SUMIDA: Investor News
SUMIDA CORPORATION (hereafter “the Company”) announces that its Board of Directors has passed a resolution at the meeting held on July 31, 2020 not to pay the dividend of surplus, with June 30 as the record date.
1. Details of the Dividend
Second Quarter Dividend of FY2020
| Amount Determined | Most Recent Dividend Forecast (Announced on April 28, 2020) |
Actual Dividend in the Previous Fiscal Year (Second Quarter Dividends in FY2019) |
|
| Record Date | June 30,2020 | Same as on the left | June 30, 2019 |
| Dividend per Share | 0 yen | Not yet decided | 6 yen |
| Total Amount of Dividend Paid | 0 | - | 162 million yen |
| Effective Date | - | - | August 26, 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 COVID-19 pandemic to the FY2020 net income currently, however, since a severe impact is still expected, we have regrettably decided not to pay second quarter dividends as in the first quarter.
3. FY2020 Dividend Forecast
| Dividend Payment (yen) | |||||
| Q1 | Q2 | Q3 | Year-end | Total | |
| Dividend for 2020 | 0 JPY | 0 JPY | - | - | - |
Note: The dividend for the 3rd quarter and onwards is not yet decided.