TIDMMEL
RNS Number : 1393A
Mitsubishi Electric Corporation
25 September 2020
FOR IMMEDIATE RELEASE No. 3376
Investor Relations Inquiries Media Inquiries
Investor Relations Group, Corporate Public Relations Division
Finance Division
Mitsubishi Electric Corporation Mitsubishi Electric Corporation
Cad.Irg@rk.MitsubishiElectric.co.jp prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/
Mitsubishi Electric Announces Dividend Policy
for the First Half of Fiscal 2021
TOKYO, September 25, 2020 - Mitsubishi Electric Corporation
(TOKYO: 6503) announced today its dividend forecast for the first
half (ending September 30, 2020) of the current fiscal year ending
March 31, 2021 (fiscal 2021).
The company plans to pay an interim dividend of 10 yen per
share, as of the record date of September 30, 2020, with due
consideration on performance and financial standing in the first
half of fiscal 2021. The actual dividend will be declared at the
Board of Directors' meeting when financial results for the second
quarter of fiscal 2021 are to be approved.
The year-end dividend, as of the record date of March 31, 2021,
is currently undecided.
Dividend per share Interim dividend Year-end dividend Annual dividend
=================================== ================= ================== =================
Fiscal 2021 To be determined To be determined To be determined
(previous announcement as
of July 30, 2020)
----------------- ------------------ -----------------
Fiscal 2021 (present announcement) 10 yen To be determined To be determined
----------------------------------- ----------------- ------------------ -----------------
Fiscal 2020 (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 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 nearly 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 corporate statement, "Changes for the Better," and
environmental statement, "Eco Changes." The company recorded a
revenue of 4,462.5 billion yen (U.S.$ 40.9 billion*) in the fiscal
year ended March 31, 2020. For more information, please visit
www.MitsubishiElectric.com
*U.S. dollar amounts are translated from yen at the rate of
109=U.S.$1, the approximate rate on the Tokyo Foreign Exchange
Market on March 31, 2020
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