MEL Mitsubishi Electric Corporation

TIDMMEL

RNS Number : 0229L

Mitsubishi Electric Corporation

28 December 2022

 
 FOR IMMEDIATE RELEASE   No. 3568 
 
                         Media Inquiries 
                         Takeyoshi Komatsu 
                         Public Relations Division 
                         Mitsubishi Electric Corporation 
                         Tel: +81-3-3218-2346 
                         prd.gnews@nk.MitsubishiElectric.co.jp 
                         www.MitsubishiElectric.com/news/ 
 

Mitsubishi Electric Announces Changes in Oversight and Structure

of Investor Relations and Shareholder Relations

TOKYO, December 27, 2022 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that responsibility for t he functions of investor relations (IR) and shareholder relations (SR) will be newly assigned to an Executive Officer, effective this coming January 1, pursuant to a resolution passed during a regular meeting of the Board of Directors on December 22. The company also announced a change in the company's IR and SR organizational structure, effective on the same date.

So far, IR and SR have been managed by the company's Corporate Finance Division and Corporate Administration Division, respectively, but these duties will now be consolidated under an Executive Officer. The purposes are to facilitate more comprehensive dialogue and information sharing with stakeholders in regard to these functions, and also to better reflect capital-market perspectives and opinions in the execution and oversight of IR and SR management.

In this regard, the company will establish a new division, the Corporate IR and SR Division, dedicated to dealing with IR and SR under the direct control of the CEO.

Change in IR and SR Responsibility (effective January 1, 2023)

 
                  New                                     Current                    Name 
  Title               Duties                Title               Duties 
           -----------------------------  ---------  ---------------------------- 
Executive  In charge of Auditing,         Executive  In charge of Auditing,        Kunihiko 
 Officer    CSO (In charge of Corporate    Officer    CSO (In charge of Corporate    Kaga 
            Strategic Planning,                       Strategic Planning and 
            IR and SR, and Operations                 Operations of Associated 
            of Associated Companies),                 Companies), CTO (In 
            CTO (In charge of Technology              charge of Technology 
            Strategies)                               Strategies) 
           -----------------------------  ---------  ----------------------------  -------- 
 

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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 4,476.7 billion yen (U.S.$36.7 billion*) in the fiscal year ended March 31, 2022. For more information, please visit www.MitsubishiElectric.com

*U.S. dollar amounts are translated from yen at the rate of 122=U.S.$1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2022

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December 28, 2022 02:00 ET (07:00 GMT)

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