Mitsubishi Electric Announces Dividend for the First Half of Fiscal 2025 (April 1, 2024 -- September 30, 2024) and Dividend Forecast for Fiscal 2025 (April 1, 2024 -- March 31, 2025)

TOKYO--(BUSINESS WIRE)--October 31, 2024-- 

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that the Board of Directors has resolved to pay an interim dividend of 20 yen per share for the first half of fiscal 2025, as of the record date of September 30, 2024.

For fiscal 2025, the company plans to pay a year-end dividend of 30 yen per share, as of the record date of March 31, 2025, from the perspective of providing appropriate returns to shareholders in line with the level of stockholders' equity and maintaining financial soundness. The actual dividend will be declared at the Board of Directors' meeting scheduled in May 2025.

 
Interim dividend (as of the record date of September 30, 2024) 
------------------------------------------------------------------------------ 
                     Interim dividend   Previous Forecast    Interim dividend 
                     for Fiscal 2025      (as of May 9,      for Fiscal 2024 
                         (final)              2024) 
------------------  ------------------  ------------------  ------------------ 
Record date         September 30, 2024  September 30, 2024  September 30, 2023 
------------------  ------------------  ------------------  ------------------ 
Dividend per share        20 yen              20 yen              20 yen 
------------------  ------------------  ------------------  ------------------ 
Total amount of     41,614 million yen                      42,009 million yen 
dividends 
------------------  ------------------  ------------------  ------------------ 
Effective date       December 3, 2024                        December 4, 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         20 yen       To be determined   To be determined 
announcement as of May 
9, 2024) 
=======================  ================  =================  ================ 
Fiscal 2025 (present          20 yen            30 yen             50 yen 
announcement) 
=======================  ================  =================  ================ 
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. 
-----  ----------------------------------------------------------------------- 
 

For more information, please visit: www.MitsubishiElectric.com/news/

View source version on businesswire.com: https://www.businesswire.com/news/home/20241030440338/en/

 
    CONTACT:    Investor Relations Inquiries 

Corporate IR&SR Division

Mitsubishi Electric Corporation

Cad.Irg@rk.MitsubishiElectric.co.jp

Media Inquiries

Madoka Iwanaga

Public Relations Division

Mitsubishi Electric Corporation

Tel: +81-3-3218-2332

prd.gnews@nk.MitsubishiElectric.co.jp

www.MitsubishiElectric.com/news/

(END) Dow Jones Newswires

October 31, 2024 02:45 ET (06:45 GMT)