Yamaha (OTCMKTS:YAHMF) and General Electric (NYSE:GE). The goal is to commercialize the AI system by the end of this year.The key to SapientX is that it has built its conversation platform from the ground up. This has allowed the company to focus on the main areas that customers want. To this end, there has been the addition of 40 languages and the system does not need to use the internet to operate (it can use local data). The company also notes that its conversational understanding accuracy is up to 99%. By comparison, Siri is at 75% and Alexa is at 73%. Should You Invest in SapientX?Consider that an earlier version of SapientX was embedded in Outfit7's virtual pet, called Talking Angela. The company would ultimately exit at $1 billion. In fact, the AI voice space has seen a myriad of high return outcomes for startup investments. In a group of 23 companies, 16 exited in the last four years and the average return was 17x, according to analysis from SapientX.OK then, as for the crowdfunding round from the company, the valuation is at $7 million. Investors will receive preferred stock in the company, which means that they get greater claims to the assets if there is a liquidation event, such as a bankruptcy or acquisition.But despite the traction with SapientX, there still remain substantial risks. Note that the revenues are minimal and the net loss was $399,329 in the latest fiscal year. Another issue has been the impact of the novel coronavirus, which has delayed some of the customer contracts and has made some prospects more hesitant.So when evaluating SapientX, it's a good idea to do your own analysis and see if this investment fits within your diversification needs.Tom Taulli (@ttaulli) is an advisor and author of various books and online courses about technology, including Artificial Intelligence Basics, The Robotic Process Automation Handbook and Learn Python Super Fast. He is also the founder of WebIPO, which was one of the first platforms for public offerings during the 1990s. As of this writing, he did not hold a position in any of the aforementioned securities.Investing through equity and real estate crowdfunding or asset tokenization requires a high degree of risk tolerance. Despite what individual companies may promise, there's always the chance of losing a portion, or the entirety, of your investment. These risks include:1) Greater chance of failure 2) Risk of fraudulent activity 3) Lack of liquidity 4) Economic downturns 5) Dearth of investor educationRead more: Private Investing Risks More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Invest in SapientX for AI Tech That Takes on Siri and Alexa appeared first on InvestorPlace.

  • Moody's

    Mitsubishi Corporation -- Moody's assigns Baa1 to Mitsubishi Corp's subordinated loan

    Moody's Japan K.K. has assigned a Baa1 rating to Mitsubishi Corporation's JPY160 billion subordinated term loan. The subordinated loan rating is positioned two notches below Mitsubishi's A2 senior unsecured rating, primarily because the obligation is deeply subordinated to other debt such that it would rank equal to preferred securities should the issuer decide to include the latter in its capital structure. Moody's expects the proceeds from the issuance will be used to refinance the bonds issued in June 2015, which will be called on their first call date.

  • Moody's

    Renault S.A. -- Moody's downgrades Renault's ratings to Ba2; Outlook negative

    Moody's Investors Service, ("Moody's") has today downgraded Renault S.A.'s (Renault) corporate family rating (CFR) to Ba2 from Ba1, the probability of default rating to Ba2-PD from Ba1-PD, the rating of the group's EMTN programme to (P)Ba2 from (P)Ba1 and the ratings on the group's senior unsecured notes to Ba2 from Ba1. The outlook changed to negative from ratings under review.

  • Moody's

    MC Finance & Consulting Asia Pte. Ltd. -- Moody's changes Mitsubishi Corp's outlook to negative; affirms A2 rating

    Moody's Japan K.K. has affirmed Mitsubishi Corporation's (Mitsubishi) A2 issuer and senior unsecured rating, (P)A2 senior unsecured shelf, (P)A2 and (P)P-1 of senior unsecured MTN program, Baa1 subordinated rating and P-1 Commercial Paper rating. At the same time, Moody's has changed the outlook on Mitsubishi to negative from stable.

  • Reuters

    Lebanon seeks foreign government-backed financing for power plants after default

    Lebanon has turned to global power plant manufacturers including General Electric to arrange financing to build badly needed electricity capacity, hoping favourable terms can be agreed with help from their governments. Energy Minister Raymond Ghajar told Reuters on Wednesday that Lebanon had modified its approach to the process since it defaulted on its sovereign debt in March, meaning it was unable to offer the kind of sovereign guarantee sought by investors.

