Latest news with #MitsubishiElectricCorporation
The Sun
2 days ago
- Business
- The Sun
Mitsubishi Electric donates 7.4m Japanese yen for Myanmar quake
KUALA LUMPUR: Mitsubishi Electric Corporation has donated a total of 7.4 million Japanese yen to support relief efforts for victims of the earthquake that struck Myanmar on March 28 through its in-house matching-gift initiative, the Mitsubishi Electric SOCIO-ROOTS Fund. (100 Japanese yen = RM2.95) In a statement, the company said donations were collected from employees across Mitsubishi Electric Group offices, amounting to 3.7 million Japanese yen, which was then matched by the company. The full amount was donated on May 30 to Save the Children Japan's disaster response programme in Myanmar. The latest contribution follows a separate 10 million Japanese yen corporate donation announced by the company on April 7. The Mitsubishi Electric Group extends its deepest sympathies to those affected by the disaster and expresses its sincere hopes for a swift recovery. Established in 1992, the SOCIO-ROOTS Fund allows Mitsubishi Electric employees in Japan — and occasionally worldwide — to support welfare-related facilities and programmes, as the fund is part of the group's commitment to social responsibility and community support.
The Sun
2 days ago
- Business
- The Sun
Mitsubishi Electric donates 7.4m Japanese yen for Myanmar quake relief
KUALA LUMPUR: Mitsubishi Electric Corporation has donated a total of 7.4 million Japanese yen to support relief efforts for victims of the earthquake that struck Myanmar on March 28 through its in-house matching-gift initiative, the Mitsubishi Electric SOCIO-ROOTS Fund. (100 Japanese yen = RM2.95) In a statement, the company said donations were collected from employees across Mitsubishi Electric Group offices, amounting to 3.7 million Japanese yen, which was then matched by the company. The full amount was donated on May 30 to Save the Children Japan's disaster response programme in Myanmar. The latest contribution follows a separate 10 million Japanese yen corporate donation announced by the company on April 7. The Mitsubishi Electric Group extends its deepest sympathies to those affected by the disaster and expresses its sincere hopes for a swift recovery. Established in 1992, the SOCIO-ROOTS Fund allows Mitsubishi Electric employees in Japan — and occasionally worldwide — to support welfare-related facilities and programmes, as the fund is part of the group's commitment to social responsibility and community support.
Business Wire
13-05-2025
- Business
- Business Wire
Mitsubishi Electric Announces Dividend for Fiscal 2025
TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO:6503) announced today that the Board of Directors has resolved to pay a year-end dividend of 30 yen per share for fiscal 2025, as of the record date of March 31, 2025. Mitsubishi Electric has a basic policy in dividend payment of approximately 3% in adjusted DOE * to ensure consistency from the perspective of providing appropriate returns to shareholders in line with the level of Mitsubishi Electric Corporation stockholders' equity and maintaining financial soundness to continue investments for growth. For fiscal 2026, the company plans to pay an interim dividend of 25 yen per share and a year-end dividend of 30 yen per share, as of the record date of March 31, 2026, based on the basic policy above. The actual interim dividend will be declared at the Board of Directors' meeting in October 2025, and the actual year-end dividend at the Board of Director's meeting in May 2026. Fiscal 2025 year-end dividend(as of the record date of March 31, 2025) Fiscal 2025 Dividend (final) Previous Forecast for Fiscal 2025 Dividend (as of April 28, 2025) Fiscal 2024 Dividend Record date March 31, 2025 March 31, 2025 March 31, 2024 Dividend per share 30 yen 30 yen 30 yen Total amount of dividends 62,319 million yen － 62,702 million yen Effective date June 3, 2025 － June 4, 2024 Dividend resource Retained earnings － Retained earnings Expand *Adjusted DOE(dividend on equity ratio): Adjusted ratio of dividends to stockholders' equity [dividend paid / the stockholders' equity(excluding accumulated other comprehensive income (loss))]. Fiscal 2026 dividend forecast(as of the record date of March 31, 2026) Dividend per share Interim dividend Year-end dividend Annual dividend Fiscal 2026(previous announcement as of April 28, 2025) To be determined To be determined To be determined Fiscal 2026(present announcement) 25 yen 30 yen 55 yen Fiscal 2025(actual) 20 yen 30 yen 50 yen Expand 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. Expand For more information, please visit:
