US DOJ Investigation

16 Oct 2006 08:41

Mitsubishi Electric Corporation16 October 2006 Media Contact Travis WoodwardPublic Relations DepartmentMitsubishi Electric CorporationTel:+81-3-3218-3380Travis.Woodward@eb.MitsubishiElectric.co.jphttp://global.mitsubishielectric.com/news/ US DOJ INVESTIGATION OF SRAM SALES Tokyo, October 16, 2006 - Mitsubishi Electric Corporation (President and CEO:Setsuhiro Shimomura) announced today that Mitsubishi Electric & ElectronicsU.S.A. Inc. (MEUS), a subsidiary of Mitsubishi Electric Corporation, hasreceived a subpoena from the United States Department of Justice (DOJ) AntitrustDivision seeking information about the sales of Mitsubishi Electric staticrandom access memory (SRAM) in the United States. We are unable to predict the impact these actions will have on the issuesrelating to this matter including but not limited to a possible adverse affecton our business performance in the future. Therefore, at this time, we will notreassess the dividend policy and revised sales and earnings forecast for fiscalyear 2007 (April 1, 2006-March 31,2007) announced on September 19, 2006. In April 2003, this SRAM business was spun off and transferred to RenesasTechnology Corporation, one of the Mitsubishi Electric Corporation's affiliatedcompanies in which Mitsubishi Electric Corporation holds a 45% interest. 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 3,604 billion yen(US$ 30.8billion*) in the fiscal year ended March 31, 2006. For more informationvisit http://global.mitsubishielectric.com *At an exchange rate of 117 yen to the US dollar, the rate given by the TokyoForeign Exchange Market on March 31, 2006. This information is provided by RNS The company news service from the London Stock Exchange