Mitsubishi Electric Announces Dividend Policy for Fiscal 2023 (April 1, 2022 – March 31, 2023)

Rhea-AI Summary

Mitsubishi Electric Corporation (TOKYO:6503) has announced its dividend forecast for the fiscal year ending March 31, 2023. The company plans to pay a year-end dividend of 26 yen per share, marking a total annual dividend of 40 yen, which matches the previous year's payout. The interim dividend declared was 14 yen. The actual dividend will be confirmed during the Board of Directors meeting scheduled for May 2023. The announcement highlights the company's financial stability while cautioning that actual results may differ significantly from forecasts.

Positive

• Year-end dividend forecast of 26 yen per share, contributing to an annual total of 40 yen.
• Maintaining the same annual dividend payout as the previous fiscal year.

Negative

• No increase in the annual dividend despite stable performance.

TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO:6503) announced today its dividend forecast for the current fiscal year ending March 31, 2023 (fiscal 2023).

The full document on Mitsubishi Electric’s financial results can be viewed at the following link:
www.MitsubishiElectric.com/news

The company plans to pay a year-end dividend of 26 yen per share, as of the record date of March 31, 2023, with due consideration on performance and financial standing in fiscal 2023. The actual dividend will be declared at the Board of Directors meeting in May 2023.

Dividend per share	Interim dividend	Year-end dividend	Annual dividend
Fiscal 2023 (previous announcement as of Feb. 2, 2023)	14 yen (actual)	To be determined	To be determined
Fiscal 2023 (present announcement)	14 yen (actual)	26 yen	40 yen
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 in the full document.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20230324005111/en/

Investor Relations Inquiries

Corporate IR&SR Division

Mitsubishi Electric Corporation

Tel: +81-3-3218-2391

Cad.Irg@rk.MitsubishiElectric.co.jp

Media Inquiries

Sachiko Masuda

Public Relations Division

Mitsubishi Electric Corporation

Tel: +81-3-3218-2848

prd.gnews@nk.MitsubishiElectric.co.jp

www.MitsubishiElectric.com/news/

Source: Mitsubishi Electric Corporation

FAQ

What is the year-end dividend forecast for Mitsubishi Electric (MIELY) in fiscal 2023?

The year-end dividend forecast for Mitsubishi Electric (MIELY) is 26 yen per share.

What is the total annual dividend for Mitsubishi Electric (MIELY) for fiscal 2023?

The total annual dividend for Mitsubishi Electric (MIELY) for fiscal 2023 is 40 yen.

When will the actual dividend for Mitsubishi Electric (MIELY) be declared?

The actual dividend for Mitsubishi Electric (MIELY) will be declared at the Board of Directors meeting in May 2023.

How does the dividend forecast for Mitsubishi Electric (MIELY) compare to the previous year?

The dividend forecast for Mitsubishi Electric (MIELY) remains the same as the previous year, at 40 yen annually.