SUMIDA: Investor News

Notice of Dividend for 4th Quarter of Fiscal Year 2011 & Dividend Policy for Fiscal Year 2012

February 7th 2012 Press Release

Following the resolution made at the Board of Directors’ meeting held today, SUMIDA CORPORATION regrets to inform you of the payment of dividend for the 4th quarter of FY2011 ending December 31, 2011.

  1. Dividend for 4th Quarter of Fiscal Year 2011
    1.   Resolved Most Recent Forecast
      (announced on October 28, 2011)
      Record Date December 31, 2011  December 31, 2011 
      Dividend per Share Nil TBD
    2. Reasons for the above resolution
      After considering business results for FY2011 as well as Sumida’s dividend policy, the Board of Directors decided that the total annual dividend for FY2011 is to be 20 JPY per share. This is the minimum amount payable as prescribed in Sumida’s dividend policy. As the cumulative dividend already paid for the last three quarters is 20 JPY, no dividend for the 4th quarter of FY2011 will be paid.
  2. Dividend Policy for Fiscal Year 2012
    There is no change in the Dividend Policy for Fiscal Year 2012.

    [Dividend Policy]

    • The Company shall decide on the base amount of annual dividend at the beginning of the next fiscal year in accordance with the annual business plan and basic dividend payout ratio (25%-30%) and divide it into quarters to pay on a quarterly basis. However, in order to ensure stable dividends, the base amount of annual dividend shall be 20 yen or more per share.
    • In addition, in order to have dividends reflect the consolidated business results, if the dividend amount calculated with consolidated net income and basic dividend payout ratio exceeds the base amount of annual dividend, the Company shall add the excess amount to the annual dividend when paying dividends for the fourth quarter (represented “α” in the below table). 

    The dividend payment schedule for Fiscal Year 2012 is:

    Fiscal Year 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total
    2012 (plan) 5 JPY 5 JPY 5 JPY 5 + α JPY* 20 + α JPY*

     

 Please click on the press release link above to view a pdf version of this item. 

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