While the statements herein, including the forecasts regarding the Mitsubishi Electric Group, are based on assumptions considered to be reasonable under the circumstances on the date of announcement, actual results may differ significantly from forecasts.

　The main factors materially affecting the expectations expressed herein include but are not limited to the following:

1. (1) Changes in worldwide economic and social conditions, as well as regulations, taxation and other legislation
2. (2) Changes in foreign currency exchange rates
3. (3) Changes in stock markets
4. (4) Changes in the fund-raising environment
5. (5) Changes in the supply and demand of products, as well as the material procurement environment
6. (6) Establishment of important patents, status of significant licenses and disputes related to key patents
7. (7) Litigation and other legal proceedings
8. (8) Issues related to quality and defects in products or services
9. (9) Laws, regulations and issues related to the global environment, especially responses to climate change
10. (10) Laws, regulations and issues related to human rights
11. (11) Radical technological innovation, as well as the development, manufacturing and time-to-market of products using new technology
12. (12) Business restructuring
13. (13) Information security incidents
14. (14) Large-scale disasters, including earthquakes, tsunamis, typhoons, volcanic eruptions and fires
15. (15) Social, economic and political upheaval due to heightened geopolitical risks, war, conflict, terrorism or other factors
16. (16) Social, economic and political upheaval due to pandemics or other factors
17. (17) Important matters related to Mitsubishi Electric Corporation’s directors and executive officers, major shareholders, affiliated companies and other stakeholders