TOKYO, September 25, 2000--Mitsubishi Electric Corporation (President and CEO: Ichiro Taniguchi) has reached an agreement with Mitsulift and Equipment S.A.L. (Mitsulift) - an elevator sales, installation and maintenance company in Lebanon - to invest in them.

1. Forecasts for consolidated fiscal year 2001 results have been revised from estimated forecasts in the Financial Results announcement of May 2000.

(1) First Half (April 2000-September 2000)      (Unit: 100 million yen)

	Net Sales	Income Before Income Taxes	Net Income (Loss)
Revised Forecast (A)	18,800	1,250	750
Original Forecast (B)	17,500	600	400
Change (A-B)	+1,300	+650	+350
Previous (2000) Fiscal Year (First Half) Results	16,787	5	(33)

(2) Annual (April 2000-March 2001)      (Unit: 100 million yen)

	Net Sales	Income Before Income Taxes	Net Income
Revised Forecast (A)	42,000	2,000	1,200
Original Forecast (B)	39,000	1,150	750
Change (A-B)	+3,000	+850	+450
Previous (2000) Fiscal Year (Annual) Results	37,742	402	248

2. Forecasts for non-consolidated fiscal year 2001 results have been revised from estimated forecasts in the Financial Results announcement of May 2000.

(1) First Half (April 2000-September 2000)      (Unit: 100 million yen)

	Net Sales	Ordinary Profit	Net Income (Loss)
Revised Forecast (A)	13,000	600	70
Original Forecast (B)	12,000	100	(250)
Change (A-B)	+1,000	+500	+320
Previous (2000) Fiscal Year (First Half) Results	11,872	51	48

(2) Annual (April 2000-March 2001)      (Unit: 100 million yen)

	Net Sales	Ordinary Profit	Net Income
Revised Forecast (A)	29,500	1,150	320
Original Forecast (B)	28,000	600	50
Change (A-B)	+1,500	+550	+270
Previous (2000) Fiscal Year (Annual) Results	27,050	321	122

Reasons for Revised Forecast Results
Due to the continued good performance of mobile phones carried over from the previous year and greater demand for semiconductors, which includes increased demand for PC-related products and the tight supply-demand situation for mobile phone memory and optical devices, sales figures are shifting to be greater than initially forecast. Furthermore, supported by increased demand for IT-related capital expenditures, sales of factory automation products increased and due to hot weather, air conditioners also met increased sales. As a result, almost all business segments are expected to have greater net sales than initially forecast.

Profitability is expected to be greater than initially forecast due to increased operating profits stemming from increased net sales.

In the first half of this fiscal year, the company contributed certain marketable equity securities as an employee retirement benefit trust. As a result, in annual profit figures, 66.9 billion yen was contributed to consolidated income before income taxes and 38.8 yen was contributed to consolidated net income.

Dividend
Mitsubishi Electric plans to make a dividend payment of 4 yen per share for the first installment of its biannual dividend payment. Dividend payment for the second half of the current fiscal year is yet to be decided.

(Reference) For the previous fiscal year (2000), the dividend payment was 2.5 yen for the first half and 2.5 yen for the second half (for a total annual dividend of 5 yen per share).

About Mitsubishi Electric Corporation

With more than 75 years of experience in providing reliable, high-quality products to both corporate clients and general consumers all over the world, Mitsubishi Electric Corporation (FTSE: 6503q.l) 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 construction. With operations in 36 countries, Mitsubishi Electric Corporation recorded consolidated group sales of over US$35 billion in the year ended March 31, 2000. Additional information on Mitsubishi Electric Corporation is available at global.mitsubishielectric.com.