TOKYO (Business Wire) -- Mitsubishi Electric Corporation (President and CEO: Setsuhiro Shimomura) announced today its dividend policy for the first half of the current fiscal year ending March 31, 2009 (fiscal 2009). The company plans to pay an interim dividend of 6 yen per share (record date: September 30, 2008), with the year-end dividend undecided. The actual interim dividend will be decided at the board of directors' meeting when financial results for the second quarter of fiscal 2009 are to be determined.
Dividend per share Interim Year-end Annual
dividend dividend dividend
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Fiscal 2009 (previous announcement To be To be To be
as of Jul. 28, 2008) determined determined determined
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Fiscal 2009 (present announcement) 6 yen To be To be
(plan) determined determined
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Fiscal 2008 (actual) 6 yen 7 yen 13 yen
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Cautionary Statement
The expectation of operating results herein and any associated statement to be made orally with respect to the Company's current plans, estimates, strategies and 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 words and similar expressions are intended to identify forward-looking statements which include but are not limited to projections of revenues, earnings, performance and production. While the statements herein are based on certain assumptions and premises that the Company trusts and considers to be reasonable under the circumstances to the date of announcement, you are requested to kindly take note that actual 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 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 to both corporate clients and general consumers all over the world, 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. The company recorded consolidated group sales of 4,049.8 billion yen (US$ 40.5 billion*) in the fiscal year ended March 31, 2008. For more information visit http://global.mitsubishielectric.com.
*At an exchange rate of 100 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2008.
Mitsubishi Electric Corporation
Investor Relations Inquiries:
Corporate Finance Division, +81-3-3218-2391
Cad.Irg@rk.MitsubishiElectric.co.jp
Media Contact:
Yurika Fujimoto, +81-3-3218-3380
Public Relations Division
prd.gnews@nk.MitsubishiElectric.co.jp
http://global.mitsubishielectric.com/news/
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