Dividend Forecast

19 Sep 2007 13:00

Mitsubishi Electric Corporation19 September 2007 MITSUBISHI ELECTRIC CORPORATION PUBLIC RELATIONS DEPARTMENT 7-3, Marunouchi 2-chome, Chiyoda-ku, Tokyo, 100-8310 Japan FOR IMMEDIATE RELEASE No. 2416 Investor Relations Inquiries: Media Contact: Corporate Finance Division Public Relations DivisionMitsubishi Electric Corporation Mitsubishi Electric CorporationTel: +81-3-3218-2391 Tel: +81-3-3218-3380Cad.Irg@rk.MitsubishiElectric.co.jp prd.gnews@nk.MitsubishiElectric.co.jp http://global.mitsubishielectric.com/news/ MITSUBISHI ELECTRIC ANNOUNCES DIVIDEND FORECAST FOR THE FIRST HALF OF FISCAL 2008 Tokyo, Sept. 19, 2007 - Mitsubishi Electric Corporation (President and CEO:Setsuhiro Shimomura) announced today its dividend forecast for the first halfending September 30, 2007, of the current fiscal year ending March 31, 2008(fiscal 2008). Mitsubishi Electric plans to pay an interim dividend of 6 yen per share (recorddate: September 30, 2007), with the year-end dividend undecided. Dividend forecast for the first half of fiscal 2008 (ending September 30,2007) Interim dividend Dividend per share 6 yen Reference: Dividend for fiscal 2007 Interim dividend Year-end dividend Annual dividend Dividend per share 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 areforward-looking statements. Words such as "expects", "anticipates", "plans","believes", "scheduled", "estimated", "targeted" along with any variations ofthese words and similar expressions are intended to identify forward-lookingstatements which include but are not limited to projections of revenues,earnings, performance and production. While the statements herein are based oncertain assumptions and premises that the Company trusts and considers to bereasonable under the circumstances to the date of announcement, you arerequested to kindly take note that actual operating results are subject tochange due to any of the factors as contemplated hereunder and/or any additionalfactor unforeseeable as of the date of this announcement. Such factorsmaterially affecting the expectations expressed herein shall include but are notlimited to the following: (1) Important trends The Mitsubishi Electric Group's operations may be affected by trends in theglobal economy, social conditions, laws, tax codes, and regulations. (2) Foreign currency exchange rates Fluctuations in foreign currency markets may affect Mitsubishi Electric's salesof exported products and purchases of imported materials that are denominated inU.S. dollars or euros, as well as its Asian production bases' sales of exportedproducts and purchases of imported materials that are denominated in foreigncurrencies. (3) Stock markets A fall in stock market prices may cause Mitsubishi Electric to recorddevaluation losses on marketable securities, or cause an increase in retirementbenefit obligations in accordance with a decline in the fair value of pensionassets. (4) Supply/demand balance for products and procurement conditions formaterials and components A decline in prices and shipments due to changes in the supply/demand balancemay adversely affect mainly Mitsubishi Electric's Information and CommunicationSystems, Electronic Devices, and Home Appliances segments. In addition, anincrease in material prices due to a worsening of material and componentprocurement conditions may adversely affect all of Mitsubishi Electric'soperations. (5) Fund procurement An increase in interest rates, the yen interest rate in particular, wouldincrease Mitsubishi Electric's interest expense. (6) Significant patent matters Important patent filings, licensing, copyrights and patent-related disputes mayadversely affect related businesses. (7) Environmental matters We may appropriate funds for losses or increase allowances to respond toregulation trends or outbreaks of issues related to the environment. This mayimpact manufacturing and all corporate activities of the Mitsubishi ElectricGroup. (8) Quality of products and services We may appropriate funds for losses from defective services or products, and thelowered reputation of the quality of all our products and services may affectthe entire Mitsubishi Electric group. (9) Litigation and other legal proceedings The Mitsubishi Electric Group's operations may be affected by lawsuits orother 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 performancemainly 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 manufacturingactivities, 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 ofsocial 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$ 32.7billion*) in the fiscal year ended March 31, 2007. For more informationvisit http://global.mitsubishielectric.com *At an exchange rate of 118 yen to the US dollar, the rate given by the TokyoForeign Exchange Market on March 31, 2007 ### This information is provided by RNS The company news service from the London Stock Exchange