Associated Press
30-04-2025
- Business
- Associated Press
Mitsubishi Electric Acquires Irish Elevator Company Ascension Lifts
TOKYO--(BUSINESS WIRE)--Apr 30, 2025-- Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has acquired all shares of Ascension Lifts Limited, an Irish elevator company based in Dublin, through its wholly owned subsidiary Motum AB, headquartered in Stockholm, Sweden, on April 29. Mitsubishi Electric and its Tokyo-based subsidiary Mitsubishi Electric Building Solutions Corporation are expanding their worldwide business in elevator maintenance and renewal, which is expected to enjoy growing demand in the building systems sector, one of Mitsubishi Electric's priority growth businesses. In the mature European market, the demand for maintenance and renewal services is forecast to grow against the backdrop of aging elevators and escalators and heightened environmental awareness. In response, the two companies plan to create an operational structure capable of accelerating the delivery of value to customers. Ascension Lifts, which has been operating in the Irish elevator market for many years, has excellent technical capabilities and know-how for multi-brand maintenance and renewal, as well as a strong customer network. Through this acquisition, Mitsubishi Electric and Mitsubishi Electric Building Solutions will strengthen their business base in the Irish market by expanding their business domain into maintenance and renewal, starting with the use of Ascension Lifts's maintenance stock, and promote their strategy for expanding the elevator and escalator business in the European market. For the full text, please visit: View source version on CONTACT: Customer Inquiries Global Business Development Group Strategic Planning Office (LBS) Mitsubishi Electric Corporation Tel: +81-3-3218-2950 Inquiries Takeyoshi Komatsu Public Relations Division Mitsubishi Electric Corporation Tel: +81-3-3218-2332 [email protected] Communications Division Mitsubishi Electric Building Solutions Corporation Tel: +81-3-6206-5030 [email protected] KEYWORD: IRELAND SWEDEN UNITED KINGDOM JAPAN ASIA PACIFIC EUROPE INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER MANUFACTURING HARDWARE BUILDING SYSTEMS PUBLIC TRANSPORT TECHNOLOGY TRANSPORT MANUFACTURING SOURCE: Mitsubishi Electric Corporation Copyright Business Wire 2025. PUB: 04/30/2025 03:30 AM/DISC: 04/30/2025 03:29 AM
Yahoo
28-04-2025
- Business
- Yahoo
Mitsubishi Electric to Repurchase Company Shares
According to Articles of Incorporation Pursuant to Article 459, Paragraph 1 of Companies Act of Japan TOKYO, April 28, 2025--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that the company's Board of Directors resolved on April 28, 2025 to repurchase shares of the company's stock, as shown below, pursuant to the provisions of Article 459, paragraph 1 of the Companies Act, as well as Article 31 of the company's articles of incorporations. 1. Reason for the Repurchase of Company Shares Based on the financial policies of Mitsubishi Electric, the company will repurchase its own stock to enhance shareholder returns and strengthen capital efficiency. 2. Details of the Repurchase (1) Type of shares: Common stock (2) Number of shares: 60,000,000 shares (maximum unit) 2.89% of issued and outstanding shares (excluding treasury stock) (3) Aggregate value: JPY 100 billion (maximum limit) (4) Period: April 30, 2025-October 31, 2025 (5) Method: Market trades on Tokyo Stock Exchange Note: Part or all of the above-mentioned repurchases might not be performed depending on market conditions and other factors. (For reference) Status of treasury stock as of March 31, 2025 Total number of shares issued and outstanding (excluding treasury stock) 2,075,384,328 shares Number of treasury stock 37,817,223 shares Note: The number of treasury stock includes 1,915,095 shares held through the Board Incentive Plan (BIP) Trust. ### 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 5,521.7 billion yen (U.S.$ 36.8 billion*) in the fiscal year ended March 31, 2025. For more information, please visit *U.S. dollar amounts are translated from yen at the rate of ¥150=U.S.$1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2025 View source version on Contacts Investor Relations Inquiries Corporate IR&SR DivisionMitsubishi Electric Media Inquiries Madoka IwanagaPublic Relations DivisionMitsubishi Electric CorporationTel: + Sign in to access your portfolio
