[September 22, 2014] |
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Mitsubishi Electric Announces Dividend Policy for the First Half of Fiscal 2015
TOKYO --(Business Wire)--
Mitsubishi
Electric Corporation (TOKYO:6503) announced today its dividend
forecast for the first half (ending September 30, 2014) of the current
fiscal year ending March 31, 2015 (fiscal 2015).
The company plans to pay an interim dividend of 9 yen per share, as of
the record date of September 30, 2014, with due consideration on
performance and financial standing in the first half of fiscal 2015. The
actual dividend will be declared at the Board of Directors' meeting when
financial results for the second quarter of fiscal 2015 are to be
approved.
The year-end dividend, as of the record date of March 31, 2015, is
currently undecided.
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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 2015 (previous announcement as of July 30, 2014)
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To be determined
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To be determined
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To be determined
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Fiscal 2015 (present announcement)
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9 yen (plan)
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To be determined
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To be determined
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Fiscal 2014 (actual)
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6 yen
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11 yen
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17 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. Please refer to the
cautionary statement on the next page.
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Cautionary Statement The
Mitsubishi Electric (News - Alert) Group (hereafter "the Group") is involved in
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 extend 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 on 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 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 the Group'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 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 the Group'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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The Group 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 Group.
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(8)
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Flaws or defects in products or services
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The Group 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 Group.
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(9)
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Litigation and other legal proceedings
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The 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 Group's performance.
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(11)
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Business restructuring
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The Group may record losses due to restructuring measures.
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(12)
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Information security
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The performance of the Group may be affected by computer virus
infections, unauthorized access and other unpredictable incidents
that lead to the loss or leakage of personal information held by the
Group or confidential information regarding the Group's business
such as its technology, sales and other operations.
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(13)
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Natural disasters
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The 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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(14)
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Other significant factors
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The 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 4,054.3
billion yen (US$ 39.3 billion*) in the fiscal year ended March 31, 2014.
For more information visit http://www.MitsubishiElectric.com *At
an exchange rate of 103 yen to the US dollar, the rate given by the
Tokyo Foreign Exchange Market on March 31, 2014
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