Mitsubishi
The Mitsubishi Group is a group of autonomous Japanese multinational companies in a variety of industries. The four main companies in the group are MUFG Bank (the largest bank in Japan), Mitsubishi Corporation, Mitsubishi Electric and Mitsubishi Heavy Industries.
Mitsubishi Electric Corporation, established on 15 January 1921, is a Japanese multinational electronics and electrical equipment manufacturing company headquartered in Tokyo, Japan. It is one of the core companies of Mitsubishi. The products from MELCO include elevators and escalators, high-end home appliances, factory automation systems, train systems, semiconductors, digital signage, and space satellites. In the United States, products are manufactured and sold by Mitsubishi Electric United States headquartered in Cypress, California.
Mitsubishi Heavy Industries, Ltd. is a Japanese multinational engineering, electrical equipment and electronics company headquartered in Tokyo, Japan. MHI is one of the core companies of the Mitsubishi Group and its automobile department is the predecessor of Mitsubishi Motors.
MHI's products include aerospace and automotive components, air conditioners, elevators, forklift trucks, hydraulic equipment, machine tools, missiles, power generation equipment, printing machines, ships, aircraft, railway systems, and space launch vehicles. Through its defense-related activities, it is the world's 23rd-largest defense contractor measured by 2011 defense revenues and the largest based in Japan.
Mitsubishi Electric has been at the leading edge of solar product innovation for over 40 years. Using our unique strengths as a manufacturer of premier electrical products, we have developed photovoltaic modules with exceptional performance and quality. Our photovoltaic systems are used throughout the world to bring clean, reliable energy to residences, business, power-generation plants, schools, factories and areas without access to electricity.
Berkshire Hathaway
Berkshire Hathaway is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The company wholly owns GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, Flight Safety International, Pampered Chef, Forest River and NetJets, and also owns 38.6% of Pilot Flying J; and significant minority holdings in public companies Kraft Heinz Company (26.7%), American Express (17.6%), Wells Fargo (9.9%), The Coca-Cola Company (9.32%), Bank of America (11.5%), Apple (5.4%)[ and Barrick Gold. Beginning in 2016, the company acquired large holdings in the major US airline carriers, namely United Airlines, Delta Air Lines, Southwest Airlines and American Airlines but sold all of its airline holdings early in 2020. Berkshire Hathaway has averaged an annual growth in book value of 19.0% to its shareholders since 1965 (compared to 9.7% from the S&P 500 with dividends included for the same period), while employing large amounts of capital, and minimal debt.
According to the Forbes Global 2000 list and formula, Berkshire Hathaway is the eighth largest public company in the world, the tenth largest conglomerate by revenue and the largest financial services company by revenue in the world.
As of August 2020, Berkshire's Class B stock is the seventh-largest component of the S&P 500 Index (which is based on free-float market capitalization) and the company is famous for having the most expensive share price in history with Class A shares costing around $300,000 each.
Mitsubishi Vs Berkshire Hathaway
Aviation and Aerospace
Mitsubishi Aircraft Corporation, abbreviated MITAC, is a Japanese company that develops, produces, sells and supports the Mitsubishi SpaceJet (formerly MRJ) passenger airliners. The manufacturing of the aircraft is carried out by parent company Mitsubishi Heavy Industries (MHI).
MITAC was established on 1 April 2008. MHI has a controlling 64% of the shares of the company, while Toyota Motor Corporation and Mitsubishi Corporation each owns 10% of the shares; other shareholders include Sumitomo Corporation and Mitsui & Co.
MITAC is headquartered at Nagoya Airfield in Komaki in Aichi Prefecture, adjacent to the MRJ production facilities. CEO Teruaki Kawai has indicated that the company will not produce aircraft larger than the MRJ, as MHI is a major supplier to Boeing (including manufacturing wings for the Boeing 787), and the group generally lacks the capability to compete with Airbus and Boeing.
