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6503 Mitsubishi Electric News Story

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REG - Mitsubishi Elect. - 3rd Quarter Results <Origin Href="QuoteRef">6503.T</Origin> - Part 2

- Part 2: For the preceding part double click  ID:nRSB7582Da 

tax codes and regulations. 
 
(2)  Foreign currency exchange rates 
 
Fluctuations in foreign currency markets may affect the Group's sales of
exported products and purchases of imported materials that are denominated in
U.S. dollars or euros, as well as its Asian production bases' sales of
exported products and purchases of imported materials that are denominated in
foreign currencies. 
 
(3)  Stock markets 
 
A fall in stock market prices may cause the Group to record devaluation losses
on marketable securities, or cause an increase in retirement benefit
obligations in accordance with a decline in the fair value of pension assets. 
 
(4)  Supply/demand balance for products and procurement conditions for
materials and components 
 
A decline in prices and shipments due to changes in the supply/demand balance,
as well as an increase in material prices due to a worsening of material and
component procurement conditions, may adversely affect the Group's
performance. 
 
(5)  Fund raising 
 
An increase in interest rates, the yen interest rate in particular, would
increase the Group's interest expenses. 
 
(6)  Significant patent matters 
 
Important patent filings, licensing, copyrights and patent-related disputes
may adversely affect related businesses. 
 
(7)  Environmental legislation or relevant issues 
 
The Group may incur losses or expenses owing to changes in environmental
legislation or the occurrence of environmental issues. Such changes in
legislation or the occurrence of environmental issues may also impact
manufacturing and all corporate activities of the Group. 
 
(8)  Flaws or defects in products or services 
 
The Group may incur losses or expenses resulting out of flaws or defects in
products or services, and the lowered reputation of the quality of all its
products and services may affect the entire Group. 
 
(9)  Litigation and other legal proceedings 
 
The Group's operations may be affected by lawsuits or other legal proceedings
against Mitsubishi Electric, its subsidiaries and/or equity-method affiliated
companies. 
 
(10) Disruptive changes 
 
Disruptive changes in technology, development of products using new
technology, timing of production and market introduction may adversely affect
the Group's performance. 
 
(11) Business restructuring 
 
The Group may record losses due to restructuring measures. 
 
(12) Information security 
 
The performance of the Group may be affected by computer virus infections,
unauthorized access and other unpredictable incidents that lead to the loss or
leakage of personal information held by the Group or confidential information
regarding the Group's business such as its technology, sales and other
operations. 
 
(13) Natural disasters 
 
The Group's operations, particularly manufacturing activities, may be affected
by the occurrence of earthquakes, typhoons, tsunami, fires and other
large-scale disasters. 
 
(14) Other significant factors 
 
The Group's operations may be affected by the outbreak of social or political
upheaval due to terrorism, war, pandemic by new strains of influenza and other
diseases, or other factors. 
 
Notes 
 
1. Change in the accounting policy 
 
On April 1, 2017, the Company adopted Accounting Standards Update 2015-17
"Balance Sheet Classification of Deferred Taxes" issued by the Financial
Accounting Standards Board. To reflect this adoption, all deferred tax assets
and liabilities have been classified as noncurrent in the consolidated balance
sheets and subsequently, deferred tax assets and liabilities in the same
tax-paying component or tax jurisdiction were offset. The consolidated balance
sheet as of March 31, 2017 has been reclassified to reflect this adoption and
accordingly, deferred tax assets previously included in 'Prepaid expenses and
other current assets' and deferred tax liabilities previously included in
'Other liabilities' have been reclassified as 'Other assets'. 
 
### 
 
About Mitsubishi Electric Corporation 
 
With over 90 years of experience in providing reliable, high-quality products,
Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in
the manufacture, marketing and sales of electrical and electronic equipment
used in information processing and communications, space development and
satellite communications, consumer electronics, industrial technology, energy,
transportation and building equipment. Embracing the spirit of its corporate
statement, Changes for the Better, and its environmental statement, Eco
Changes, Mitsubishi Electric endeavors to be a global, leading green company,
enriching society with technology. The company recorded consolidated group
sales of 4,238.6 billion yen (US$ 37.8 billion*) in the fiscal year ended
March 31, 2017. For more information visit: 
 
http://www.MitsubishiElectric.com 
 
*At an exchange rate of 112 yen to the US dollar, the rate given by the Tokyo
Foreign Exchange Market on March 31, 2017 
 
Click on, or paste the following link into your web browser, to view the
associated PDF document. 
 
http://www.rns-pdf.londonstockexchange.com/rns/7582D_-2018-2-2.pdf 
 
This information is provided by RNS
The company news service from the London Stock Exchange

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