REG - Mitsubishi Elect. - Dividend Declaration

Mitsubishi ElectricAnnouncement

25/03/2022 07:16

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RNS Number : 0353G  Mitsubishi Electric Corporation  25 March 2022

 

 

 

 FOR IMMEDIATE RELEASE                                 No. 3503

 Investor Relations Inquiries                          Media Inquiries

 Investor Relations Group, Corporate Finance Division  Public Relations Division
 Mitsubishi Electric Corporation                       Mitsubishi Electric Corporation

 Cad.Irg@rk.MitsubishiElectric.co.jp                   prd.gnews@nk.MitsubishiElectric.co.jp
                                                       (mailto:prd.gnews@nk.MitsubishiElectric.co.jp)
                                                       www.MitsubishiElectric.com/news/

 

Mitsubishi Electric Announces Dividend Policy for Fiscal 2022

（April 1, 2021 - March 31, 2022）

 

TOKYO, March 25, 2022 - Mitsubishi Electric Corporation
(http://www.MitsubishiElectric.com/) (TOKYO: 6503) announced today its
dividend forecast for the current fiscal year ending March 31, 2022 (fiscal
2022).

 

The company plans to pay a year-end dividend of 26 yen per share, as of the
record date of March 31, 2022, with due consideration on performance and
financial standing in fiscal 2022. The actual dividend will be declared at the
Board of Directors meeting in May 2022.

 

 Dividend per share                           Interim dividend  Year-end dividend  Annual dividend
 Fiscal 2022                                  14 yen (actual)   To be determined   To be determined

 (previous announcement as of Feb. 2, 2022)
 Fiscal 2022 (present announcement)           14 yen (actual)   26 yen             40 yen
 Fiscal 2021 (actual)                         10 yen            26 yen             36 yen

 

 Note: The forecast above is based on assumptions deemed reasonable by the
 company at the present time, and actual results may differ significantly from
 forecasts. Please refer to the cautionary statement below.

 

 

Cautionary Statement

While the statements herein including the forecast of the Mitsubishi Electric
Group are based on assumptions the Group considers to be reasonable under the
circumstances on the date of announcement, actual results may differ
significantly from forecasts. Such factors materially affecting the
expectations expressed herein shall include but are not limited to the
following:

 

(1)  Any change in worldwide economic and social conditions, as well as laws,
regulations, taxation and other legislation

(2)  Changes in foreign currency exchange rates, especially JPY/U.S. dollar
rates

(3)  Changes in stock markets, especially in Japan

(4)  Changes in balance of supply and demand of products that may affect
prices and volume, as well as material procurement conditions

(5)  Changes in the ability to fund raising, especially in Japan

(6)  Uncertainties relating to patents, licenses and other intellectual
property, including disputes involving patent infringement

(7)  New environmental regulations or the arising of environmental issues

(8)  Defects in products or services

(9)  Litigation and legal proceedings brought and contemplated against the
Company or its subsidiaries and affiliates that may adversely affect
operations or finances

(10)        Technological change, the development of products using new
technology, manufacturing and time-to-market

(11)        Business restructuring

(12)        Incidents related to information security

(13)        Large-scale disasters including earthquakes, typhoons,
tsunami, fires and others

(14)        Social or political upheaval caused by terrorism, war,
pandemics, or other factors

(15)        Important matters related to the directors and executive
officers, major shareholders and affiliated companies of Mitsubishi Electric
Corporation

 

###

 

About Mitsubishi Electric Corporation

With 100 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. Mitsubishi Electric enriches society
with technology in the spirit of its "Changes for the Better." The company
recorded a revenue of 4,191.4 billion yen (U.S.$ 37.8 billion*) in the fiscal
year ended March 31, 2021. For more information, please visit
www.MitsubishiElectric.com

*U.S. dollar amounts are translated from yen at the rate of \111=U.S.$1, the
approximate rate on the Tokyo Foreign Exchange Market on March 31, 2021

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