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FOR IMMEDIATE RELEASE No. 2686
Mitsubishi Electric Reimburses Overcharged Expenses on Contracts with Ministry of Internal Affairs and Communications
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Tokyo, July 4, 2012 - Mitsubishi Electric Corporation (TOKYO: 6503) today reimbursed 26,081,684 yen to the national treasury in relation to overcharged expenses on contracts by the company's Kamakura Works for consigned research and development of "polarization division multiplexing technology for satellite communications" carried out from June 2006 to March 2009 on behalf of the Ministry of Internal Affairs and Communications (MIC).
The company's business performance for the fiscal year ending March 2013 has not been changed in relation to this refund.
Mitsubishi Electric is currently cooperating fully with investigations concerning overcharged expenses to Japan's Ministry of Defense, Cabinet Satellite Intelligence Center and Japan Aerospace Exploration Agency, and will disclose any impact as soon as the situation is better understood.
Mitsubishi Electric is currently cooperating fully with investigations concerning overcharged expenses to Japan's Ministry of Defense, Cabinet Satellite Intelligence Center and Japan Aerospace Exploration Agency, and will disclose any impact as soon as the situation is better understood.
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