Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
February 25, 2025 | |
Company name: | UNION TOOL CO. |
Name of Representative: | Takao Katayama, CEO |
Code No. 6278 TSE Prime | |
Contact: | Norimasa Kurata |
Executive Officer | |
Phone: 03-5493-1017 |
Notice of Dividend of Surplus
UNION TOOL CO. (the "Company") hereby announces that today, its Board of Directors decided to submit the following proposal regarding the appropriation of surplus with a record date of December 31, 2024, as a resolution at the Company's 64th Ordinary General Meeting of Shareholders scheduled for March 27, 2025.
1. Details of the Dividends
Most recent dividend forecast | Actual results for the previous | ||
Determined amount | (Announced on February 14, | ||
fiscal year | |||
2025) | |||
Record date | December 31,2024 | Same as Left | December 31,2023 |
Dividend per share | 60.00 yen | Same as Left | 42.00 yen |
Total amount of dividends | 1,036 million yen | － | 725 million yen |
Effective date | March 28, 2025 | － | March 29, 2024 |
Source of dividends | Retained earnings | － | Retained earnings |
(Reference) Breakdown of Annual Dividend | |||
Dividend per share | |||
Record date | End of the 2nd quarter | Year-end | Total |
Actual results for the current | 45.00 yen | 60.00 yen | 105.00 yen |
fiscal year | |||
Actual results for the previous | |||
fiscal year | 42.00 yen | 42.00 yen | 84.00 yen |
(Fiscal year ended December 31, | |||
2023) |
2. Reasons
The Company believes in the importance of generating profits through its business activities and allocating funds by carefully balancing shareholder returns, growth investments, and management stability. As for the basic policy for shareholder returns, the Company makes decisions based on consolidated performance and the status of free cash flows. Under this basic policy, since the consolidated performance for the fiscal year ended December 2024 exceeded our expectations, the Company has decided to provide shareholder returns through dividends of 60 yen per share.