Mitsubishi Electric Announces Dividend Policy for the First Half of Fiscal 2021

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today its dividend forecast for the first half (ending September 30, 2020) of the current fiscal year ending March 31, 2021 (fiscal 2021).

The company plans to pay an interim dividend of 10 yen per share, as of the record date of September 30, 2020, with due consideration on performance and financial standing in the first half of fiscal 2021. The actual dividend will be declared at the Board of Directors’ meeting when financial results for the second quarter of fiscal 2021 are to be approved.

The year-end dividend, as of the record date of March 31, 2021, is currently undecided.

Dividend per share	Interim dividend	Year-end dividend	Annual dividend
Fiscal 2021 (previous announcement as of July 30, 2020)	To be determined	To be determined	To be determined
Fiscal 2021 (present announcement)	10 yen	To be determined	To be determined
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.

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About Mitsubishi Electric Corporation

With nearly 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 corporate statement, “Changes for the Better,” and environmental statement, “Eco Changes.” 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