Maiden flight of the MRJ90
In September 2009 Mitsubishi unveiled extensive design changes, using aluminum instead of carbon fiber composites for the aircraft's wings and wing box; the remaining composite parts will make up 10-15% of the airframe: the empennage. The cabin height is increased by 1.5 in (4 cm) to 80.5 in (204 cm) and the fuselage height is increased to 116.5 in (296 cm), giving a rounder cabin, wider and higher than its competition. The program was delayed six months with final design frozen in mid-2010, first flight delayed to the second quarter of 2012 and deliveries to early 2014. Maintenance intervals are 750 flight hours per A Check and 7,500 flight hours per C check.
A 100-seat stretched MRJ100 was studied in March 2011. As of June 2015 it was still under evaluation.
As the MRJ90 MTOW of 39.6 t is above the US regional carriers scope clause of 39 t, SkyWest and Trans States Holdings could convert their MRJ90 orders for 100 and 50, respectively, to the 1.4 m shorter MRJ70: 67% of the 223 firm MRJ90 orders. But the MRJ70 seats only 69 in two classes and attain the 76 seats scope close limit only in all-economy: Mitsubishi wants to increase seating within its fuselage to compete with the currently compliant Embraer E-175 and Bombardier CRJ900. Mitsubishi is working on a three-class, 76-seat design, with more premium seating than the MRJ70 but still within the scope-clause 86,000 lb (39 t) MTOW, to be unveiled at the June 2019 Paris Air Show. The reworked MRJ70 will be called the Space Jet M100, its type certificate is expected in 2022 and Mitsubishi considers U.S. production. Program cost is expected to reach ¥800 billion by the 2020 debut of the SpaceJet M90.
Berkshire Hathaway Inc., the multinational holding company controlled by celebrity investor Warren Buffet, has acquired Precision Castparts Corp. in an estimated $32-billion all-cash deal that reportedly will be the largest purchase to-date for the conglomerate. Accounting for the debt incurred by the buyer, the purchase is valued at $37.2 billion. Buffet reportedly claimed this purchase would be the final, major acquisition for Berkshire in the foreseeable future, though smaller deals may be possible.
Buying PCC gives Berkshire Hathaway a solid presence in the civilian aerospace manufacturing sector, one with a diverse range of capabilities and a scale of production that make it comparatively free from new competitors or emerging new technologies. Jet builders Airbus and Boeing, along with smaller producers like Bombardier, Embraer, and Mitsubishi, and their suppliers like GE Aviation, Rolls-Royce, and Pratt & Whitney, are managing thousands of orders to deliver new aircraft over the next decade. Not only is the acquisition Mr. Buffett’s most ambitious — just weeks from his 85th birthday — but it is also a standout in what has been a banner year for mergers, with more than $2.7 trillion in deals already announced. It is also a bet that Precision Castparts — whose turbine airfoils and valves are used by companies like Boeing and Airbus — will benefit from growing numbers in airline travel, and more demand from aircraft manufacturers.
Automotive
Mitsubishi Starion
Mitsubishi 3000GT VR-4
Mitsubishi Evo X
In early 2015, Berkshire Hathaway concluded the acquisition of Van Tuyl Group, the nation's largest privately owned automotive dealership group, consisting of 81 dealerships (now 85) and 100 automotive franchises in 10 states. Included in the transaction were an extensive array of services and products, including: web services; digital marketing; in-store process consultation; MPP Company, which provides a comprehensive selection of extended warranty services and other automotive protection plans; as well as auto auctions and collision center resources.
This provides a solid foundation from which to build, with an eye always toward being the best. As part of the Berkshire Hathaway family of businesses, Berkshire Hathaway Automotive is led by Chairman Larry Van Tuyl and CEO Jeff Rachor, as well as its experienced senior management team. With outstanding dealerships operated by local partners and excellent relations with the major auto manufacturers, Berkshire Hathaway Automotive delivers unusually high volumes at its numerous locations.
