Press Room
May 10, 2011
Notice Concerning Dividends
Mitsubishi Corporation (MC) has announced that the Board of Directors at a meeting held on May 10, 2011 decided to pay the following dividend to shareholders of record on March 31, 2011. This resolution is subject to approval at the ordinary general meeting of shareholders scheduled for June 24, 2011.
1. Details of Year-end Dividend
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Amount
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Most recent dividend forecast (October 29, 2010)
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Year Ended March 31, 2010
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Record date
|
March 31, 2011
|
March 31, 2011
|
March 31, 2010
|
Year-end dividend per share of common stock
|
39 yen
|
30 yen
|
21 yen
|
Total dividend
|
64,129 million yen
|
-
|
34,519 million yen
|
Effective date
|
June 27, 2011
|
-
|
June 25, 2010
|
Source of funds for dividend
|
Retained earnings
|
-
|
Retained earnings
|
2. Reason
MC’s dividend policy is to continue to maximize corporate value by utilizing retained earnings, while linking dividends to consolidated net income attributable to Mitsubishi Corporation.
As announced separately today, MC posted consolidated net income attributable to Mitsubishi Corporation of 463.2 billion yen for the fiscal year ended March 31, 2011, exceeding the 400.0 billion yen forecast announced at the end of October 2010. Accordingly, MC has decided to declare an annual ordinary dividend per share applicable to the fiscal year ended March 31, 2011 of 65 yen, comprising an interim dividend of 26 yen with a record date of September 30, and a year-end dividend of 39 yen.
(Reference) Annual Ordinary Dividend Breakdown
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Annual ordinary dividend per share (Yen)
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||
Record date
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September 30 (Interim)
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March 31 (Year-end)
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Annual
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Fiscal year ended March 31, 2011
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26
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39
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65
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Fiscal year ended March 31, 2010
|
17
|
21
|
38
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Inquiry Recipient
Mitsubishi CorporationTelephone:+81-3-3210-2171 / Facsimile:+81-3-5252-7705