  • Moody's

    MC Finance & Consulting Asia Pte. Ltd. -- Moody's announces completion of a periodic review of ratings of Mitsubishi Corporation

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Mitsubishi Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • Moody's

    LearJet Inc. -- Moody's downgrades Bombardier's ratings to Caa2; outlook negative

    Moody's Investors Service, ("Moody's") downgraded Bombardier Inc.'s ("Bombardier") Corporate Family Rating to Caa2 from B3, its Probability of Default Rating to Caa2-PD from B3-PD, its Senior Unsecured ratings to Caa3 from Caa1 and its Speculative Grade Liquidity Rating ("SGL") to SGL-3 from SGL-2. "Bombardier's ratings have been downgraded because COVID-19 will further stress Bombardier's weak capital structure, even if Bombardier sells its Transportation business in 2021 and reduces its debt by $4 billion" said Jamie Koutsoukis, Moody's analyst.

  • Moody's

    Connecticut Development Authority -- Moody's downgrades Bombardier's ratings to Caa2; outlook negative

    Moody's Investors Service, ("Moody's") downgraded Bombardier Inc.'s ("Bombardier") Corporate Family Rating to Caa2 from B3, its Probability of Default Rating to Caa2-PD from B3-PD, its Senior Unsecured ratings to Caa3 from Caa1 and its Speculative Grade Liquidity Rating ("SGL") to SGL-3 from SGL-2. "Bombardier's ratings have been downgraded because COVID-19 will further stress Bombardier's weak capital structure, even if Bombardier sells its Transportation business in 2021 and reduces its debt by $4 billion" said Jamie Koutsoukis, Moody's analyst.

  • Mitsubishi Corp could take Renault stake in alliance rejig: sources
    Reuters

    Mitsubishi Corp could take Renault stake in alliance rejig: sources

    Japan's Mitsubishi Corp <8058.T> could potentially invest in Renault <RENA.PA> as part of scenarios being discussed to reinforce an alliance between the French carmaker, Nissan and Mitsubishi Motors, two sources familiar with the matter said. French newspaper Les Echos reported earlier on Thursday, citing an unnamed executive familiar with the discussions and other unnamed sources, that Mitsubishi Corp, a conglomerate with a 20% holding in Mitsubishi Motors <7211.T>, could take a 10% stake in Renault. Renault declined to comment.

  • Moody's

    South Staffordshire Water Plc -- Moody's confirms South Staffordshire Water's Baa2 rating, stable outlook

    Moody's Investors Service, (Moody's) has today confirmed the Baa2 senior unsecured debt rating of South Staffordshire Water Plc (South Staffs Water). Today's rating confirmation reflects Moody's view that South Staffs Water has adequate financial flexibility to accommodate Ofwat's final determination while maintaining financial metrics in line with guidance for the current rating.

  • Moody's

    PHM Netherlands Midco B.V. -- Moody's affirms PHM Netherland's B3 CFR, rates acquisition financing; outlook is stable

    Moody's Investors Service, ("Moody's") affirmed the B3 Corporate Family Rating and B3-PD Probability of Default Rating of PHM Netherlands Midco B.V., doing business as Loparex. Moody's also affirmed all instrument ratings and assigned a B2 rating to the $207 million EURO equivalent proposed first lien term loan, which together with a $45 million HoldCo PIK loan will be used to reinance the equity bridge that funded the purchase of Infiana Group Gmbh and to combine both companies.

  • Trading house Mitsubishi voices concern over coronavirus impact
    Reuters

    Trading house Mitsubishi voices concern over coronavirus impact

    The death toll from the outbreak in China passed 490 on Wednesday as two U.S. airlines suspended flights to Hong Kong following the first fatality there and 10 cases were confirmed on a cruise ship quarantined in Japan. "In the short term, any impact on our business in China will be limited as our business in China is relatively small," CFO Kazuyuki Masu told a news conference.

  • Mitsubishi sees virus outbreak to affect global economy, resource prices - CFO
    Reuters

    Mitsubishi sees virus outbreak to affect global economy, resource prices - CFO

    Japanese trading house Mitsubishi Corp <8058.T> is closely watching the development of a spreading coronavirus in China as it will affect the global economy and prices of natural resources, its chief financial officer said on Wednesday. "In the short term, any impact on our business in China will be limited," Chief Financial Officer Kazuyuki Masu told an earnings news conference. "But we need to closely watch the development as the spreading outbreak will affect economic activities and natural resource markets," he said, adding that changes in commodity prices will have an impact on its earnings over the long term.

  • Nissan (NSANY) Hits 8-year Low as Top Executive Resigns
    Zacks

    Nissan (NSANY) Hits 8-year Low as Top Executive Resigns

    Nissan (NSANY) struggles to recover from the ousting of former chairman Carlos Ghosn, industry downturn, decade-low profits and strained ties with French partner Renault SA.

