AboutMitsubishi ElectricGroup
Proﬁle of the Mitsubishi Electric Group .............. 170
Corporate Data
Financial Results
Purpose/Management Policy/Corporate Strategy
Mitsubishi Electric's Business Segments ............. 172

Contents /About the ReportManagement Message

Sustainability Highlights

Initiatives that contribute toaddressing social challenges

Sustainability
Management

Environment

SocialAbout Mitsubishi
Electric Group

Governance

Profile of the Mitsubishi Electric Group
Corporate Data
President & CEO:Financial Results(As of March 31, 2023)■ Performance for the Year Ended March 31,2023

Kei Uruma

Yen(millions)2022

Phone:
Established:
Paid-in Capital:+81 (3) 3218-2111
January 15, 1921

Shares Issued:

2,147,201,551 shares

Consolidated Revenue:¥5,003,694 million

Consolidated Total Assets:
Employees:¥5,003,694

Operating profit

252,051

262,353

Net profit attributable to Mitsubishi Electric Corp. stockholders

203,482

213,908

5,107,973

5,582,519

Total assets

217,171

252,265

2,975,941

3,239,027

Capital expenditure (Based on the recognized value of property, plant and equipment)

167,772

240,971

R&D expenditures

195,144

212,386

Bonds and borrowings
Mitsubishi Electric Corp. stockholders' equity¥175,820 million

2023¥4,476,758

RevenueYen

Per share Amounts:
Earnings per share attributable to Mitsubishi Electric Corp. stockholders
Basic¥95.41¥101.30

Diluted95.41

101.3040

40Cash dividends declared¥5,582,519 million%

Statistical Information

149,655

Operating profit ratio

5.6%

5.2%

Return on equity (ROE)

7.1

6.9

Bonds and borrowings to total assets

4.3

4.5

1. The balance of bonds and borrowings and the ratio of bonds and borrowings to total assets do not include lease liabilities.
2. R&D expenditures include elements spent on quality improvements which constitute manufacturing costs.
3. Diluted earnings per share attributable to Mitsubishi Electric Corp. stockholders is equal to Basic earnings per share attributable to Mitsubishi Electric Corp.
stockholders, as no dilutive securities existed.

■ Revenue by Business Segment
Others
Revenue

14.5%
850 billion

Infrastructure
Revenue

16.7%
973 billion

Semiconductor & Device 4.8%
Revenue

281 billion

Industry & Mobility 28.4%
Revenue

Business Platform
Revenue

2.3%

134 billion

Life33.3%

Revenue*Sales of each segment include internal sales (transfers) between segments

170

1,660 billion

1,947 billion

Contents /About the ReportManagement Message

Sustainability Highlights

Initiatives that contribute toaddressing social challenges

Sustainability
ManagementEnvironment

SocialAbout Mitsubishi
Electric Group

GovernancePurpose/Management Policy/Corporate Strategy

PurposeWe, the Mitsubishi Electric Group, will contribute to the realization of a vibrant andsustainable society through continuous technological innovation and ceaseless creativity.

Our Values

Trust/Quality/Technology/Ethics and Compliance/Humanity/Environment/SocietyManagement Policy

Commitment
Purpose"Changes for the Better" represents the Mitsubishi Electric Group’s
attitude to "always strive to achieve something better," as we continue
to change and grow. Each one of us shares a strong will andpassion to continuously aim for change, reinforcing our
Our Values Commitmentcommitment to creating "an even better tomorrow."

Corporate Strategy

In addition to realizing well-balanced corporate management from the threeperspectives of growth, profitability/efficiency, and soundness, we will return to ourfundamental principle of "addressing social challenges through our businesses" andposition the realization of sustainability as the cornerstone of our management. From
this approach, we will pursue a sustained enhancement of our corporate value andfulfill our responsibility to society, to our customers, shareholders and employees, andto all other stakeholders.
Through co-creation and by integrating knowledge within and outside the Group, we willtransform into a "Circular Digital-Engineering" company that provides evolved
integrated solutions thereby contributing to solving various social issues.

