Mitsubishi Electric first clarified and formulated its code of corporate ethics in April 1990. The code has since undergone a series of revisions to reflect amendments to legislation and changes in the social environment.
mis of mitsubishi electric include:-
1. presidents message
2.Corporate Governance
3.organization and management.
Basic Corporate Governance Policy.
To realize sustained growth and increase corporate value, Mitsubishi Electric works to maintain the flexibility of its operations while promoting management transparency. These endeavors are supported by an efficient corporate governance structure that clearly defines and reinforces the supervisory functions of management while ensuring that the Company is responsive to the expectations of customers, shareholders, and all of our stakeholders.
To Our Shareholders-
During the fiscal year ended March 31, 2010, the business environment began emerging from the severe recessionary phase that started during the second half of the previous fiscal year, owing to factors such as economic stimulus packages implemented in individual countries and progress made in inventory adjustments. However, the low level of capital expenditures and other economic difficulties have significantly weakened this recovery. In addition, the business environment remained severe overall, exacerbated by such factors as the year-on-year strengthening of the yen against other currencies, particularly the U.S. dollar.
Under these unique conditions, the Mitsubishi Electric Group continued to emphasize Growth, Profitability and Efficiency, and Soundness, the three key viewpoints from which various initiatives emanate, resulting in implementation of an overall policy of Balanced Corporate Management. Accordingly, the Group has steadily been progressing with the implementation of company-wide business promotion measures, its growth strategy and diverse structural reforms. In order to flexibly address volatile changes in the business environment and to maintain and increase operating results, the Group also made intensive efforts to curtail fixed costs and reduce manufacturing costs.
As a result, the Mitsubishi Electric Group recorded consolidated net sales of ¥3,353.3 billion in the fiscal year ended March 31, 2010, down 9% compared with the previous fiscal year. From a profitability perspective, operating income fell 33% year-on-year to ¥94.3 billion, for a Group operating income ratio of 2.8%. Meanwhile, net income jumped 132% to ¥28.3 billion. Looking ahead, we will redouble efforts taken thus far to achieve all managerial targets with reference to indicators including operating income ratio, return on equity ratio and ratio of interest-bearing debt to total assets.
The Mitsubishi Electric Group is now promoting growth strategies that exceed the efforts it has made to date. To that end, the Group is undertaking activities that include promoting environment-related business strategies, expanding business activities in emerging markets such as China and India, bolstering the social infrastructure systems business and developing the solutions business by effectively combining Mitsubishi Electric's wide array of technology and expertise. Working to refine its robust management structure to be more resilient in today's ever-fluctuating business climate, the Mitsubishi Electric Group will further hone the "manufacturing craftsmanship" capabilities integral to its operations while endeavoring to further increase corporate value.
As we stride forward resolutely to achieve these goals, we ask for your continued support and understanding.
June 2010
President & CEO
Kenichiro Yamanishi
Kenichiro Yamanishi
my example for management information system is based upon mc'donalds company.
when we pay them for something that is input.
and when we ask for some item in that particular environment is processing
and the services provided by them to us and the hygenic food is output.
My Wall
09/13/10
11:57 am Ratika
Mitsubishi Electric first clarified and formulated its code of corporate ethics in April 1990. The code has since undergone a series of revisions to reflect amendments to legislation and changes in the social environment.
mis of mitsubishi electric include:-
1. presidents message
2.Corporate Governance
3.organization and management.
Basic Corporate Governance Policy.
To realize sustained growth and increase corporate value, Mitsubishi Electric works to maintain the flexibility of its operations while promoting management transparency. These endeavors are supported by an efficient corporate governance structure that clearly defines and reinforces the supervisory functions of management while ensuring that the Company is responsive to the expectations of customers, shareholders, and all of our stakeholders.
To Our Shareholders-
During the fiscal year ended March 31, 2010, the business environment began emerging from the severe recessionary phase that started during the second half of the previous fiscal year, owing to factors such as economic stimulus packages implemented in individual countries and progress made in inventory adjustments. However, the low level of capital expenditures and other economic difficulties have significantly weakened this recovery. In addition, the business environment remained severe overall, exacerbated by such factors as the year-on-year strengthening of the yen against other currencies, particularly the U.S. dollar.
Under these unique conditions, the Mitsubishi Electric Group continued to emphasize Growth, Profitability and Efficiency, and Soundness, the three key viewpoints from which various initiatives emanate, resulting in implementation of an overall policy of Balanced Corporate Management. Accordingly, the Group has steadily been progressing with the implementation of company-wide business promotion measures, its growth strategy and diverse structural reforms. In order to flexibly address volatile changes in the business environment and to maintain and increase operating results, the Group also made intensive efforts to curtail fixed costs and reduce manufacturing costs.
As a result, the Mitsubishi Electric Group recorded consolidated net sales of ¥3,353.3 billion in the fiscal year ended March 31, 2010, down 9% compared with the previous fiscal year. From a profitability perspective, operating income fell 33% year-on-year to ¥94.3 billion, for a Group operating income ratio of 2.8%. Meanwhile, net income jumped 132% to ¥28.3 billion. Looking ahead, we will redouble efforts taken thus far to achieve all managerial targets with reference to indicators including operating income ratio, return on equity ratio and ratio of interest-bearing debt to total assets.
The Mitsubishi Electric Group is now promoting growth strategies that exceed the efforts it has made to date. To that end, the Group is undertaking activities that include promoting environment-related business strategies, expanding business activities in emerging markets such as China and India, bolstering the social infrastructure systems business and developing the solutions business by effectively combining Mitsubishi Electric's wide array of technology and expertise. Working to refine its robust management structure to be more resilient in today's ever-fluctuating business climate, the Mitsubishi Electric Group will further hone the "manufacturing craftsmanship" capabilities integral to its operations while endeavoring to further increase corporate value.
As we stride forward resolutely to achieve these goals, we ask for your continued support and understanding.
June 2010
President & CEO
Kenichiro Yamanishi
Kenichiro Yamanishi
08/12/10
1:20 pm Ratika
my example for management information system is based upon mc'donalds company.
when we pay them for something that is input.
and when we ask for some item in that particular environment is processing
and the services provided by them to us and the hygenic food is output.