  • Moody's

    South Staffordshire Water Plc -- Moody's reviews South Staffs Water's Baa2 ratings for downgrade

    Moody's Investors Service (Moody's) has today placed on review for downgrade the Baa2 senior unsecured debt ratings of South Staffordshire Water Plc (South Staffs Water). The rating action follows publication by the Water Services Regulation Authority (Ofwat), the economic regulator for water companies in England and Wales, of its final determination for the forthcoming regulatory period. The determination includes a significant cut in allowed returns which, in conjunction with challenging performance targets and gaps between allowed and requested expenditure, will weigh on South Staffs Water's credit quality.

  • Moody's

    Renault S.A. -- Moody's announces completion of a periodic review of ratings of Renault S.A.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Renault S.A. Frankfurt am Main, December 12, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Renault S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • Russia's Rosneft seeks Japanese investors for giant Vostok oil development
    Reuters

    Russia's Rosneft seeks Japanese investors for giant Vostok oil development

    TOKYO/MOSCOW (Reuters) - Rosneft CEO Igor Sechin is seeking investment in the company's $157 billion Vostok oil project in the Russian Arctic from Japanese trading houses and oil companies, three sources told Reuters. Vostok Oil is a newly established company that was formed to unite Rosneft's projects in northern Russia, including the Lodochnoye, Tagulskoye and Suzunskoye oilfields, and other projects, including the Ermak Neftegaz venture with BP. Crude oil is expected to be shipped to Asia via the North Sea Route (NSR).

  • Oil drops on surprise U.S. crude build but tariff deadline eyed
    Reuters

    Oil drops on surprise U.S. crude build but tariff deadline eyed

    Oil prices dropped almost 1% on Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a fresh round of tariffs by Washington on Chinese goods would come into force on Sunday. U.S. crude stockpiles rose unexpectedly last week, while gasoline and distillate inventories jumped sharply higher, the Energy Information Administration said. At 447.9 million barrels, crude stocks were about 4% above the five-year average for this time of year, the EIA said.

  • Moody's

    Cameron LNG, LLC -- Moody's announces completion of a periodic review of ratings of Cameron LNG, LLC

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Cameron LNG, LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Japan's Mitsubishi beats Shell to buy Dutch power firm Eneco
    Reuters

    Japan's Mitsubishi beats Shell to buy Dutch power firm Eneco

    A group led by Japan's Mitsubishi Corp will buy Eneco in a deal valuing the Dutch energy firm at 4.1 billion euros ($4.52 billion), Eneco said on Monday, beating off rival bids from Shell and private equity firm KKR. Eneco, a company owned by 44 Dutch municipalities and with a strong focus on renewable energy, said it had been swayed by Mitsubishi's plans to allow the company to continue its strategy and retain its corporate identity. The deal, backed by Eneco's boards and a committee representing shareholders, must still be approved early next year by the Dutch company's municipal investors.

  • Reuters

    UPDATE 3-Japan's Mitsubishi beats Shell to buy Dutch power firm Eneco

    A group led by Japan's Mitsubishi Corp will buy Eneco in a deal valuing the Dutch energy firm at 4.1 billion euros ($4.52 billion), Eneco said on Monday, beating off rival bids from Shell and private equity firm KKR. Eneco, a company owned by 44 Dutch municipalities and with a strong focus on renewable energy, said it had been swayed by Mitsubishi's plans to allow the company to continue its strategy and retain its corporate identity.

  • Reuters

    Mitsubishi to buy Dutch power firm Eneco for 4.1 billion euros

    Eneco, the Dutch energy company owned by 44 cities, has agreed to be purchased by a consortium led by Japan's Mitsubishi Corp in a deal that values it at 4.1 billion euros ($4.52 billion), it said on Monday. Eneco said it had been swayed by Mitsubishi's plans to allow the company to continue its strategic plans to invest heavily in renewable energy. Under the terms of the deal, Mitsubishi will own 80% of Eneco and partner Chubu 20%.

  • Moody's

    Cameron LNG, LLC -- Moody's Assigns A3 Rating to Cameron LNG's Bond Issuance; Outlook Stable

    Moody's Investors Service ("Moody's") assigned an A3 rating on up to approximately $3.0 billion in new senior secured bonds due 2039 to be issued by Cameron LNG, LLC (Cameron or Project). The bond proceeds, depending on the size of the issuance, will be used to refinance all or a portion of the debt outstanding under the Project's $2.915 billion "uncovered" senior secured credit facility due 2030 (about $2.6 billion currently outstanding), to pay transaction and swap breakage costs. With respect to the undrawn portion of the bank facility that the bonds will replace, the proceeds will also be applied to fund a portion of the Project's remaining capital costs, which together with pre-completion cash flows and the undrawn portions of a $2.5 billion direct overseas investment loan provided by the Japan Bank for International Cooperation (JBIC) and a "covered" $2.0 billion loan provided by a syndicate of commercial banks insured by Nippon Export and Investment Insurance (NEXI), will be used to complete the Project.