SUMIDA: Investor News

Notice of the Year-End Dividend for Fiscal Year 2017

February 13th 2018 Press Release

The Board of Directors of SUMIDA CORPORATION determined to pay a dividend for the fourth quarter of the Fiscal Year 2017 ended December 31st, 2017. The details are set out in the table below.

  1. Contents of the Year-End Dividend for Fiscal Year 2017
      Determined Most Recent Forecast
    (Announced on February 21, 2017)
    Record Date December 31, 2017 December 31, 2017
    Dividend per Share 27 yen 6 yen
    Total Amount of Dividend Paid 721 million yen -
    Effective Date March 5, 2017 -
    Dividend Resource Retained Earnings -
    As of December 31st, 2017, the total number of issued shares is 27,444,317 shares and of which 734,541 shares are treasury stocks.  Therefore, 26,709,776 shares would be those for which the year-end dividend for fiscal year 2017 be distributed.
  2. Reason for the Revisions to Forecast of Annual Dividend 
    As a top priority of the Company to return profit to our shareholders, dividend with a dividend payout ratio of 25-30% has been paid as the Company’s basic policy.

    As stipulated in the articles of incorporation, dividends can be paid based on a Board resolution. Basic policy is a 4-times a year dividend.

    Concerning the payment method, the quarterly determined dividend amount is paid in the first up to the third quarter. With respect to the fourth quarter, however, a year-end dividend amount is paid, reflecting the consolidated results. If the dividend amount calculated based on the consolidated dividend payout ratio (25% to 30%) exceeds the scheduled annual dividend, it is the Company’s policy to add the excess amount to the year-end dividend.

    Retained earnings will be used for strengthening the financial structure as well as for maintaining future growth.

    Dividend for the fiscal period ending December 2017 amounting to 24 yen per share was planned in the beginning of the year, and a quarterly dividend amounting to 6 yen per share was paid from the first quarter to the third quarter. As the total annual dividend amount, calculated with a payout ratio based on the consolidated results, exceeded the initial annual dividend plan of 24 yen, a year-end dividend amounting to 27 yen per share will be paid.

  3. Dividend Policy for Fiscal Year 2018 and Dividend Payout Plan
    As a top priority of the company to return profits to our shareholders, offering dividend with a dividend payout ratio of 25-30% has been applied as a basic policy.

    As stipulated in the articles of incorporation, dividends can be paid based on a Board resolution. The basic policy is a 4-times a year dividend.

    Concerning the payment method, the quarterly determined dividend amount will be paid in the first up to the third quarter. With respect to the fourth quarter, however, the consolidated results will be reflected and a year-end dividend amount is paid, so that the total annual dividend amount can be adapted to a payout ratio of 25%-30%.

    Retained earnings will be used for strengthening the financial structure as well as for maintaining future growth.

      1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total
    Dividend Payout
    for 2018 (plan)
    6 JPY 6 JPY 6 JPY 18 JPY (plan) 36 JPY (plan)

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