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)
May 09, 2024 at 02:46 am EDT
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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.
The full document on Mitsubishi Electric’s dividend policy can be viewed at the following link:
www.MitsubishiElectric.com/news
Year-end dividend (as of the record date of March 31, 2024)
Fiscal 2024 Dividend
(final)
Previous Forecast for
Fiscal 2024 Dividend
(as of April 26, 2024)
Fiscal 2023 Dividend
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 as of April 26, 2024)
To be determined
To be determined
To be determined
Fiscal 2025 (present announcement)
20 yen
To be determined
To be determined
Fiscal 2024 (actual)
20 yen
30 yen
50 yen
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 in the full document.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240508688731/en/
Mitsubishi Electric Corporation is one of the world's leading manufacturers of electric and electronic equipment. Net sales (including intragroup) break down by family of products and by services as follows:
- industrial automation equipment (28.6%): programmable controllers, motor operators, counters, industrial robots, clutches, etc.;
- electric equipment (24.2%): generators, motors, transformers, power circuit breakers, testing systems, etc.;
- household appliances (22.4%): televisions, video recorders, air conditioners, refrigerators, lamps, vacuum cleaners, etc.;
- information and communication equipment (6.9%): mobile phones, satellites, aerials, medical and audiovisual equipment, servers, computers, etc.;
- electronic components and devices (4.7%): memory, logic integrated circuits, monitors, plasma screens, printed circuit cards, etc.;
- other (13.2%): financial services, real estate management, engineering and maintenance services, etc.
Net sales break down geographically as follows: Japan (52.1%), Asia (24.9%), Europe (11.1%), North America (10.3%) and other (1.6%).
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)