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Mitsubishi Corporation Summary of Results of FY2022 and Forecast for FY2023 May 9, 2023 Mitsubishi Corporation Forecast for FY2021 FY2022 Change FY2022 (Announced Feb. 3) Change (Billions of Yen) Forecast for FY2023 Consolidated net income 937.5 1,180.7 +243.2 1,150.0 +30.7 920.0 Dividend per share 150 yen 180 yen +30 yen 180 yen ±0 yen 200 yen Share buybacks 70.0 370.0 +300.0 170.0 +200.0 100.0 (upper limit) Results of FY2022 ✓ Record high earnings for a second consecutive year, surpassing ¥1 trillion for the first time ever. While losses were recorded in Mineral Resources and Automotive & Mobility due to asset revaluation, increased profits in Power Solution and other segments led to earnings ¥30.7 billion higher than the forecast announced in February. ✓ In light of this strong performance and recent cash flows, additional share buybacks of up to ¥200.0 billion have been decided. This is in addition to the total payout of approximately ¥430.0 billion announced in February (comprising of ¥180 dividend per share and ¥170.0 billion in share buybacks). Forecast for FY2023 ✓ Consolidated net income is forecast at ¥920.0 billion, a year-over-year decrease mainly due to market factors, but remains high at over ¥900.0 billion. Reflecting firm profit level and the decrease in the total number of shares due to buybacks, the dividend per share is forecast at ¥200 (up ¥20 year over year). In addition, implementation of share buybacks of up to ¥100.0 billion has been decided. Consolidated net income 1,180.7 Earnings and shareholder returns Earnings independent of market factors*1 Share Buybacks Total Dividends Total Payout Ratio Including Additional returns) 920.0 (Billions of Yen) 730.0 *2 Total share buybacks of up to ¥300.0 billion, to begin May 2023 53% 730.0 200.0*2 Additional returns 36% 170.0 Dividends 259.3 (Dividend per Feb. forecast Approx. ¥430.0 bn. share: ¥180) FY2022 Result Approx. 40% 100.0*2 Dividends Approx.275.0 (Dividend per share: ¥200) FY2023 Forecast *1 Earnings after adjustment based on market price assumptions for the year ending March 2025 made when formulating Midterm Corporate Strategy 2024. Copyright © 2023 Mitsubishi Corporation 3

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