November 25, 2016
Canon Inc.
Chairman & CEO: Fujio Mitarai Securities code: 7751
[Tokyo (First section) and other Stock Exchanges]
Inquiries: Eiji Shimizu
General Manager
Consolidated Accounting Division Group Management Center
Finance & Accounting Headquarters
+81-3-3758-2111
Notice Regarding Projected Dividend for the Fiscal Year Ending December 31, 2016 (the 116th Business Term)
At a Board of Directors meeting held on November 25, 2016, Canon Inc. (the "Company") passed a resolution regarding the projected year-end dividend per share for the fiscal year ending December 31, 2016 (the 116th Business Term) as follows.
Basic Policy Regarding Profit Distribution and Dividend for the Period
The Company works to provide a stable return and actively return profits to shareholders, mainly in the form of a dividend, taking into consideration medium-term profit forecasts along with planned future investments, cash flow and other factors.
As for projections for the fiscal year ending December 31, 2016, while the Company assumed the business environment in which it operates would remain challenging amid such factors as global economic weakness, with a prospected rise in U.S. interest rates, the yen has depreciated from assumed currency exchange rates.
In view of this and to provide a stable return and actively return profits to shareholders, the Company plans to distribute a year-end dividend for the current fiscal year of 75.00 yen per share, which is the same amount as the year-end dividend for fiscal year 2015. As a result, the full-year dividend amount for the fiscal year ending December 31, 2016 will amount to 150.00 yen per share.
The Company's projection for consolidated results for the fiscal year ending December 31, 2016, is provided below and remains unchanged since being announced on October 26, 2016.
Details of the Projected Dividend
Dividend per share (yen) | |||
Record date | Interim | Year-end | Full Year |
Previous projection | Not yet determined | Not yet determined | |
Current projection | 75.00 yen | 150.00 yen | |
Actual | 75.00 yen | ||
Previous year's dividend payout (Fiscal year ending December 31, 2015) | 75.00 yen | 75.00 yen | 150.00 yen |
For reference, projected consolidated results for year ending December 31, 2016 (announced October 26, 2016)
(Millions of yen, except per share amounts)
Fiscal year ending December 31, 2016 | Percent change (year-over-year) | |
Net sales | 3,360,000 | -11.6% |
Operating profit | 235,000 | -33.8% |
Income before income taxes | 262,000 | -24.6% |
Net income attributable to Canon Inc. | 165,000 | -25.1% |
Net income attributable to Canon Inc. stockholders per share | 151.09 yen |
Canon Inc. published this content on 25 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 November 2016 06:14:04 UTC.
Original documenthttp://www.canon.com/ir/release/2016/p2016nov25e.pdf
Public permalinkhttp://www.publicnow.com/view/2BACD6004FA1A36AF8C9753C4A6A8EBD056EE477