SUMIDA: Investor News
The Board of Directors resolved over the payment of the dividend for the year-end dividend for FY2014 ending December 31, 2014 and the dividend policy for FY2015 at their meeting held today on February 10, 2015.
A. Contents of the year-end dividend for Fiscal Year 2014
| Resolved | Most Recent Forecast (announced on October 30, 2014) |
|
| Record Date | December 31, 2014 | December 31, 2014 |
| Dividend per Share | 5 yen | 5 yen |
| Total Amount of Dividend Paid | 116 million JPY | - |
| Effective Date | March 3, 2015 | - |
| Dividend Resource | Retained Earnings | - |
| As of December 31, 2014, the total number of issued shares is 23,944,317 shares and of which 733,020 shares are treasury stocks. Therefore, 23,211,297 shares would be those for which the year-end dividend be distributed. | ||
B. Dividend Policy for Fiscal Year 2015
【Dividend Policy】
- The Company shall decide on the base amount of the annual dividend at the beginning of the next fiscal year in accordance with the annual business plan and basic dividend payout ratio (25%-30%) and divide it into quarters to pay on a quarterly basis. In order to ensure stable dividends, the base amount of annual dividend shall be 20 yen or more per share.
- To ensure that dividends reflect the consolidated business results, if the dividend amount calculated with the consolidated net income and the basic dividend payout ratio exceed the base amount of the annual dividend, it is the Company’s policy to add the excess amount to the annual dividend when paying the year-end dividend.
The base amount of annual dividend for fiscal year 2015 is 20 JPY.
The dividend payment schedule for Fiscal Year 2015 is:
| Fiscal Year | 1st Quarter | 2nd Quarter | 3rd Quarter | Year-End | Total |
| 2015 (plan) | 5 JPY | 5 JPY | 5 JPY | 5 JPY* | 20 JPY* |
* Based on the dividend policy, if the dividend amount calculated with consolidated net income and basic dividend payout ratio exceeds the base amount of annual dividend, it is the Company's policy to add the excess amount to the annual dividend when paying the year-end dividend.
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