Berkshire Hathaway Automotive dealerships also offer an Omni-channel sales approach to car-buying, with tools and processes to facilitate your preferred method of buying. For buyers that favor a traditional dealership purchase experience, our product experts stand ready to assist through the initial research all the way through financing alternatives , ensuring that the best vehicle and terms are selected for every guest's specific lifestyle, family and budget. Conversely, customers preferring to initiate the sales process online, will find a variety of user-friendly digital retailing tools on every one of our dealer websites. Our flexible approach allows consumers to engage in any combination of online and face-to-face interaction.
In addition, Berkshire Hathaway Automotive affiliated dealerships provide state-of-the-art service centers with factory-trained technicians who participate in rigorous certification programs and ongoing training. Through the use of factory-authorized tools, diagnostic equipment and OEM parts, our service professionals will get you back on the road quickly, safely and affordably. Berkshire Hathaway Automotive is proud to offer industry-leading training and professional development to those who pursue career opportunities with us. We have built a strong culture centered on excellence and long term career paths. Our highly trained sales and service experts share a common objective to achieve and exceed customer expectations.
Berkshire Hathaway, a company that does a Texas-sized amount of business in Texas, including being the home state for BNSF Railway, had an unexpected bump in the road created by its 2015 acquisition of the Van Tuyl Group. Berkshire bought the auto dealership group for $4.1 billion after company CEO Larry Van Tuyl approached Berkshire in late-2014 and proposed the acquisition. Unfortunately for Berkshire, Texas state law prohibited owning dealerships if you manufacture vehicles, something Berkshire does through its wholly-owned Forest River, Inc., a leading manufacturer of RVs and small buses.
Van Tuyl Group, which was rechristened Berkshire Hathaway Automotive, ran afoul of the Texas Department of Motor Vehicles when in 2017 the Department decided to look at whether Berkshire Hathaway was violating state law and might be subject to fines. Berkshire’s in a number of interesting spaces when it comes to fueling EVs. As the EV market-share grows, so do the number of consumers that will be charging their vehicles at home.
When it comes to home charging, its utilities, including PacifiCorp, MidAmerican Energy and NV Energy generate and supply power in twelve states. And overseas, Berkshire’s Northern Power grid delivers electricity to 3.9 million homes and businesses in England. Berkshire also is a big player in the electricity transmission business. Its BHE U.S. Transmission owns over a thousand miles of transmission lines in the southern U.S. and California. In Canada, Berkshire’s Alta Link is the largest regulated transmission company in Alberta, supplying electricity to more than 85% of the population.
In October 2017, Berkshire took a 38.6 percent equity stake in Pilot Flying J, the largest operator of travel centers in North America. That stake will grow in 2023 when Berkshire will become the majority shareholder by acquiring an additional 41.4 percent equity. With 750 locations across the U.S. and Canada, and more than $20 billion in revenues, Pilot Flying J already plays a substantial role in fueling cars and commercial trucks. It’s also a natural fit for EV charging stations. And while EV ranges continue to grow, the need to charge your vehicle away from home is also growing.
The steep rise in valuations has kept Berkshire Hathaway Automotive mostly on the sidelines even as the Kerrigan Advisors’ Blue Sky Report showed that U.S. dealership buy/sell activity soared to record highs in 2015. The Report noted “activity by new entrants outpacing public company acquisitions by over four to one.” The Blue Sky Report showed that while the competition for auto dealerships was fierce in 2015, it did not favor the public companies, which in addition to Berkshire Automotive also includes CarMax and Penske Automotive Group.
Energy
Energy Management and Network Control Systems
Mitsubishi Electric contributes to society through technology in a wide range of power-related situations,
from power generation, transmission and distribution equipment and solutions to renewable energy and distributed energy sources.
Stator and Rotor Rewinding
Power generation system that enhances the value of electric power. Resilient energy infrastructure that operates seamlessly, even at times of emergency. Optimize energy use by utilizing ICT to realize interconnectivity. Mitsubishi Electric has been a leader in the world’s electrical industry since 1921. We have supplied approximately 3,000 highly efficient, reliable generators, and associated equipment.
