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Mitsubishi Elect. - Dividend Declaration

Fri, 21st Sep 2018 07:30

RNS Number : 5165B
Mitsubishi Electric Corporation
21 September 2018
 

 

 

 

FOR IMMEDIATE RELEASE

No. 3213

 

 

Investor Relations Inquiries

Media Inquiries

 

 

Investor Relations Group, Corporate Finance Division

Public Relations Division

Mitsubishi Electric Corporation

Mitsubishi Electric Corporation

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 2019

 

TOKYO, September 21, 2018 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today its dividend forecast for the first half (ending September 30, 2018) of the current fiscal year ending March 31, 2019 (fiscal 2019).

 

The company plans to pay an interim dividend of 14 yen per share, as of the record date of September 30, 2018, with due consideration on performance and financial standing in the first half of fiscal 2019. The actual dividend will be declared at the Board of Directors' meeting when financial results for the second quarter of fiscal 2019 are to be approved.

 

The year-end dividend, as of the record date of March 31, 2019, is currently undecided.

 

Dividend per share

Interim dividend

Year-end dividend

Annual dividend

Fiscal 2019

(previous announcement as of July 30, 2018)

To be determined

To be determined

To be determined

Fiscal 2019 (present announcement)

14 yen

To be determined

To be determined

Fiscal 2018 (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

The Mitsubishi Electric Group (hereafter "the Group") is involved in 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 extend 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 Group trusts and considers to be reasonable under the circumstances on the date of announcement, actual financial standings and 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 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 the Group'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 a decline in value of the Group's marketable securities and 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 Group's performance.

(5)  Fund raising

An increase in interest rates, the yen interest rate in particular, would increase the Group'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

The Group 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 Group.

(8)  Flaws or defects in products or services

The Group may incur losses or expenses resulting out of flaws or defects in products or services, and the lowered reputation of the quality of all its products and services may affect the entire Group.

(9)  Litigation and other legal proceedings

The 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 Group's performance.

(11) Business restructuring

The Group may record losses due to restructuring measures.

(12) Information security

The performance of the Group may be affected by computer virus infections, unauthorized access and other unpredictable incidents that lead to the loss or leakage of personal information held by the Group or confidential information regarding the Group's business such as its technology, sales and other operations.

(13) Natural disasters

The Group's operations, particularly manufacturing activities, may be affected by the occurrence of earthquakes, typhoons, tsunami, fires and other large-scale disasters.

(14) Other significant factors

The 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 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. 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 4,444.4 billion yen (in accordance with IFRS; US$ 41.9 billion*) in the fiscal year ended March 31, 2018. For more information visit:

www.MitsubishiElectric.com

*At an exchange rate of 106 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2018

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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