Global Operations

2,467,030% of total Revenue49.3%

millionyen

Revenue

607,812 million yen% of total Revenue 12.1%Revenue

Number of consolidated
subsidiaries

Number of consolidated
subsidiaries

Europe31

Number of consolidated
subsidiaries

Asia17NorthAmericaJapan

1,218,903 million yen% of total Revenue 24.4%

Revenue

Number of consolidated
subsidiaries

625,562 million yen% of total Revenue 12.5%
Revenue91

Others67

171

84,387 million yen% of total Revenue 1.7%
Revenue※※Oceania
Latin America
AfricaNumber of consolidated
subsidiaries

3

Contents /About the ReportManagement Message

Sustainability Highlights

Initiatives that contribute toaddressing social challenges

SustainabilityManagement

Environment

SocialGovernance

About Mitsubishi
Electric Group

Mitsubishi Electric's Business Segments
Building Systems

Contributing to the smart development of cities and buildings byproviding solutions in building space

Energy Systems

Mitsubishi Electric elevators and escalators in operation in over 90
countries around the world realize high transportation efficiency,
safety, and security using advanced technology. What is more, byusing IoT and AI to operate elevators, air conditioning, lighting,and other building systems flexibly in response to the flow ofpeople in buildings, we contribute to the realization of smart
buildings and smart cities that are efficient and comfortable.
▪ Elevators ▪ Escalators ▪ Building management systems ▪ Building security systems
Main▪ Net zero energy buildings (ZEB) ▪ Smart city building solutions ▪ Total building management services
products▪ Building diagnosis and consulting ▪ Comprehensive renovation of building facilities

Factory Automation Systems▪ Turbine generators ▪ System protection and control systems ▪ Vacuum breakers ▪ Transformers
Main▪ Power receiving and distribution systems ▪ Grid stabilization systems ▪ Switchgears
products▪ Battery energy storage control systems ▪ Power conversion systems ▪ Power ICT solutions

Underpinning global manufacturing by providing value-added
products, solutions and services

Transportation Systems

We are a major FA supplier whose wide range of automation
technologies from PLCs to laser processing machines underpin
manufacturing. Our e-F@ctory concept also offers solutions
to Digital Manufacturing challenges by utilizing FA and IT
technologies to reduce the total cost of development, production
and maintenance.

Mitsubishi Electric as a leader in railway solutions providing a fullrange of equipment and systems for rolling stock
We developed an unrivaled level of technical prowess from ourinvolvement in the development of rolling stock and waysidesystems for all of Japan's Shinkansen since it began service
back in 1964. We are also utilizing our expertise in power andcommunications across various fields to improve energy efficiency.
Our products have already been adopted by more than 30
countries around the world. Our goal is to support energy-efficient,
comfortable and safe rail services both in Japan and abroad.

▪ Edge and Programmable Logic Controllers (PLCs) ▪ Servo systems
Main▪ Industrial and collaborative robots ▪ Circuit breakers ▪ Energy-saving support systems
products▪ NC controllers ▪ Laser processing machines ▪3D (metal) printers ▪ Software

Public Systems

Building power infrastructure across the entire energy value chain
as one of Japan's foremost power system suppliers
Energy systems represent a core business that Mitsubishi Electrichas been engaged in since our founding. We have played a majorrole in the development of power infrastructure around theworld in all phases, from power generation to transmission anddistribution. Mitsubishi Electric will work to maintain a balancebetween the active development of new businesses including"digital energy" and "renewable energy business," and deliveringa stable supply of electricity, with a view to achieving the social
challenge of carbon neutrality.

▪ Propulsion systems ▪ Air conditioning systems for rolling stock
Main▪ Train control and management systems ▪ Train vision ▪ Power systems
products▪ Transportation operation systems

Supporting a better tomorrow with cutting edge technologies atwork in our everyday life

Automotive Equipment

Our solutions cover a number of fields that underpin our everyday
life, including advanced social infrastructure and public facilities
and services. We enhance quality of living by creating solutions
that are truly needed by society —everything from water
environment systems, to solutions for making society safer andmore secure, to providing video entertainment.

