|[March 11, 2014]
Mitsubishi Electric's SOCIO-ROOTS Donations Surpass One Billion Yen
TOKYO --(Business Wire)--
Electric Corporation (TOKYO: 6503) announced today that the
Mitsubishi (News - Alert) Electric SOCIO-ROOTS Fund, a charitable undertaking in which
the company matches employee donations, has surpassed one billion yen,
or about 10 million USD, in cumulative donations over the 22-year life
of the fund.
The Mitsubishi Electric (News - Alert) SOCIO-ROOTS Fund, the company's signature
initiative in the field of social welfare, was established in 1992 as
one of Japan's first matching funds. Open to all company personnel in
Japan, it has encouraged employees nationwide to help support activities
rooted in local communities. To date, the fund has made donations o
some 1,650 social welfare facilities and programs.
The fund's contributions to recovery initiatives following the 2011
Great East Japan Earthquake include ongoing donations to organizations
that are funding scholarships and providing mental health services for
orphans and other children. The fund will donate 30 million yen to
support such children and nearly 38.6 million yen to social welfare
facilities in the fiscal year ending March 2014.
About Mitsubishi Electric Corporation
With over 90 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 3,567.1
billion yen (US$ 37.9 billion*) in the fiscal year ended March 31, 2013.
For more information visit http://www.MitsubishiElectric.com
*At an exchange rate of 94 yen to the US dollar, the rate given by the
Tokyo Foreign Exchange Market on March 31, 2013
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