SUMIDA: Investor News

Notice of the 1st Quarter Dividend for Fiscal Year 2020

28 April 2020

SUMIDA CORPORATION (hereafter “the Company”) announces that its Board of Directors has passed a resolution at the meeting held on April 28, 2020 not to pay the dividend of surplus, with March 31 as the record date.

1. Details of the Dividend

First Quarter Dividend of FY2020

  Amount Determined Most Recent Dividend Forecast
(Announced on February 6, 2010)
Actual Dividend in the Previous Fiscal Year
(First Quarter Dividends in FY2019)
Record Date March 31, 2020 Same as on the left March 31, 2019
Dividend per Share 0 yen 6 yen 6 yen 
Total Amount of Dividend Paid 0 - 162 million yen
Effective Date - - May 31, 2019
Source of Dividends - - Retained earnings

 

2. Reason

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.

There is no prospect of the financial impact of the Novel Coronavirus (COVID-19) to the FY2020 net income currently, however, since a severe impact is expected, we have regrettably decided not to pay first quarter dividends.

3. Revision of FY2020 Dividend Forecast 

  Dividend Payment (yen)
Q1 Q2 Q3 Year-end Total
Dividend payout for 2020 (Previous Forecast) 6 JPY 6 JPY 6 JPY 6 JPY 24 JPY
Revised Forecast 0 JPY - - - -

Note: The dividend for the 2nd quarter and onwards is not yet decided.

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