▪ Water treatment systems ▪ Air traffic management systems
Main▪ Road information management systems ▪ Large-scale visual information systems
products▪ Disaster information systems

Contributing to the advancements in next-generation mobility
with a broad lineup of products
We have developed and successfully mass produced theAdvanced Driver Assistance System (ADAS) that combines a highefficiency motor and inverter for xEV vehicle, camera, and highprecision locator etc. by leveraging our technology cultivatedthrough the development of many kinds of in-vehicle equipment
products that hold a leading market share globally. Going forward,
we will help make safer, more secure, and comfortable cars foreveryone, by incorporating the various needs of our changing
automobile society into automotive equipment.

▪ Electrification components ▪ ADAS products
Main▪ Electric power steering system products ▪ Engine management products
products▪ Charging & Starting products

172Contents /About the ReportManagement Message

Space Systems

Sustainability Highlights

Initiatives that contribute toaddressing social challenges

Sustainability
ManagementCutting edge technologies at work across the vast business fields
in the space industry

Environment

Air Conditioning Systems▪ Large telescopes

Information & Communication Systems

Making communications easier and more convenient withtechnologies that "send" information

Home Appliances

We provide products for optical communication systems thatenable high-speed transfers of content-rich data, such as HD
videos, existing communications infrastructure including Internet.
We also contribute to making better society through varioussolutions, including wireless communication systems for smart
meters to optimize energy use and network camera systems to
make society safer and more secure.

Semiconductors & Devices▪ Wireless communication systems▪ Refrigerators and freezers ▪ Vacuum cleaners
Mainproducts ▪ EcoCute ▪ Lighting fixtures

IT Solutions

We supply semiconductors and devices that enable energy conservationand seamless communication systems as key devices in equipmentused in a wide range of fields, from home electronics to space. In
particular, power semiconductors devices are used in a truly wide rangeof fields, such as power control systems and motor control systems forhome appliances, industrial equipment, electric vehicles and railways,
as well as wind turbines and photovoltaic systems. The performance ofour products helps to lower energy usage in each of these fields, too.
▪ Optical devices

Making the lives of our customers more comfortable
We supply a wide range of home appliances for the kitchen, livingroom, bedroom, and other locations. We will continue to makethe lives of customers more comfortable by supplying productsthat meet and exceed customer expectations.

Leading the way in realizing Green Transformation (GX) byproviding key devices underpinning a more affluent society

Main▪ Power semiconductors modules
products

Providing comfortable and energy-efficient air conditioning forindustry and in our everyday life

▪ Room air conditioners ▪ Commercial air conditioners
Main
products ▪ Refrigeration systems, water heaters, and industrial cooling and heating systems▪ Satellite control system▪ Optical communication systems
Mainproducts ▪ Network camera systems

About Mitsubishi
Electric Group

Governance

We provide not only in Japan but around the world with a broadrange of highly energy-efficient air conditioning systems for houses,stores, offices, buildings, factories, and industrial facilities whilefeaturing environmentally compatible, energy-saving technologies.
In the area of industrial cooling and heating, we also offer a wide
range of products and systems such as refrigerating machines,
chillers, and water heaters for a variety of users, from warehouses
and factories to ice skating rinks.

We have participated in the development of more than 650
satellites in various countries around the world. We are able toconduct all aspects of satellite development in-house, including
design, production, and testing using our test facilities that canreproduce the environment in space. We are also a world leader
in large telescopes, too, having been involved with the Subaru
Telescope in Hawaii and the ALMA Telescope in Chile.

Main▪ Satellites
products

Social▪ Rice cookers▪ Lossnay

Realizing comfort and convenience with IT
We provide IT solutions that underpin a more affluent lifeand society for use by companies and in social infrastructure.
Using cutting edge digital technology from AI to IoT, we help
our customers realize DX (digital transformation) to transformcustomers' work processes and create new value and businessmodels, in addition to solving various social issues.

▪ Automated radar terminal systems ▪ Flight information systems
Mainproducts ▪ Large-scale network systems ▪ Large-scale security systems▪ High frequency devices

173