TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today the agreement execution date, location and president of Mitsubishi Electric Building Solutions Corporation, a new subsidiary that will be established on April 1 to manage Mitsubishi Electric�s building systems management business. The details were still undecided when Mitsubishi Electric announced that it would integrate its building systems business under a subsidiary following a company split last October 18 as well as when the new company�s name was announced on November 11.

Other previously announced details regarding the new company remain the same, as follow (newly announced details underlined):

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