Yomiuri: Mitsubishi Electric's Voluntary Retirement Program Sees 4,700 Applicants, 5% of Consolidated Employees

Dow Jones

02/04

By Chika Nakayama / Yomiuri Shimbun Staff Writer

The number of applicants for Mitsubishi Electric Corp.'s domestic voluntary retirement program is expected to total about 4,700, the company announced on Tuesday. This represents 5% of its consolidated domestic workforce. While performance remains strong -- with net profits for the fiscal year ending March 2026 projected to hit a record high for the third consecutive year -- the company aims to optimize its workforce composition, which is skewed toward older age groups.

The voluntary retirement program was announced for Mitsubishi Electric and its domestic group companies. The company expects to record approximately 100 billion yen in related expenses in the consolidated financial results for the fiscal year ending in March.

For Mitsubishi Electric alone, the company conducted an open-ended campaign from Dec. 15 to Jan. 9, targeting regular employees aged 53 or older with at least three years of service, as well as those rehired after reaching retirement age. The 2,378 applicants will receive a special lump-sum payment in addition to their regular retirement benefits and are set to retire on March 15.

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This article is from The Yomiuri Shimbun. Neither Dow Jones Newswires, MarketWatch, Barron's nor The Wall Street Journal were involved in the creation of this content.

YDN-M0000177824-1

(END) Dow Jones Newswires

February 04, 2026 04:52 ET (09:52 GMT)

Copyright (c) 2026 The Yomiuri Shimbun

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This represents 5% of its consolidated domestic workforce. While performance remains strong -- with net profits for the fiscal year ending March 2026 projected to hit a record high for the third consecutive year -- the company aims to optimize its workforce composition, which is skewed toward older age groups. \n</p>\n<p>\n  The voluntary retirement program was announced for Mitsubishi Electric and its domestic group companies. The company expects to record approximately 100 billion yen in related expenses in the consolidated financial results for the fiscal year ending in March. \n</p>\n<p>\n  For Mitsubishi Electric alone, the company conducted an open-ended campaign from Dec. 15 to Jan. 9, targeting regular employees aged 53 or older with at least three years of service, as well as those rehired after reaching retirement age. The 2,378 applicants will receive a special lump-sum payment in addition to their regular retirement benefits and are set to retire on March 15. \n</p>\n<p>\n    ---- \n</p>\n<p>\n  This article is from The Yomiuri Shimbun. Neither Dow Jones Newswires, MarketWatch, Barron's nor The Wall Street Journal were involved in the creation of this content. \n</p>\n<p>\n  YDN-M0000177824-1 \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 04, 2026 04:52 ET (09:52 GMT)\n</p>\n<p>\n  Copyright (c) 2026 The Yomiuri Shimbun\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MIELY","symbol_name":"三菱電機","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2608352930","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608352930","pubTimestamp":1770198720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"The number of applicants for Mitsubishi Electric Corp.'s domestic voluntary retirement program is expected to total about 4,700, the company announced on Tuesday. 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The 2,378 applicants will re","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MIELY":"三菱电机","CNSL":"联合通讯","BK4182":"重型电气设备","BK4115":"综合电信业务"},"translate_title":"读卖新闻：三菱电机自愿退休计划有4,700名申请人，占合并员工的5%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CNSL":1.5,"MIELY":0.9},"content_text":"By Chika Nakayama / Yomiuri Shimbun Staff Writer \n\n\n  The number of applicants for Mitsubishi Electric Corp.'s domestic voluntary retirement program is expected to total about 4,700, the company announced on Tuesday. This represents 5% of its consolidated domestic workforce. While performance remains strong -- with net profits for the fiscal year ending March 2026 projected to hit a record high for the third consecutive year -- the company aims to optimize its workforce composition, which is skewed toward older age groups. \n\n\n  The voluntary retirement program was announced for Mitsubishi Electric and its domestic group companies. The company expects to record approximately 100 billion yen in related expenses in the consolidated financial results for the fiscal year ending in March. \n\n\n  For Mitsubishi Electric alone, the company conducted an open-ended campaign from Dec. 15 to Jan. 9, targeting regular employees aged 53 or older with at least three years of service, as well as those rehired after reaching retirement age. The 2,378 applicants will receive a special lump-sum payment in addition to their regular retirement benefits and are set to retire on March 15. \n\n\n    ---- \n\n\n  This article is from The Yomiuri Shimbun. 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