TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that the Mitsubishi Electric Group will donate a total of 50 million yen (approximately US$ 460,000) to aid victims and support recovery efforts following a series of earthquakes that has struck Kumamoto Prefecture and surrounding Kyusyu regions in southern Japan since April 14.
Mitsubishi Electric will also coordinate a matching gift program in Japan through the Mitsubishi Electric SOCIO-ROOTS Fund. Donations from its employees will be matched by the company through the charitable undertaking. Also, the Mitsubishi Electric Group plans to donate its products and other goods in response to the needs of the affected people and organizations.
The Mitsubishi Electric Group expresses its deepest sympathies to those affected by the disaster and extends its best wishes for a speedy recovery.
About Mitsubishi Electric SOCIO-ROOTS Fund
Established in 1992, the Mitsubishi Electric SOCIO-ROOTS Fund is open to Mitsubishi Electric employees throughout Japan. Each year, many employees take advantage of the fund to support various facilities and programs involved with social welfare.
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 4,323.0 billion yen (US$ 36.0 billion*) in the fiscal year ended March 31, 2015. For more information visit: http://www.MitsubishiElectric.com
*At an exchange rate of 120 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2015