REG - Mitsubishi Elect. - Dividend Declaration

Mitsubishi ElectricAnnouncement

22/09/2022 11:30

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RNS Number : 3308A  Mitsubishi Electric Corporation  22 September 2022

 

 

 FOR IMMEDIATE RELEASE                                 No. 3548

 Investor Relations Inquiries                          Media Inquiries
                                                       Sachiko Masuda
 Investor Relations Group, Corporate Finance Division  Public Relations Division
 Mitsubishi Electric Corporation                       Mitsubishi Electric Corporation
                                                       Tel: +81-3-3218-2848
 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 the First Half of Fiscal 2023

 

TOKYO, September 22, 2022 - Mitsubishi Electric Corporation
(http://www.MitsubishiElectric.com/) (TOKYO: 6503) announced today its
dividend forecast for the first half (ending September 30, 2022) of the
current fiscal year ending March 31, 2023 (fiscal 2023).

 

The company plans to pay an interim dividend of 14 yen per share, as of the
record date of September 30, 2022, with due consideration on performance and
financial standing in the first half of fiscal 2023. The actual dividend will
be declared at the Board of Directors' meeting when financial results for the
second quarter of fiscal 2023 are to be approved.

 

The year-end dividend, as of the record date of March 31, 2023, is currently
undecided.

 

 Dividend per share                            Interim dividend  Year-end dividend  Annual dividend
 Fiscal 2023                                   To be determined  To be determined   To be determined

 (previous announcement as of July 28, 2022)
 Fiscal 2023 (present announcement)            14 yen            To be determined   To be determined
 Fiscal 2022 (actual)                          14 yen            26 yen             40 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 forecasts regarding the Mitsubishi
Electric Group, are based on assumptions considered to be reasonable under the
circumstances on the date of announcement, actual results may differ
significantly from forecasts.

The main factors materially affecting the expectations expressed herein
include but are not limited to the following:

 

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

(2)  Changes in foreign currency exchange rates

(3)  Changes in stock markets

(4)  Changes in the fund-raising environment

(5)  Changes in the supply and demand of products, as well as the material
procurement environment

(6)  Establishment of important patents, status of significant licenses and
disputes related to key patents

(7)  Litigation and other legal proceedings

(8)  Issues related to quality and defects in products or services

(9)  Laws, regulations and issues related to the global environment,
especially responses to climate change

(10)        Laws, regulations and issues related to human rights

(11)        Radical technological innovation, as well as the
development, manufacturing and time-to-market of products using new technology

(12)        Business restructuring

(13)        Information security incidents

(14)        Large-scale disasters, including earthquakes, tsunamis,
typhoons, volcanic eruptions and fires

(15)        Social, economic and political upheaval due to heightened
geopolitical risks, war, conflict, terrorism or other factors

(16)        Social, economic and political upheaval due to pandemics or
other factors

(17)        Important matters related to Mitsubishi Electric
Corporation's directors and executive officers, major shareholders, affiliated
companies and other stakeholders

 

###

 

About Mitsubishi Electric Corporation

With more than 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 4,476.7 billion yen (U.S.$ 36.7 billion*) in the
fiscal year ended March 31, 2022. For more information, please visit
www.MitsubishiElectric.com

*U.S. dollar amounts are translated from yen at the rate of \122=U.S.$1, the
approximate rate on the Tokyo Foreign Exchange Market on March 31, 2022

 

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