Toto Ltd TSE:5332

TOTO : Notice of Distribution of Surplus Funds (Increased Dividend)

Published

Source: MarketScreener

2003年3月




To whom it may concern:

October 30, 2015

Listed Company Name:

TOTO LTD.

Representative:

Madoka Kitamura,

President , Representative Director

Code Number:

5332

(First Section of Tokyo/Nagoya Stock Exchanges, Fukuoka Stock Exchange)

Contact Person:

Masanori Akasaka,

General Manager of Public & Investors Relations Dept.

(TEL: +81-3-6836-2024)


Notice of Distribution of Surplus Funds (Increased Dividend)


The Board of Directors meeting of TOTO LTD. held on October 30, 2015 adopted a resolution to distribute surplus funds with the date of record of September 30, 2015, as follows.


  1. Dividend


    Confirmed dividend

    Latest forecasted dividend

    (announced as of July 31, 2015)

    Results for the previous period

    (Year ending March 2015)

    Date of record

    September 30, 2015

    As on left

    September 30, 2014

    Dividend per share

    15 yen

    14 yen

    13 yen

    Total dividend

    5,073 million yen

    -

    4,395 million yen

    Payout date

    December 1, 2015

    -

    December 1, 2014

    Dividend source

    Surplus funds

    -

    Surplus funds


  2. Reasons

The earnings results for the second quarter exceeded expectations both in domestic and overseas housing equipment businesses. Given such results and the financial conditions, earnings levels, and dividend payout ratio, the Company has decided to increase its interim dividend from 14 yen to 15 yen, up by 1 yen. The Company has also decided to increase its year-end dividend from 28 yen to 30 yen, up by 2 yen.


Reference: Breakdown of Annual Dividend

Dividend per share

Date of record

Half-year end

Year-end

Total

Results for the current period

15 yen

30 yen (forecast) ※

－ ※

Results for the previous period (Year ending March 2015)

13 yen

13 yen

26 yen


※With a one-for-two reverse split having been effected as of October 1, 2015, the year-end dividend will be twice as much as the interim dividend at the end of the second quarter. As for the full-year dividend per share, the interim dividend and year-end dividend cannot be simply added together, and is therefore shown as '-.'


This notice has been translated from the original notice in Japanese. In the event of any discrepancy, the original in Japanese shall prevail.

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