SUMIDA: Investor News

Notice of the Year-End Dividend for Fiscal Year 2016

February 21st 2017 Press Release

The Board of Directors resolved over the payment of the dividend for the year-end dividend for the Fiscal Year 2016 ending December 31, 2016 and the dividend policy for Fiscal Year 2017.

  1. Contents of the year-end dividend for Fiscal Year 2016
      Resolved Most Recent Forecast
    (announced on February 6, 2017)
    Record Date December 31, 2016 December 31, 2016
    Dividend per Share 16 yen 16 yen
    Total Amount of Dividend Paid 371 million JPY -
    Effective Date March 6, 2017 -
    Dividend Resource Retained Earnings -
    As of December 31, 2016, the total number of issued shares is 23,944,317 shares and of which 733,599 shares are treasury stocks.  Therefore, 23,210,718 shares would be those for which the year-end dividend be distributed.

  2. Dividend Policy for Fiscal Year 2017

    The Company’s basic policy for the return of profits to shareholders is to deliver dividends in consideration of a consolidated dividend payout ratio (25% to 30%) with top priority on the profit distribution through dividends.

    Regarding the payment method of dividends, the Company pays quarterly the amount obtained by dividing the amount of scheduled annual dividend into quarters. In addition, in order to have dividends reflect the consolidated business results, if the dividend amount calculated according to the consolidated dividend payout ratio (25% to 30%) exceeds the scheduled amount of annual dividend, it is the Company’s policy to add the excess amount to the year-end dividend.

    The dividend payment schedule for Fiscal Year 2017 is:

    Fiscal Year 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total
    2017 (plan) 6 JPY 6 JPY 6 JPY 6 JPY
    24 JPY