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Mitsubishi Electric Announces Dividend Policy for the First Half of Fiscal 2014

  Mitsubishi Electric Announces Dividend Policy for the First Half of Fiscal
  2014

Business Wire

TOKYO -- September 24, 2013

Mitsubishi Electric Corporation (TOKYO:6503) announced today its dividend
forecast for the first half (ending September 30, 2013) of the current fiscal
year ending March 31, 2014 (fiscal 2014).

The company plans to pay an interim dividend of 6 yen per share, as of the
record date of September 30, 2013, with due consideration on performance and
financial standing in the first half of Fiscal 2014. The actual dividend will
be declared at the Board of Directors’ meeting when financial results for the
second quarter of fiscal 2014 are to be approved. The year-end dividends are
as yet undecided.

                                                         
Dividend per share              Interim        Year-end     Annual dividend
                                 dividend        dividend
Fiscal 2014
                                 To be           To be         To be
(previous announcement as of     determined      determined    determined
July 31, 2013)
Fiscal 2014 (present             6 yen (plan)    To be         To be
announcement)                                    determined    determined
Fiscal 2013 (actual)            5 yen          6 yen        11 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 on the next page.


Cautionary Statement

The Mitsubishi Electric Group is involved in the development, manufacture and
sales in a wide range of fields including Energy and Electric Systems,
Industrial Automation Systems, Information and Communication Systems,
Electronic Devices and Home Appliances, and these operations stretch out
globally, not only inside Japan, but also in North America, Europe, Asia and
other regions. While the statements herein are based on certain assumptions
and premises that the Company trusts and considers to be reasonable under the
circumstances to the date of announcement, actual operating results are
subject to change due to any of the factors as contemplated hereunder and/or
any additional factor unforeseeable as of the date of this announcement. Such
factors materially affecting the expectations expressed herein shall include
but are not limited to the following:

     
(1)    Important trends
       The Mitsubishi Electric Group’s operations may be affected by trends in
       the global economy, social conditions, laws, tax codes, and
       regulations.
(2)    Foreign currency exchange rates
       Fluctuations in foreign currency markets may affect Mitsubishi
       Electric’s sales of exported products and purchases of imported
       materials that are denominated in U.S. dollars or euros, as well as its
       Asian production bases’ sales of exported products and purchases of
       imported materials that are denominated in foreign currencies.
(3)    Stock markets
       A fall in stock market prices may cause Mitsubishi Electric to record
       devaluation losses on marketable securities, or cause an increase in
       retirement benefit obligations in accordance with a decline in the fair
       value of pension assets.
(4)    Supply/demand balance for products and procurement conditions for
       materials and components
       A decline in prices and shipments due to changes in the supply/demand
       balance, as well as an increase in material prices due to a worsening
       of material and component procurement conditions may adversely affect
       the Mitsubishi Electric Group’s performance.
(5)    Fund raising
       An increase in interest rates, the yen interest rate in particular,
       would increase Mitsubishi Electric’s interest expenses.
(6)    Significant patent matters
       Important patent filings, licensing, copyrights and patent-related
       disputes may adversely affect related businesses.
(7)    Environmental legislation or relevant issues
       We may incur losses or expenses owing to changes in environmental
       legislation or the occurrence of environmental issues. Such changes in
       legislation or the occurrence of environmental issues may also impact
       manufacturing and all corporate activities of the Mitsubishi Electric
       Group.
(8)    Flaws or defects in products or services
       We may incur losses or expenses resulting out of flaws or defects in
       products or services, and the lowered reputation of the quality of all
       our products and services may affect the entire Mitsubishi Electric
       group.
(9)    Litigation and other legal proceedings
       The Mitsubishi Electric Group’s operations may be affected by lawsuits
       or other legal proceedings against Mitsubishi Electric, its
       subsidiaries and/or equity-method affiliated companies.
(10)   Disruptive changes
       Disruptive changes in technology, development of products using new
       technology, timing of production, and market introduction may adversely
       affect the Mitsubishi Electric Group’s performance.
(11)   Business restructuring
       The Mitsubishi Electric Group may record losses due to restructuring
       measures.
(12)   Natural disasters
       The Mitsubishi Electric Group’s operations, particularly manufacturing
       activities, may be affected by the occurrence of earthquakes, typhoons,
       tsunami, fires and other large-scale disasters.
(13)   Other significant factors
       The Mitsubishi Electric Group’s operations may be affected by the
       outbreak of social or political upheaval due to terrorism, war,
       pandemic by new strains of influenza and other diseases, or other
       factors.
       

About Mitsubishi Electric Corporation

With over 90 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. Embracing the spirit of its corporate
statement, Changes for the Better, and its environmental statement, Eco
Changes, Mitsubishi Electric endeavors to be a global, leading green company,
enriching society with technology. The company recorded consolidated group
sales of 3,567.1 billion yen (US$ 37.9 billion*) in the fiscal year ended
March 31, 2013. For more information visit http://www.MitsubishiElectric.com
*At an exchange rate of 94 yen to the US dollar, the rate given by the Tokyo
Foreign Exchange Market on March 31, 2013

Contact:

Mitsubishi Electric Corporation
Investor Relations Inquiries
Corporate Finance Division
Tel: +81-3-3218-2391
Cad.Irg@rk.MitsubishiElectric.co.jp
or
Media Inquiries
Kazuchika Ozaki, +81-3-3218-2841
Public Relations Division
prd.gnews@nk.MitsubishiElectric.co.jp
http://www.MitsubishiElectric.com/news/
 
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