[March 17, 2014] |
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Mitsubishi Electric Announces Dividend Policy for Fiscal 2014 (April 1, 2013-March 31, 2014)
TOKYO --(Business Wire)--
Mitsubishi
Electric Corporation (TOKYO:6503) announced today its dividend
forecast for the current fiscal year ending March 31, 2014 (fiscal 2014).
The company plans to pay a year-end dividend of 11 yen per share, as of
the record date of March 31, 2014, with due consideration on performance
and financial standing in the fiscal 2014. The actual dividend will be
declared at the Board of Directors' meeting when financial results for
fiscal 2014 are to be approved.
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Dividend per share
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Interim dividend
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Year-end dividend
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Annual dividend
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Fiscal 2014
(previous announcement as of Feb. 3, 2014)
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6 yen (actual)
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To be determined
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To be determined
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Fiscal 2014 (present announcement)
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6 yen (actual)
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11 yen
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17 yen
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Fiscal 2013 (actual)
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5 yen
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6 yen
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11 yen
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Note: The forecast above is based on assumptions deemed reasonable
by the company at the present time, and actual results may differ
significantly from forecasts.
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Cautionary Statement
The Mitsubishi Electric (News - Alert) Group is involved in the development,
manufacture and sales in a wide range of fields including Energy and
Electric Systems, Industrial Automation Systems, Information and
Communication Systems, Electronic Devices and Home Appliances, and these
operations stretch out globally, not only inside Japan, but also in
North America, Europe, Asia and other regions. 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, 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)
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Important trends
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The Mitsubishi Electric Group's operations may be affected by trends
in the global economy, social conditions, laws, tax codes, and
regulations.
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(2)
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Foreign currency exchange rates
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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.
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(3)
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Stock markets
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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.
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(4)
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Supply/demand balance for products and procurement conditions for
materials and components
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A decline in prices and shipments due to changes in the
supply/demand balance, as well as an increase in material prices due
to a worsening of material and component procurement conditions may
adversely affect the Mitsubishi Electric Group's performance.
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(5)
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Fund raising
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An increase in interest rates, the yen interest rate in particular,
would increase Mitsubishi Electric's interest expenses.
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(6)
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Significant patent matters
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Important patent filings, licensing, copyrights and patent-related
disputes may adversely affect related businesses.
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(7)
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Environmental legislation or relevant issues
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We may incur losses or expenses owing to changes in environmental
legislation or the occurrence of environmental issues. Such changes
in legislation or the occurrence of environmental issues may also
impact manufacturing and all corporate activities of the Mitsubishi
Electric Group.
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(8)
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Flaws or defects in products or services
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We may incur losses or expenses resulting out of flaws or defects in
products or services, and the lowered reputation of the quality of
all our products and services may affect the entire Mitsubishi
Electric group.
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(9)
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Litigation and other legal proceedings
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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.
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(10)
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Disruptive changes
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Disruptive changes in technology, development of products using new
technology, timing of production, and market introduction may
adversely affect the Mitsubishi Electric Group's performance.
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(11)
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Business restructuring
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The Mitsubishi Electric Group may record losses due to restructuring
measures.
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(12)
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Natural disasters
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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.
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(13)
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Other significant factors
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The Mitsubishi Electric Group's operations may be affected by the
outbreak of social or political upheaval due to terrorism, war,
pandemic by new strains of influenza and other diseases, or other
factors.
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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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