REG - Mitsubishi Elect. - Statement re (Change in Oversight of IR and SR)

Mitsubishi ElectricAnnouncement

28/12/2022 07:00

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RNS Number : 0229L  Mitsubishi Electric Corporation  28 December 2022

 

 

 

 FOR IMMEDIATE RELEASE  No. 3568

                        Media Inquiries
                        Takeyoshi Komatsu
                        Public Relations Division
                        Mitsubishi Electric Corporation
                        Tel: +81-3-3218-2346
                        prd.gnews@nk.MitsubishiElectric.co.jp
                        (mailto:prd.gnews@nk.MitsubishiElectric.co.jp)
                        www.MitsubishiElectric.com/news/

 

Mitsubishi Electric Announces Changes in Oversight and Structure

of Investor Relations and Shareholder Relations

 

TOKYO, December 27, 2022 - Mitsubishi Electric Corporation
(http://www.mitsubishielectric.com/) (TOKYO: 6503) announced today that
responsibility for the functions of investor relations (IR) and shareholder
relations (SR) will be newly assigned to an Executive Officer, effective this
coming January 1, pursuant to a resolution passed during a regular meeting of
the Board of Directors on December 22. The company also announced a change in
the company's IR and SR organizational structure, effective on the same date.

 

So far, IR and SR have been managed by the company's Corporate Finance
Division and Corporate Administration Division, respectively, but these duties
will now be consolidated under an Executive Officer. The purposes are to
facilitate more comprehensive dialogue and information sharing with
stakeholders in regard to these functions, and also to better reflect
capital-market perspectives and opinions in the execution and oversight of IR
and SR management.

 

In this regard, the company will establish a new division, the Corporate IR
and SR Division, dedicated to dealing with IR and SR under the direct control
of the CEO.

 

Change in IR and SR Responsibility (effective January 1, 2023)

 New                                                                                               Current                                                                                          Name
 Title              Duties                                                                         Title              Duties
 Executive Officer  In charge of Auditing,                                                         Executive Officer  In charge of Auditing,                                                        Kunihiko Kaga

                    CSO (In charge of Corporate Strategic Planning, IR and SR, and Operations of                      CSO (In charge of Corporate Strategic Planning and Operations of Associated
                    Associated Companies), CTO (In charge of Technology Strategies)                                   Companies), CTO (In charge of Technology Strategies)

 

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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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