Mitsubishi Electric : Corporate Strategy

Mitsubishi Electric Corporate Strategy

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Kei Uruma

President & CEO

Introduction

- Aiming to Solve Social Challenges Through "Circular Digital-Engineering" -

Since assuming the position of President, I have been giving top priority on completing the investigation into the quality issues that have been causing inconvenience and concern to our customers and other stakeholders, and implementing reforms based on the investigation results to regain trust in the company. Then, I have been taking measures to improve the working environment to ensure that employees can work cheerfully and positively, and thinking about how to provide solutions to social challenges through our businesses by attending to our customers' needs.

We placed sustainability as the cornerstone of our management, and will promote solutions to social challenges through our businesses, and will flexibly meet the needs of each customer by providing the three processes of consulting, system engineering and maintenance/operation ceaselessly as "Integrated Solutions," our new business model.

What I want to strongly focus on in our future activities is the evolution of our Integrated Solutions by exercising our creativity and strengthening connections within the group through the use of data. We will provide evolved Integrated Solutions for our customers at all times, while aiming to become a "Circular Digital- Engineering" company that provides solutions to a wide range of social challenges with our customers through our businesses.

From this fiscal year, we have established four Business Areas and assigned each business group to one of them. And we have also appointed Business Area Owners, who are responsible for working on corporate strategy from a medium- to long-term perspective, with a bird's-eye view of

a wide range of business fields. We will accelerate the evolution of Mitsubishi Electric through these measures and contribute to the realization of a vibrant and sustainable society through our business activities.

©Mitsubishi Electric Corporation		2

Contents

1. Mitsubishi Electric's Sustainability Management

1-1. Sustainability Management

1-2. Circular Digital-Engineering Company that provides solutions to social challenges

1-3. Integrated Solutions

1-4. Sustainable Future by Mitsubishi Electric

2. Progress of Medium-term Management Plan Towards FY2025

2-1. Strengthening of Business Portfolio Strategy

2-2. Enhancement of Business Foundation for Sustainable Growth

2-3. Initiatives for Creation of Innovation and Future Growth

• 3. Three Reform Areas for Regaining Trust

• Appendix >
• Single-yearOutlook for FY2022 (Consolidated Performance)
• Outlook for FY2022 (Segment Forecast) and FY2025 target
• Outlook for FY2022 (Sub-segment Forecast) and FY2025 target

©Mitsubishi Electric Corporation

Note

FY2019 : April 1, 2019 - March 31, 2020

FY2020 : April 1, 2020 - March 31, 2021

FY2021 : April 1, 2021 - March 31, 2022

FY2022 : April 1, 2022 - March 31, 2023

FY2025 : April 1, 2025 - March 31, 2026

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1	Mitsubishi Electric's
Sustainability Management

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1-1	Sustainability Management

Position the realization of sustainability as the cornerstone of our management to promote solutions to social challenges through our businesses.

Clarify five challenge areas to focus on.

Five challenge areas

Carbon neutral

Achieve a

decarbonized society to curb climate change by reducing CO2 emissions from the company and society

Circular economy		Safety/Security		Inclusion		Well-being
Achieve a society in		Achieve a resilient		Achieve a society in		Achieve a healthy and
which resources are		society that can cope		which all people are		comfortable life for
effectively used and		with various		respected and		each individual, both
sustainably circulated		environmental		everyone can lead free,		mentally and
		changes and risks		fair and vibrant lives		physically

	Materiality
Realize a sustainable	Realize a safe, secure, and
global environment		comfortable society
Respect for all people	Strengthen corporate		Create a sustainability-oriented
governance and compliance on
corporate culture
	a sustainable basis
©Mitsubishi Electric Corporation				5