Disclaimer: This document is an English translation of the original document in Japanese and has been prepared solely for reference purposes. In the event of any discrepancy between this English translation and the original in Japanese, the original shall prevail in all respects.
May 25, 2022 | |
To whom it may concern: | |
Company Name: | Japan Aviation Electronics Industry, Limited |
Representative: | Tsutomu Onohara, President |
(Securities number: 6807 Tokyo Stock Exchange Prime Market) | |
Contact: | Kazuhiko Aoki |
Associate Senior Vice President | |
General Manager Accounting and Financial Division | |
(Phone: +81-3-3780-2752) |
Notice Concerning Dividends of Surplus
Japan Aviation Electronics Industry, Limited (JAE) hereby announces that at the Board of Directors' meeting held on May 25, 2022, it resolved to pay dividends of surplus (year-end dividend) with a record date of March 31, 2022, as indicated below.
1. Details of dividend
Most recent dividend | Actual results for the | ||
Determined amount | forecast | previous fiscal year | |
(Announced on April 27, | (Fiscal year ended March | ||
2022) | 31, 2021) | ||
Record date | March 31, 2022 | Same as on the left | March 31, 2021 |
Dividend per share | 20 yen | 20 yen | 15 yen |
Total amount of dividends | 1,819 million yen | - | 1,364 million yen |
Effective date | June 8, 2022 | - | June 8, 2021 |
Source of dividends | Retained earnings | - | Retained earnings |
2. Reason
JAE, focusing on the improvement of business performance, upholds the basic policy of strengthening its financial structure in the medium- to long-term and paying out stable dividends to shareholders, while taking into account capital investments and research and development investments both in Japan and overseas to ensure sustainable growth and the improvement of profits in the future.
Based on this basic policy, JAE will pay a year-end dividend of 20 yen per share. Accordingly, the annual dividend for the current fiscal year will be 35 yen per share including the interim dividend of 15 yen per share.
JAE's Articles of Incorporation stipulate that it may pay dividends of surplus by resolution of the Board of Directors.
(Reference) Breakdown of annual dividend
Dividend per share (Yen) | |||||
Interim dividend | Year-end dividend | Annual dividend | |||
Results for the current fiscal year | 15 yen | 20 yen | 35 yen | ||
Results for the previous fiscal year | 10 yen | 15 yen | 25 yen | ||
(Fiscal year ended March 31, 2021) | |||||