[Mitsubishi Electric] Notice of Recording Retirement Benefit Trust Refund Income | May 2026

Performance Overview

Mitsubishi Electric has decided to receive a refund of approximately 300 billion yen on May 29, 2026, due to surplus in its retirement benefit trust. As a result, it anticipates recording a special profit of about 210 billion yen from the retirement benefit trust refund in its standalone financial statements for the fiscal year ending March 2027. The consolidated financial statements are prepared based on IFRS, and fluctuations due to remeasurement of trust assets' fair value are recognized as other comprehensive income, thus having no impact on the consolidated income statement.

Outlook and Impact on Investors

This refund results from an asset surplus related to retirement benefits and is not expected to be a continuing trend. Recording this gain is a one-time event and does not directly affect current consolidated operating results. However, if the surplus condition persists, it could influence future capital policy and financial strategy. Investors should understand that these special profits are short-term and transient, and should evaluate them in conjunction with long-term performance trends.