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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Mitsubishi Electric Corporation    6503   JP3902400005

MITSUBISHI ELECTRIC CORPORATION

(6503)
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Mitsubishi Electric : Announces Director Candidates

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04/28/2020 | 12:23am EDT

MITSUBISHI ELECTRIC CORPORATION

PUBLIC RELATIONS DIVISION

7-3, Marunouchi 2-chome,Chiyoda-ku, Tokyo, 100-8310 Japan

FOR IMMEDIATE RELEASE

No. 3350

Media Inquiries

Public Relations Division

Mitsubishi Electric Corporation

prd.gnews@nk.MitsubishiElectric.co.jp

www.MitsubishiElectric.com/news/

Mitsubishi Electric Announces Director Candidates

TOKYO, April 28, 2020 - Mitsubishi Electric Corporation(TOKYO: 6503) announces the candidates for

Directors elected at the meeting of the Nomination Committee held on April 28, 2020.

The final election of Directors is planned at the Ordinary General Meeting of Shareholders scheduled for June 26, 2020.

1. Director Candidates (current positions)Masaki Sakuyama (Chairman)

Takeshi Sugiyama (Director, President & CEO) Masahiko Sagawa (Director)

Shinji Harada (Director, Executive Officer, General Affairs, Human Resources and Public Relations) Tadashi Kawagoishi (Director, Executive Officer, Accounting and Finance)

Takashi Sakamoto (Senior Advisor) [new candidate]

Kei Uruma (Senior Vice President, Corporate Strategic Planning and Operations of Associated Companies) [new candidate]

Mitoji Yabunaka (Director)

Hiroshi Obayashi (Director (Attorney-at-law, Obayashi Law Office))

Kazunori Watanabe (Director (Certified Public Account, Tax Accountant, Kazunori Watanabe Certified Public Accountant & Tax Accountant Office))

Hiroko Koide (Director)

Takashi Oyamada (Director (Senior Advisor, MUFG Bank, Ltd.))

Notes:

  1. Titles in parentheses are current positions and assignments at Mitsubishi Electric and important concurrent positions at other companies as of April 28, 2020
  2. Messrs. Yabunaka, Obayashi, Watanabe, and Oyamada and Ms. Koide are Outside Director candidates.
  3. Changes in Executive Officers were disclosed on February 20, 2020.

2. Retiring Directors

Nobuyuki Okuma (Director)

Akihiro Matsuyama (Director)

3. New Candidates

Takashi Sakamoto (born March 9, 1958)

March 1981 Graduated from Faculty of Economics, Keio University April 1981 Joined Mitsubishi Electric Corporation

April 2012 Senior General Manager, Electronic Systems Group, Planning & Administration Dept. April 2013 Executive Officer (In charge of Purchasing)

April 2017 Senior Vice President (In charge of Purchasing) April 2019 Senior Advisor (current position)

Kei Uruma (born July 27, 1959)

March 1982 Graduated from Faculty of Commerce, Waseda University April 1982 Joined Mitsubishi Electric Corporation

April 2015 Executive Officer, Factory Automation Systems April 2017 Executive Officer, Public Utility Systems April 2018 Senior Vice President, Public Utility Systems

April 2020 Representative Executive Officer, Senior Vice President, Corporate Strategic Planning and Operations of Associated Companies (current position)

###

About Mitsubishi Electric Corporation

With nearly 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. 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 a revenue of 4,519.9 billion yen (US$ 40.7 billion*) in the fiscal year ended March 31, 2019. For more information visit:

www.MitsubishiElectric.com

*At an exchange rate of 111 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2019

Disclaimer

Mitsubishi Electric Corporation published this content on 28 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2020 04:22:02 UTC

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Financials
Sales 2021 4 162 B 38 841 M 38 841 M
Net income 2021 118 B 1 104 M 1 104 M
Net cash 2021 267 B 2 496 M 2 496 M
P/E ratio 2021 24,8x
Yield 2021 2,62%
Capitalization 2 975 B 27 865 M 27 765 M
EV / Sales 2020
EV / Sales 2021 0,65x
Nbr of Employees 146 518
Free-Float 94,2%
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Technical analysis trends MITSUBISHI ELECTRIC CORPOR
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 1 705,00 JPY
Last Close Price 1 376,50 JPY
Spread / Highest target 67,8%
Spread / Average Target 23,9%
Spread / Lowest Target -1,93%
EPS Revisions
Managers
NameTitle
Takeshi Sugiyama President, CEO & Director
Masaki Sakuyama Chairman
Tadashi Kawagoishi Director & Head-Accounting
Akihiro Matsuyama Director
Mitoji Yabunaka Independent Outside Director
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