This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
April 9, 2025
Company Name: FURUNO ELECTRIC CO., LTD.
Representative: Yukio Furuno, President and CEO
(Code: 6814 Tokyo Stock Exchange Prime Market)
Contact: Yutaka Wada, Director, Managing Executive Officer, and CFO (Telephone: ＋81-7-9863-1017)
Notice Concerning Dividends of Surplus (Dividend Increase)
FURUNO ELECTRIC CO., LTD. (hereinafter "the Company") hereby announces that it has resolved, at a meeting of the Board of Directors held on April 9, 2025, to submit a proposal regarding dividends of surplus with a record date of February 28, 2025, as described below, at the 74th Annual General Meeting of Shareholders scheduled to be held on May 22, 2025.
1. Details of dividends
Determined amount | Most recent dividend | Actual results for the | |
(Fiscal year 2024) | forecast (announced on | previous fiscal year | |
January 14, 2025) | (Fiscal year 2023) | ||
Record date | February 28, 2025 | February 28, 2025 | February 29, 2024 |
Dividend per share | ¥75.00 | ¥55.00 | ¥40.00 |
Total amount of | ¥2,369 million | - | ¥1,263 million |
dividends | |||
Effective date | May 23, 2025 | - | May 24, 2024 |
Source of dividends | Retained earnings | - | Retained earnings |
2. Reasons for revision
Regarding the profit distribution, the Company has set a target in its medium-term management plan (for the fiscal years 2023 through 2025) to build a management foundation capable of achieving a stable consolidated dividend payout ratio of 30% or more.
Based on this target, the Company has increased its year-end dividend forecast by 20 yen to 75 yen per share, taking into consideration the profit level and financial situation. This will bring the annual dividend per share to 110 yen, including the interim dividend of 35 yen per share.
(Reference) Annual dividend breakdown
Dividend per share | ||||
Interim | Year-end | Total amount of | ||
dividends | ||||
Actual dividend of the current fiscal year | ¥35.00 | ¥75.00 | ¥110.00 | |
（Fiscal year 2024） | ||||
Actual dividend of the previous fiscal year | ¥20.00 | ¥40.00 | ¥60.00 | |
（Fiscal year 2023） | ||||
(End of document) |