Mitsubishi Electric : Announces Dividend for Fiscal 2024 (April 1, 2023 - March 31, 2024) and Dividend Forecast for the First Half of Fiscal 2025 (April 1, 2024 - September 30, 2024)

	MITSUBISHI ELECTRIC CORPORATION
	PUBLIC RELATIONS DIVISION
	7-3, Marunouchi 2-chome,Chiyoda-ku, Tokyo, 100-8310 Japan
FOR IMMEDIATE RELEASE	No. 3694
Investor Relations Inquiries	Media Inquiries
Corporate IR&SR Division	Public Relations Division
Mitsubishi Electric Corporation	Mitsubishi Electric Corporation
[e-mail]	[e-mail]
	www.MitsubishiElectric.com/news/

Mitsubishi Electric Announces Dividend for Fiscal 2024

(April 1, 2023 - March 31, 2024) and Dividend Forecast for the First Half of

Fiscal 2025 (April 1, 2024 - September 30, 2024)

TOKYO, May 9, 2024 - Mitsubishi Electric Corporation(TOKYO: 6503) announced today that the Board of Directors has resolved to pay an year-end dividend of 30 yen per share for fiscal 2024, as of the record date of March 31, 2024, with due consideration of the company's performance and financial standing during the respective fiscal year.

For the first half of fiscal 2025, the company plans to pay an interim dividend of 20 yen per share, as of the record date of September 30, 2024, with due consideration on performance and financial standing in the respective period. The actual dividend will be declared at the Board of Directors' meeting in October 2024.

The year-end dividend for fiscal 2025, as of the record date of March 31, 2025, is currently undecided.

Year-end dividend (as of the record date of March 31, 2024)

	Fiscal 2024 Dividend	Previous Forecast for
	Fiscal 2024 Dividend	Fiscal 2023 Dividend
	(final)
	(as of April 26, 2024)
Record date	March 31, 2024	March 31, 2024	March 31, 2023
Dividend per share	30 yen	30 yen	26 yen
Total amount of dividends	62,702 million yen	－	54,940 million yen
Effective date	June 4, 2024	－	June 2, 2023
Dividend resource	Retained earnings	－	Retained earnings

Dividend forecast (as of the record date of March 31, 2025)

Dividend per share	Interim dividend	Year-end dividend	Annual dividend
Fiscal 2025	(previous announcement	To be determined	To be determined	To be determined
as of April 26, 2024)
Fiscal 2025	(present announcement)	20 yen	To be determined	To be determined
Fiscal 2024	(actual)	20 yen	30 yen	50 yen
		1/2

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 below.

Cautionary Statement

While the statements herein, including the forecasts regarding the Mitsubishi Electric Group, are based on assumptions considered to be reasonable under the circumstances on the date of announcement, actual results may differ significantly from forecasts.

The main factors materially affecting the expectations expressed herein include but are not limited to the following:

1. Changes in worldwide economic and social conditions, as well as regulations, taxation and other legislation
2. Changes in foreign currency exchange rates
3. Changes in stock markets
4. Changes in the fund-raising environment
5. Changes in the supply and demand of products, as well as the material procurement environment
6. Establishment of important patents, status of significant licenses and disputes related to key patents
7. Litigation and other legal proceedings
8. Issues related to quality and defects in products or services
9. Laws, regulations and issues related to the global environment, especially responses to climate change
10. Laws, regulations and issues related to human rights
11. Radical technological innovation, as well as the development, manufacturing and time-to-market of products using new technology
12. Business restructuring
13. Information security incidents
14. Large-scaledisasters, including earthquakes, tsunamis, typhoons, volcanic eruptions and fires
15. Social, economic and political upheaval due to heightened geopolitical risks, war, conflict, terrorism or other factors
16. Social, economic and political upheaval due to pandemics or other factors
17. Important matters related to Mitsubishi Electric Corporation's directors and executive officers, major shareholders, affiliated companies and other stakeholders

###

About Mitsubishi Electric Corporation

With more than 100 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. Mitsubishi Electric enriches society with technology in the spirit of its "Changes for the Better." The company recorded a revenue of 5,257.9 billion yen (U.S.$ 34.8 billion*) in the fiscal year ended March 31, 2024. For more information, please visit www.MitsubishiElectric.com

*U.S. dollar amounts are translated from yen at the rate of ¥151=U.S.$1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2024

2/2