TIDMMEL
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 Public Relations Division
Finance Division
Mitsubishi Electric Corporation Mitsubishi Electric Corporation
Tel: +81-3-3218-2848
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 2023
TOKYO, September 22, 2022 - Mitsubishi Electric Corporation
(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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END
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