Mitsubishi Leaves Handset Business

MITSUBISHI ELECTRIC TO TERMINATE MOBILE HANDSET BUSINESS
AND STRATEGICALLY SHIFT RESOURCES TO STRONG BUSINESSES 


 
Tokyo, March 3, 2008 – Mitsubishi Electric Corporation (President and CEO: Setsuhiro Shimomura) announced today that the company has decided to no longer continue its mobile handset business in Japan in order to strategically shift resources to the communication-related business and other businesses the company plans to strengthen. This decision has been made with a view to further accelerate the company’s growth strategy under the management policy of “making strong businesses stronger.”

Source: Mitsubishi Press Release