Mitsubishi Electric Corporation Announces Dividend Forecast for the First Half Ending September 30, 2022
September 22, 2022 at 04:00 am EDT
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Mitsubishi Electric Corporation announced its dividend forecast for the first half ending September 30, 2022. The company plans to pay an interim dividend of JPY 14 per share, as of the record date of September 30, 2022, with due consideration on performance and financial standing in the first half of fiscal 2023. The actual dividend will be declared at the Board of Directors' meeting when financial results for the second quarter of
fiscal 2023 are to be approved.
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%).