Notice of Completion of Full Acquisition of U.S. PCI Energy Solutions

Overview of the M&A

Mitsubishi Electric Corporation has announced the completion of the full acquisition of U.S.-based PCI Energy Solutions. The target company provides software for energy transaction management and optimization; its registered name is Power Costs, Inc., and its revenues have increased over the past three years. Mitsubishi Electric Corporation stated that if revisions to its consolidated earnings forecasts become necessary, they will be disclosed promptly.

Future Impact and Disclosures

While the full acquisition of PCI Energy Solutions may affect Mitsubishi Electric Corporation's consolidated earnings, specific amounts and impact are currently unknown. If a need arises to revise earnings forecasts, the company will make timely disclosures. The press contact for responses is the Corporate Communications Department.