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Trades about 66% below its sector, cheaper than its peers on earnings.
Mitsuba Corporation specializes in the development, manufacturing, and sale of electronic components primarily for the automotive and motorcycle industries. Its extensive range of vehicular electrical solutions for automobiles encompasses critical systems like front and rear windshield wipers, motors for power windows, seats, and roofs, as well as power sliding door mechanisms. The company further supplies starter and cooling fan motors, intelligent dynamic actuators, electric oil pumps, electronic throttle controls, and motors for electric power steering and servo brakes. For the motorcycle sector, Mitsuba provides essential electrical parts such as starter motors, AC generators, combined ACG starters, fuel pump modules, starter relays, and transmission motors. Their offerings also include LED turn signal and license plate illumination systems, advanced EV drive systems (featuring low-profile designs and EV Ecorun motors), and contributions to solar car technologies. Established in 1946, the company initially operated as Mitsuba Electric Mfg. Co., Ltd. before adopting its current name, Mitsuba Corporation, in October 1996. Its corporate headquarters are situated in Kiryu, Japan, with a significant global presence across Japan, China, other Asian nations, the Americas, and Europe.
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