Fuji Electric : Payment of Dividends from Retained Earnings (106KB)
May 26, 2015 at 04:20 am EDT
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Payment of Dividends from Retained Earnings
May 26, 2015
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 on FSE
Contact: Junichi Arai, Executive Officer and General Manager, Corporate Planning Office
Telephone: +81-3-5435-7213
Payment of Dividends from Retained Earnings
A meeting of the Board of Directors of Fuji Electric Co., Ltd., convened today approved a payment of dividends from retained earnings with a record date of March 31, 2015, as follows.
1. Details of Dividends
Today's resolution
Recent forecasts
(announced April 27, 2015)
Fiscal 2013 dividends
Record date
March 31, 2015
March 31, 2015
March 31, 2014
Dividend per share
¥5.00
¥5.00
¥4.00
Total dividends
¥3,572 million
―
¥2,857 million
Effective date
June 8, 2015
―
June 9, 2014
Source of dividends
Retained earnings
―
Retained earnings
2. Reason
We intend to return profit gained through business activities to shareholders. At the same time-while maintaining and strengthening our management foundation-we intend to appropriate profit for consolidated shareholders' equity in order to secure internal reserves for research and development, capital investment, human resources, and other investments reflecting a medium-to long-term viewpoint. At the same time, the Company aims to provide its shareholders with stable dividend payments on a continuing basis.
Based on this policy, the Company plans to issue a year-end dividend payment of ¥5.00 per share for fiscal 2014.
(Reference) Annual Dividend Breakdown
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 
