Mitsubishi Electric In-house Donation Program to Aid Victims of Earthquakes in Kumamoto and Surrounding Areas of Japan
June 26, 2016 | By Business Wire News
TOKYO
Mitsubishi Electric Corporation (TOKYO:6503) announced today that the Mitsubishi Electric Group would donate a cumulative 62,816,510 yen (approximately US$560,000) through an in-house matching-gift program — the Mitsubishi Electric SOCIO-ROOTS Fund — to people affected by the series of earthquakes that struck Kumamoto Prefecture and surrounding areas of southern Japan beginning April 14.
Donations were collected at Mitsubishi Electric offices worldwide from April 22 to May 31. Contributions from employees amounted to 31,408,255 yen, which the company then doubled. Of the total, 56,534,829 yen will be donated to the Central Community Chest of Japan and the remainder will be transferred to the Japan Council on Disability on June 30.
In addition, Mitsubishi Electric made a separate corporate donation of 50 million yen (approximately US$440,000), as announced on April 17.
The Mitsubishi Electric Group once again expresses its deepest sympathies to those affected by the disaster and its sincerest best wishes for a speedy recovery.
About Mitsubishi Electric SOCIO-ROOTS Fund
Established in 1992, the Mitsubishi Electric SOCIO-ROOTS Fund is open to Mitsubishi Electric employees in Japan, or worldwide in special cases. Each year, many employees across the country take advantage of the fund to support various facilities and programs involved with social welfare.
About Mitsubishi Electric Corporation
With over 90 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. Embracing the spirit of its corporate statement, Changes for the Better, and its environmental statement, Eco Changes, Mitsubishi Electric endeavors to be a global, leading green company, enriching society with technology. The company recorded consolidated group sales of 4,394.3 billion yen (US$ 38.8 billion*) in the fiscal year ended March 31, 2016. For more information visit:
www.MitsubishiElectric.com
*At an exchange rate of 113 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2016
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