We design, manufacture, install, and commission our entire product line throughout the world.We are proud to provide state of the art solutions for the power industry including life-extension, periodic inspections, and operational support utilizing our expertise in the power generation field.
Robotic inspection to enable easy interior inspection with rotor in situ.
- With a profile of 19.9mm, accurate inspection without generator rotor removal
- Accurate assessment of stator wedge tightness
- Visual inspection by high resolution camera
- EL-CID® testing for stator core
- Secure protection relay supported by Enhanced protection algorithms, Comprehensive self-diagnosis, Reliable hardware design and parts screened by MELCO parts certification system
- Advanced validation by Dynamic simulation system using Artificial power network
- Secure control system supported by Enhanced software, Comprehensive self-diagnosis, Reliable hardware design and parts screened by MELCO parts certification system
- User friendly HMI operation with software interlock for prevention of undesirable operation
- Interactive data maintenance tool for IEDs covering Substation Automation System
- Transient, frequency or voltage instability problems can be solved by Melco SPS's enough robustness and adaptiveness
- On-Line corrective control enable to maintain power transmission system stable including DER(Distributed Energy Resource) under Renewable Energy expansion
Through MidAmerican Energy and NV Energy, Berkshire Hathaway Energy distributes, sells and transports natural gas to retail and transportation natural gas customers in portions of Iowa, South Dakota, Illinois, Nebraska and Nevada. Through BHE Pipeline Group, Berkshire Hathaway Energy transported approximately 8% of the total natural gas consumed in the U.S. during 2018.
BHE Pipeline Group's operational practices and methane leak detection programs are designed to minimize the release of methane emissions. These leading practices resulted in the gas transmission pipelines’ combined leak rates, measured as a percentage of throughput, of 0.050% in 2018. We have been engaged in a voluntary industry ESG/Sustainability effort in conjunction with the American Gas Association and members of the financial community, focused on reporting key sustainability measures in a consistent and transparent manner.
Berkshire Hathaway Energy is growing its renewable energy portfolio and is leading the way to a sustainable energy future for our customers. As of December 31, 2018, only 9% of our overall net investment in property, plant and equipment was invested in coal generation assets, while 7% was invested in natural gas generation assets.
Berkshire Hathaway Energy is a leader in renewable energy.
Today, approximately 43% of our businesses’ owned and contracted generation capacity comes from renewable and non-carbon sources. MidAmerican Energy Company and PacifiCorp own the largest and second-largest portfolios, respectively, of wind-powered generating capacity in the U.S. among rate-regulated utilities. BHE Renewables owns and operates the Topaz and Solar Star projects, both of which are among the largest solar projects in the U.S.
As the energy debate continues, Berkshire Hathaway Energy companies are taking early action to protect the environment by:
- 1. Committing to invest $30 billion in renewable energy generation
- 2. Pursuing fossil-fueled generation efficiency improvement projects
- 3. Investing in new electricity transmission and distribution equipment to reduce the loss of kilowatts and improve reliability
- 4. Offering programs that empower our customers to conserve and manage their energy use, including energy efficiency incentives, energy assessments and smart metering
- 5. Working to avoid methane and sulfur hexafluoride releases from our gas and electricity transmission and distribution operations
The energy infrastructure that exists today – generation, transmission and distribution systems delivering reliable service – is evolving and adapting to meet the demands for greater renewable energy options, lower emissions, and growing commercial and consumer interest in alternative energy sources.
At Berkshire Hathaway Energy, we diversify our generation mix both by using renewable generation in our rate-regulated businesses, and by forming new businesses and ventures to create even greater flexibility in generation capacity and grid reliability.
Real Estate
Mitsubishi Estate Co., is one of the largest real-estate developers in Japan and is involved in property management and architecture research and design.
