TIDMMEL
RNS Number : 3171T
Mitsubishi Electric Corporation
24 March 2021
FOR IMMEDIATE RELEASE No. 3405
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 Fiscal
2021
April 1, 2020 - March 31, 2021
TOKYO, March 24, 2021 - Mitsubishi Electric Corporation (TOKYO:
6503) announced today its dividend forecast for the current fiscal
year ending March 31, 2021 (fiscal 2021).
The company plans to pay a year-end dividend of 26 yen per
share, as of the record date of March 31, 2021, with due
consideration on performance and financial standing in fiscal 2021.
The actual dividend will be declared at the Board of Directors'
meeting when financial results for fiscal 2021 are to be
approved.
Dividend per share Interim dividend Year-end dividend Annual dividend
=================================== ================= ================== =================
Fiscal 2021 10 yen (actual) To be determined To be determined
(previous announcement as
of Feb. 2, 2021)
----------------- ------------------ -----------------
Fiscal 2021 (present announcement) 10 yen (actual) 26 yen 36 yen
----------------------------------- ----------------- ------------------ -----------------
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 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 4,462.5 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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END
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