#MitsubishiElectric

For the annual general meeting of shareholders scheduled in June 2026, Mitsubishi Electric has decided and announced a total of 11 director candidates, including one new director candidate.

Mitsubishi Electric has signed a basic agreement with ROHM, Toshiba, and related companies to integrate the power device and semiconductor businesses and has started discussions.

ROHM Co., Ltd. signed a basic agreement on March 27, 2026, to commence discussions on the business and management integration of Toshiba Device & Storage Corporation's semiconductor business and Mitsubishi Electric Corporation's power device business.

Mitsubishi Electric Corporation denied new decisions concerning the integration of the power semiconductor business in some reports dated March 26 and announced that any matters requiring disclosure will be promptly disclosed once decided.

Regarding certain reports on Foxconn Technology Group's capital involvement in the automotive equipment business, Mitsubishi Electric and Mitsubishi Electric Mobility have not made any announcements and state that there are no confirmed facts or policies at this time.

Effective April 1, 2026, Mitsubishi Electric will implement organizational restructuring, renaming the Human Resources Division to the Human Resources & Culture Transformation Division. Personnel changes for executive officers and senior executive officers will be made, with several executives retiring and new appointments.

For the third quarter of the fiscal year ending March 2026, consolidated net sales amounted to ¥4,156,010 million (3.9% year-over-year increase), operating income was ¥294,757 million (2.9% year-over-year decrease), and net income attributable to owners of the parent for the quarter was ¥298,265 million (20.2% year-over-year increase).

Q3 Sales for FY2025 reached 1,423.5 billion yen (YoY +66.7 billion yen), and operating income excluding Next Stage segment was a record high of 144.7 billion yen (YoY +17.8 billion yen).

Approximately 4,700 personnel optimization was executed on a consolidated basis for the fiscal year ending March 2026, with expected expense recognition of about 100 billion yen. 74.3 billion yen was already recorded in the third quarter of the fiscal year ending March 2026.

Mitsubishi Electric announced that it completed the acquisition of all shares of US-based Nozomi Networks, Inc. on January 28, 2026, making it a wholly owned subsidiary.

Stanley Electric and Mitsubishi Electric Mobility have resolved to postpone the effective date of the company split associated with the establishment of a joint venture for next-generation vehicle lamp systems to the end of March 2026.