As of 2018, Mitsubishi Estate has the most valuable portfolio in the Japanese real estate industry, with a total value of approx. 7.4 trillion yen, much of which is located in the Marunouchi district of Tokyo. MEC owns Japan's second tallest building, the Yokohama Landmark Tower, as well as the Sanno Park Tower and Marunouchi Building in Tokyo. Mitsubishi Estate has its headquarters in the Ōtemachi Building in Ōtemachi, Chiyoda, Tokyo.[2] It is one of the core Mitsubishi companies.
The Mitsubishi Estate Group’s International Business began with the establishment of a company in the United States in the early 1970s. Its geographical coverage has since expanded to include the United Kingdom, mainland Europe, and Asia and Oceania. We have been strengthening our portfolio with both management properties predicated on returns from rental fees and properties for sale premised on raising their value under a capital recycling business model. We are promoting business expansion with respect to the real estate trading rules and business customs of each country. We seek to apply optimal business models for each market based on macroeconomic data and analysis of capital and real estate markets to identify the right time to enter. In order to help realize a sustainable world, the Mitsubishi Estate Group prioritizes the four key themes of Environment, Diversity & Inclusion, Innovation, and Resilience and strives to provide even more profound value to a wider range of stakeholders.
The mission of the Mitsubishi Estate Group is to contribute to the creation of a truly meaningful society by building attractive, environmentally sound communities where people can live, work and relax with contentment. In June 2018, in order to raise funds for the Tokyo Station Tokiwabashi Project currently underway in front of the Nihonbashi exit of Tokyo Station, Mitsubishi Estate issued the Mitsubishi Estate Green Bond, the first in Japan from an integrated real estate company. The Mitsubishi Estate Green Bond was issued based on a framework in accordance with the Green Bond Principles published by the International Capital Market Association (ICMA), and Mitsubishi Estate obtained an opinion on compliance with the principles from a third-party certification institution. The Mitsubishi Estate Green Bond also obtained the highest GA1 rating in an R&I Green Bond Assessment carried out by Rating and Investment Information, Inc. which evaluates the extent to which proceeds from the issuance of a green bond are used to invest in projects that contribute to solving environmental problems.
The Mitsubishi Estate Group believes that compliance does not simply involve legal compliance, but is also defined as adherence to internal rules and corporate ethics. Mitsubishi Estate's compliance system has its roots in the determination of its executives and employees to improve their awareness and reform the organization after the company was found in violation of some stipulations of the Commercial Code of Japan in 1997. The Code of Corporate Conduct was formulated to define the company's basic commitment to reform, and was further refined in 2002. Group-wide reform was implemented, with all employees sharing the sense of urgency. In July 2005, a Compliance Advisory Committee consisting of external experts was formed on a temporary basis to review the compliance system in light of the soil and groundwater contamination problems discovered at Osaka Amenity Park. This committee worked to improve the corporate culture, for example, by revising the Code of Conduct.
In April 2018, the Mitsubishi Estate Group Guidelines for Conduct were revised and the company stepped up its compliance practices to meet changing demands in society and an expansion in business areas. The current compliance promotion system is administered by the Risk Management & Compliance Committee and the Risk Management & Compliance Subcommittee. The Risk Management & Compliance Committee is chaired by the company president and comprises the executives from respective business fields and the Corporate Group and discusses issues concerning Group compliance and risk management. The Risk Management & Compliance Subcommittee, which comprises general managers, holds discussions before the CSR Committee meets. In addition, an executive director has been appointed by decision of the Board of Directors as the Executive Director of Compliance to take responsibility for overseeing and promoting compliance. All Mitsubishi Estate departments and Group companies are working closely with the Legal & Compliance Department, which serves as the executive committee, to pursue compliance in a coordinated manner.
Berkshire Hathaway Home Services is a residential real estate services company. The company provides real estate brokerage services, mortgage loan origination, franchising, title insurance/escrow and closing services, home warranties, property insurance, casualty insurance, and relocation services. The company's real estate brokerage division operates under 43 brand names, which are listed on its website. Berkshire Hathaway Home-Services was recognized as “Real Estate Agency Brand of the Year” and “Highest Ranked in Trust and Love” in the 32nd annual Harris Poll EquiTrendstudy.
