Fuji Electric : Announcement of the Payment of Interim Dividend from Retained Earnings (57KB)
October 30, 2014 at 04:55 am EDT
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Announcement of the Payment of Interim Dividend from Retained Earnings
October 30, 2014
Company Name: Fuji Electric Co., Ltd. Representative: Michihiro Kitazawa, President and Chairman of the Board of Directors Code Number: 6504, listed on the first sections of TSE, NSE and FSE
Contact: Junichi Arai, Executive Officer and General Manager, Corporate Planning Office
Telephone: +81-3-5435-7213
Announcement of the Payment of Interim Dividend from Retained Earnings
A meeting of the Board of Directors of Fuji Electric Co., Ltd., convened today approved a decision regarding the interim dividend from retained earnings to be paid with a record date of September 30,
2014, as follows.
1. Details of Interim Dividend
Today's resolution
Recent forecasts
(announced on July 30, 2014)
Fiscal 2013 dividend
Record date
September 30, 2014
September 30, 2014
September 30, 2013
Dividend per share
¥4.00
TBD
¥3.00
Total dividends
¥2,857 million
-
¥2,143 million
Effective date
December 3, 2014
-
December 3, 2013
Source of dividends
Retained earnings
-
Retained earnings
2. Reason
Fuji Electric pays dividends in accordance with the basic policy of making stable and continuous payments based on a medium- to long-term perspective toward business management. By taking into account the Company's outlook for business results, its financial position, and other such factors, the Company has decided to pay an interim dividend of ¥4 per share in the current fiscal year. Further, due to the unclear management environment predicted for the second half of the fiscal year, the Company has postponed decisions regarding the annual dividend.
For reference: details of annual dividend
Fuji Electric Co specializes in manufacturing and marketing electric and electronic components. Net sales break down by family of products as follows:
- electric equipments and systems (38.7%): generators, meters, electricity transmission and control systems, etc. for individuals and thermal and hydraulic industries;
- electronic equipments and components (33.8%): magnetic contactors, magnetic contactors, uninterruptible power supply systems, power control systems, semiconductors, magnetic disks, energy distribution systems, etc.;
- vending machines (12.4%): hot and cold beverages, snacks, money distributors, etc.;
- industrial electric equipments (11.7%): primarily installation control systems, measurement instruments, power supply systems and captors;
- other (3.4%).
FUJI ELECTRIC CO., LTD 
