April 23, 2019
PRESS RELEASE
KOITO MANUFACTURING CO., LTD. Representative Director: Hiroshi Mihara, President (Stock Code: 7276 First Section, TSE)
Inquiries: Atsushi Inoue, Managing Corporate Officer General Affairs Dept.
(Tel: +81-3-3443-7111)
Announcement Regarding Dividend Proposals by the Board
KOITO MANUFACTURING CO., LTD. ("KOITO") announces that, at the meeting of the Board of Directors on April 23, 2019, it was resolved to pay dividends as appropriation of retained earnings for the record date of March 31, 2019, as follows:
1．Details of Year-end Dividends
Most recent dividend | Actual year-end dividend | ||
Proposed dividend | forecast (announced | ||
for year end of March 31, 2018 | |||
January 25, 2019) | |||
Record date | March 31, 2019 | March 31, 2019 | March 31, 2018 |
Dividend per share | ¥52.00 | (TBD) | ¥60.00 |
(ordinary dividend ¥40.00) | |||
(extraordinary dividend ¥20.00) | |||
Total amount of | ¥8,358 million | － | ¥9,643 million |
dividends | |||
Effective date | June 28, 2019 | － | June 29, 2018 |
Source of dividends | Retained earnings | － | Retained earnings |
2．Reason for the Dividend Amount
KOITO's policy is to continuously pay stable dividends to shareholders based on the comprehensive evaluation of our present business results, business climate, etc. In accordance with the policy, KOITO has decided to pay ¥52 of year-end dividend per share.
Accordingly, the full year dividend, including the interim dividend, is scheduled to be ¥92.
This matter will be presented for approval to the Annual Shareholders' Meeting of scheduled for June 27, 2019.
(Reference) Breakdown of Annual Dividends
Dividend per share (¥) | ||||
Record date | Second quarter | Year end | Full year | |
Actual results for the | ||||
current fiscal year / | 40.00 | 52.00 | 92.00 | |
proposed | ||||
(ended March 31, 2019) | ||||
Actual results for the | 60.00 | 96.00 | ||
previous fiscal year | 36.00 | (ordinary dividend 40.00) | (ordinary dividend 76.00) | |
(ended March 31, 2018) | (extraordinary dividend 20.00) | (extraordinary dividend 20.00) | ||