This is the third time Berkshire Hathaway Home-Services has received Brand of the Year, receiving the award in 2014, 2018 and now for 2020. Berkshire Hathaway Home-Services received the highest numerical Equity Score and the highest numerical score relating to Trust and Love among Real Estate Agency brands included in the 2020 Harris Poll EquiTrendstudy, which is based on opinions of 39,100 U.S. consumers ages 15 and over surveyed online between January 1 and January 30, 2020. Your opinion may differ. “Highest Ranked” was determined by a pure ranking of a sample of Real Estate Agency brands.
Berkshire Hathaway Home-Services is a real estate brokerage franchise network designed for today’s real estate market. From first time homebuyers to high-end residential markets to middle-market communities to commercial real estate, our franchisees are down to earth, nimble and local experts. This network of members and agents wouldn’t be a part of the Berkshire Hathaway Home-Services network if they weren’t. When our name goes on a real estate sign, it means something. It’s a promise of trust, integrity, stability, longevity and the highest standards of work. And we don’t take that promise lightly. That’s why you’ll see these values reflected in every office, every agent, every interaction. Berkshire Hathaway Home-Services is the name buyers and sellers trust.
Berkshire Hathaway Home-Services is one of the world’s fastest-growing residential real estate brokerage franchise networks, with more than 50,000 real estate professionals, nearly 1,500 offices throughout the U.S., Canada, Mexico, Europe and the Middle East, and more than $119 billion in real estate sales volume. The network, among the few organizations entrusted to use the world-renowned Berkshire Hathaway name, brings to the real estate market a definitive mark of trust, integrity, stability and longevity.
Berkshire Hathaway Home-Services Alexander Chandler Realty began in 2007 with 1 listing and 2 agents. It now boasts over 100 agents and was the largest locally-owned brokerage in Fort Worth, Texas. Alexander Chandler was ranked the #3 Agent in the US in 2017, #2 in Texas and #1 in Fort Worth for two years. Alexander Chandler Realty has been a Small Business of the Year winner with the Fort Worth Chamber and won the Entrepreneur of Excellence Award.
Berkshire Hathaway Home-Services, part of the HSF Affiliates LLC family of real estate brokerage franchise networks announced today that Fort Worth-based Alexander Chandler Realty will join its network. Fort Worth’s largest locally owned independent brokerage, Alexander Chandler Realty will add one office and 105 agents to the network and will operate as Berkshire Hathaway Home-Services Alexander Chandler Realty.
On why they chose to join the network, Alexander Chandler, president of the brokerage said, “Berkshire Hathaway Home-Services is aligned with the most iconic name in financial security and stability in the world. The parent company is founded by the most successful individual investor in our lifetime. There is not another brand that evokes the image of trust, reliability and longevity. A person's home is the largest investment that most people make in their lives. Alexander Chandler Realty, especially during the largest crisis in 100 years, wanted to align itself with a brand that could help bring certainty in uncertain times.”
The Alexander Chandler Realty mission is to provide superior professional and ethical service to their clientele by merging traditional real estate techniques with the latest in modern technology. They offer full service real estate marketing and buyer representation services.
With their brand transition, Berkshire Hathaway Home-Services Alexander Chandler Realty agents gain access to Berkshire Hathaway Home-Services’ active referral and relocation networks, and its “FOREVER Cloud” technology suite, a powerful source for lead generation, marketing support, social media, video production/distribution and more. Berkshire Hathaway Home-Services has aligned with best-in-class technology platforms to deliver world-class support to its network members far into the future.
The brand also provides global listing syndication, professional training and ongoing education and the exclusive Luxury Collection marketing program for premier listings. Its Prestige Magazine showcases network members’ premium listings with a strong lineup of feature stories covering topics that appeal to high-end real estate consumers.
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