REG - Mitsubishi Elect. - Statement re (Improper QC Investigation Results)

Mitsubishi ElectricAnnouncement

23/12/2021 07:00

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RNS Number : 6061W  Mitsubishi Electric Corporation  23 December 2021

 

 

 

 FOR IMMEDIATE RELEASE  No. 3472

                        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/

 

Update on the Results of the Investigation into Improper Quality Control
Practices (Second Report)

 

TOKYO, December 23, 2021 - Mitsubishi Electric Corporation
(http://www.mitsubishielectric.com/)  (TOKYO: 6503) announces today receipt
of the Second Report by an Investigative Committee of external experts
(Chaired by Hiroshi Kimeda, Partner (Attorney-at-law), Nishimura & Asahi,
previously announced on July 2, 2021) as part of the investigation it has been
tasked with in relation to incidents involving quality-related improper
practice at Mitsubishi Electric.

 

The investigation into quality practices at all of the company's manufacturing
sites and plants (all 22 facilities) will continue. The company aims for the
investigation to be completed by April 2022 and will then proceed with
investigations into its group companies.

 

Mitsubishi Electric would like to reiterate its sincere apologies to all
customers, valued stakeholders, and broader society for the impact of these
incidents.

 

The company takes the findings and recommendations of the report very
seriously and is committing to work as one Mitsubishi Electric Group to both
prevent future recurrence and on reform so that the company can regain trust.

 

For information on measures taken by the company in response to the findings
of the Invesitgative Committee's report to prevent future recurrence, please
refer to the separate announcement made by the company "Update on
investigation into improper quality control practices and implementation of
reform roadmap (Second Report)" on December 23, 2021.

 

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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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