Fuji Electric : Payment of Dividends from Retained Earnings (84KB)
May 24, 2018 at 05:28 am EDT
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May 24, 2018
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: Masayoshi Kisaki, General Manager, Corporate Administration Office
Corporate Management Planning Headquarters
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, 2018, as follows.
1. Details of Year-end Dividend
Today's resolution
Recent forecasts
(announced April 26, 2018)
Fiscal 2016
(ended March 31, 2017)
Record date
March 31, 2018
March 31, 2018
March 31, 2017
Dividend per share
¥8.00
¥8.00
¥6.00
Total dividends
¥5,714 million
―
¥4,285 million
Effective date
June 6, 2018
―
June 7, 2017
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, development of 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 ¥8.00 per share for fiscal 2017.
(Reference) Annual Dividend Breakdown
Dividend per share
Record date
Interim
Year-end
Annual
Fiscal 2017
¥6.00
¥8.00
¥14.00
Fiscal 2016
(ended March 31, 2017)
¥5.00
¥6.00
¥11.00
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Disclaimer
Fuji Electric Co. Ltd. published this content on 24 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 May 2018 09:27:03 UTC
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%).