MITSUBISHI ELECTRIC CORPORATIONPUBLIC RELATIONS DIVISION
7-3, Marunouchi 2-chome, Chiyoda-ku, Tokyo, 100-8310 JapanFOR IMMEDIATE RELEASE

No. 3474
Media Inquiries
Public Relations Division
Mitsubishi Electric Corporation
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www.MitsubishiElectric.com/news/

Mitsubishi Electric Announces Disciplinary Actions against
Directors & Officers in Connection with Improper Quality Control Practices
TOKYO, December 23, 2021 – Mitsubishi Electric Corporation (TOKYO: 6503) announces today receipt ofthe report on managerial responsibility of Directors and Executive Officers by the Governance Review
Committee (Chair: Toshiaki Yamaguchi, Yamaguchi Toshiaki Law Office), which was established as a Boardcommissioned body on October 20, 2021, to assess whether there was room for improvement in the Company’s
overall internal control system and governance, in response to the series of improper quality control practices.
The Company has taken the content of this report very seriously and the Board of Directors and theCompensation Committee held today have resolved the disciplinary actions to be taken against the relevant
directors and officers, as detailed below.
The Governance Review Committee will aim to provide a summary of issues identified and recommendations
for improvement by March 2022. The Board will take these recommendations on board and work to strengthen
its internal control system and governance.
Disciplinary actions to be taken against directors and officers relating to further improper quality control
practices which may come to light going forward, including those facts discovered in the Investigative Report(Second Report)*, shall be examined by the Governance Review Committee, and considered by the Company
based thereon.
* Update on the Results of the Investigation into Improper Quality Control Practices (Second Report) released on December 23, 2021
https://www.MitsubishiElectric.com/news/2021/1223-b.html

1. Managerial responsibility
The managerial responsibility is as stated in “Report by the Governance Review Committee (First Report).”https://www.MitsubishiElectric.com/news/2021/1223-c.html

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2. Disciplinary actions against directors & officers
Incumbent directors and officers shall be subject to a reduction in compensation from January 2022, andretired directors and officers shall be requested to voluntarily return their pay, as detailed below.
Current titleSenior Advisor

Name
Masaki Sakuyama

Details of actions
Request for the voluntary

Notes
Former President & CEO

return of pay(50% of basic monthly
compensation × 6 months)
Senior Advisor

Takeshi Sugiyama

Request for the voluntary

Ex-President & CEO

return of pay(50% of basic monthly
compensation × 6 months
and a portion of retirement
benefits)
President & CEO

Kei Uruma

Reduction in compensation

Ex-Group President, Factory(50% of basic monthly

Automation Systems

compensation × 4 months)

Ex-Group President, Public
Utility Systems

Senior Vice President Yoshikazu Miyata

Executive OfficerHideki Fukushima

Reduction in compensation

Current Group President,(30% of basic monthly

Factory Automationcompensation × 3 months)

Systems

Reduction in compensation

Current Group President,(30% of basic monthly

Public Utility Systems

compensation × 3 months)
Executive Officer

Atsuhiro Yabu

Reduction in compensation

Ex-Group President,(20% of basic monthly

Corporate Total Productivity

compensation × 3 months)

Management &Environmental Programs

Senior Advisor

Director (Member ofthe Audit Committee)

Hiroshi Onishi

Masahiko Sagawa

Request for the voluntary

Former Group President,

return of pay

Corporate Total Productivity(20% of basic monthly

Management &compensation × 3 months)

Environmental Programs

Reduction in compensation(20% of basic monthly
compensation × 3 months)

Senior Advisor

Akihiro Matsuyama Request for the voluntary
return of pay(20% of basic monthly
compensation × 3 months)
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Former Director (Member ofthe Audit Committee)

Current title
Director

Name

Details of actions

Notes

Tadashi Kawagoishi Reduction in compensation(10% of basic monthly
compensation × 2 months)

Senior Advisor

Nobuyuki Okuma

Request for the voluntary

Former Director

return of pay(10% of basic monthly
compensation × 2 months)
Senior Advisor

Shinji Harada

Request for the voluntary

Former Director

return of pay(10% of basic monthly
compensation × 2 months)[Supplementary information](1) Considering the improper quality control practices and other factors, Mr. Sugiyama resigned fromPresident & CEO as of July 28, 2021, and Mr. Sakuyama resigned from Chairman, Member of theBoard as of October 1, 2021.
(2) The basic monthly compensation of incumbent officers and retired officers has been calculated basedon the basic monthly compensation for the fiscal year ending March 31, 2022, and at the time of
their retirement, respectively.
###About Mitsubishi Electric Corporation
With 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 andelectronic 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 4,191.4 billion yen (U.S.$ 37.8 billion*) in the fiscal year ended March 31, 2021. For
more information, please visit www.MitsubishiElectric.com*U.S. dollar amounts are translated from yen at the rate of ¥111=U.S.$1, the approximate rate on the Tokyo
Foreign Exchange Market on March 31, 2021

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