MEL.L Regulatory News (MEL)

17 Mar 2008 07:15

Mitsubishi Electric Corporation17 March 2008 MITSUBISHI ELECTRIC CORPORATION PUBLIC RELATIONS DIVISION 7-3, Marunouchi 2-chome, Chiyoda-ku, Tokyo, 100-8310 Japan FOR IMMEDIATE RELEASE No. 2430Investor Relations Inquiries: Media Contact:Corporate Finance Division Yurika FujimotoMitsubishi Electric Corporation Public Relations DivisionTel:+81-3-3218-2391 Mitsubishi Electric CorporationCad.Irg@rk.MitsubishiElectric.co.jp Tel:+81-3-3218-3380 prd.gnews@nk.MitsubishiElectric.co.jp http://global.mitsubishielectric.com/news/ MITSUBISHI ELECTRIC ANNOUNCES DIVIDEND POLICY FOR FISCAL 2008 (APRIL 1, 2007-MARCH 31, 2008) Tokyo, March 17, 2008 - Mitsubishi Electric Corporation (President and CEO:Setsuhiro Shimomura) announced today its dividend policy for the current fiscalyear ending March 31, 2008 (fiscal 2008). The actual dividend will be decided atthe board of directors' meeting when financial results for fiscal 2008 are to bedetermined. Mitsubishi Electric plans to pay a year-end dividend of 7 yen per share, a 1 yenincrease compared to the same period last year, resulting in an annual dividendof 13 yen (record date: March 31, 2008). Dividend per share Interim dividend Year-end dividend Annual dividendFiscal 2008 (previous announcement as of Oct.29, 2007) 6 yen (actual) To be determined To be determinedFiscal 2008 (present announcement) 6 yen (actual) 7 yen 13 yenFiscal 2007 (actual) 4 yen 6 yen 10 yen Cautionary Statement The expectation of operating results herein and any associated statement to bemade orally with respect to the Company's current plans, estimates, strategiesand beliefs and any other statements that are not historical facts are forward-looking statements. Words such as "expects", "anticipates", "plans", "believes","scheduled", "estimated", "targeted" along with any variations of these wordsand similar expressions are intended to identify forward-looking statementswhich include but are not limited to projections of revenues, earnings,performance and production. While the statements herein are based on certainassumptions and premises that the Company trusts and considers to be reasonableunder the circumstances to the date of announcement, you are requested to kindlytake note that actual operating results are subject to change due to any of thefactors as contemplated hereunder and/or any additional factor unforeseeable asof the date of this announcement. Such factors materially affecting theexpectations expressed herein shall include but are not limited to thefollowing: (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 may adversely affect mainly Mitsubishi Electric's Information and Communication Systems, Electronic Devices, and Home Appliances segments. In addition, an increase in material prices due to a worsening of material and component procurement conditions may adversely affect all of Mitsubishi Electric's operations. (5) Fund procurement An increase in interest rates, the yen interest rate in particular, would increase Mitsubishi Electric's interest expense. (6) Significant patent matters Important patent filings, licensing, copyrights and patent-related disputes may adversely affect related businesses. (7) Environmental matters We may appropriate funds for losses or increase allowances to respond to regulation trends or outbreaks of issues related to the environment. This may impact manufacturing and all corporate activities of the Mitsubishi Electric Group. (8) Quality of products and services We may appropriate funds for losses from defective services or products, 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 performance mainly in Mitsubishi Electric's Information and Communication Systems, Electronic Devices, and Home Appliances segments. (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 or other factors. About Mitsubishi Electric With over 80 years of experience in providing reliable, high-quality products toboth corporate clients and general consumers all over the world, MitsubishiElectric Corporation (TSE:6503) is a recognized world leader in the manufacture,marketing and sales of electrical and electronic equipment used in informationprocessing and communications, space development and satellite communications,consumer electronics, industrial technology, energy, transportation and buildingequipment. The company recorded consolidated group sales of 3,855.7 billion yen(US$32.7 billion*) in the fiscal year ended March 31, 2007. For more information visit http://global.mitsubishielectric.com *At an exchange rate of 118 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2007 ### This information is provided by RNS The company news service from the London Stock Exchange