To Whom It May Concern
Company name: Okamura Corporation
Representative: Masayuki Nakamura
March 19, 2014
President and Representative Director
(Code Number: 7994, 1st Section of TSE) Contact: Kiyoshi Sato, Senior Managing Director and Senior
General Manager of Administration Division
(TEL: 045-319-3445)
Announcement of Revised Dividend Forecast
We hereby announce that the Board of Directors of Okamura Corporation (hereinafter referred to as "the
Company"), at its board meeting held on March 19, 2014 resolved to revise its dividend forecast for the current fiscal year ending March 2014 as follows:
Items
1. Reasons for dividend forecast
The Company considers the return of appropriate profits to its shareholders to be an important management priority. In implementing our profit distribution policy, we seek to allocate reasonable profits to shareholders in accordance with the Company's earnings results and also to maintain stable dividends based on overall consideration of the Company's financial condition, future business expansion, required earnings retention, and other such considerations.
We have revised the final dividend for the fiscal year ending March 2014 to 10 yen per share in consideration of the strong business performance during the term. Adding the amount of interim dividend (7 yen per share) to the revised amount of the final dividend, the amount of the annual dividend will be 17 yen per share.
This issue will be discussed at the Company's annual meeting of shareholders to be held in late June,
2014.
2. Revised details
Annual dividend | |||||
End of first quarter | End of second quarter | End of third quarter | End of fiscal year | Total | |
Previous forecast (Announced on May 10, 2013) | - | 7 yen | - | 7 yen | 14 yen |
Revised forecast | - | - | - | 10 yen | 17 yen |
Actual performance in current year | - | 7 yen | - | ||
Actual performance in previous year (fiscal year ending March 2013) | - | 6 yen | - | 6 yen | 12 yen |
