SUMIDA: Investor News

Notice of the 1st Quarter Dividend for Fiscal Year 2019

May 7th 2019 Press Release

The Board of Directors of SUMIDA CORPORATION determined to pay a year-end dividend for the Fiscal Year 2019 ended March 31, 2019. The details are as follows.

1. Details of the Dividend for the 1st Quarter FY2019

  Determined Most Recent Forecast
(Announced on February 21, 2019)
Record Date March 31, 2019 March 31, 2019
Dividend per Share 6 yen 6 yen
Total Amount of Dividend Paid 162 million yen -
Effective Date May 31, 2019 -
Dividend Resource Retained Earnings -
As of March 31, 2019, a total of 27,444,317 shares were issued, of which 325,739 shares were treasury stocks. Therefore, the 1st quarter dividend for the fiscal year 2019 will be paid for 27,118,578 shares.

 

2. Dividend Policy for Fiscal Year 2019

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 QTR 2nd QTR 3rd QTR 4th QTR Total
Dividend payout for 2019 (Plan) 6 JPY 6 JPY 6 JPY 15 JPY (Plan) 33 JPY (Plan)

Archive