February 14, 2022 | |
Dear all | |
Company name | Ultrafabrics Holdings Co., Ltd |
Representative | Noboru Yoshimura |
name | Representative Director & President |
Code No. | 4235 (JASDAQ) |
Contact | Takashi Kabe |
Chief Controller, Administration | |
Department | |
Telephone number | 042-644-6515 |
Notice Regarding Distribution of Dividend from Surplus
At the Board of Directors meeting held on February 14, 2022, the company resolved to distribute dividends from surplus as given below with the record date December 31, 2021.
Description
1. Details of Dividends
Latest dividend forecast | Results for the previous period | |||||||||
Determined amount | (Announced on February 15, | |||||||||
(Period ended December 2020) | ||||||||||
2021) | ||||||||||
Record date | December 31, 2021 | December 31, 2021 | December 31, 2020 | |||||||
Dividend | Common stock 28.00 yen | Common stock 26.00 yen | Common stock 20.00 yen | |||||||
per share | Type A preferred stock 30.00 yen | Type A preferred stock 28.00 yen | Type A preferred stock 22.00 yen | |||||||
Distribution | Common stock 209 million yen | Common stock 130 million yen | ||||||||
Type A preferred stock 56 million | ‒ | Type A preferred stock 40 million | ||||||||
total amount | ||||||||||
yen | yen | |||||||||
Effective | March 28, 2022 | ‒ | March 29, 2021 | |||||||
date | ||||||||||
Source of | Retained earnings | ‒ | Retained earnings | |||||||
dividends | ||||||||||
2. Reason
The company's basic policy is to continue paying stable dividends to shareholders while strengthening the corporate structure, considering the enhancement of internal reserves to prepare for future business development.
The performance for the fiscal year that ended on December 31, 2021, exceeded the forecast announced at the beginning of the fiscal year, mainly due to the higher-than-expected sales volume from the automobile sector in the wake of favorable vehicle sales. Regarding the year-end dividend for the fiscal year ended December 31, 2021, the company has decided to increase the dividend from the forecast announced on February 15, 2021, to 28 yen per share for common stock and 30 yen per share for type A preferred stock, comprehensively considering future trends in business performance, financial position, business development, and other factors.
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The medium-term management plan for the period from FY 2022 to FY 2024, announced today, states that given the continued high level of demand for capital investment, the dividend payout ratio will be approximately 30%, to balance the allocation of the profits generated to investment, retained earnings, and shareholder returns.
End of document
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