Notice Concerning Amendment to the Dividend Forecast Associated with a Reverse Stock Split (PDF:111KB)
July 12, 2017 at 09:04 pm EDT
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HK HANWA Co., Ltd.
13-1 1-chome, Tsukiji Chuo-ku, Tokyo
JAPAN
Date: June 29, 2017
Contact: Yoichi Nakagawa
Director, Senior Managing Executive Officer
Tel: +81-3-3544-2000
Notice Concerning Amendment to the Dividend Forecast Associated with a Reverse Stock Split
The proposal for a reverse stock split from Hanwa Co., Ltd. ("Hanwa") has been resolved at the 70th Ordinary General Shareholders Meeting("the Meeting") held on June 29, 2017. Accordingly, Hanwa hereby announces the following amendment to the dividend forecast released on May 12, 2017.
Reasons for the Amendment
As disclosed in "Concerning Notice a Change in the Number of Shares Constituting One Unit of Stock, Reverse Stock Split, and Related Partial Amendments to the Articles of Incorporation" on May 12, 2017, Hanwa presented the proposal for a reverse stock split at a rate of one for 5 shares of common stock which shall come into effect as of October 1, 2017, and the Meeting adopted and approved such proposal.
Accordingly, concerning the dividend forecast for FY2017, dividend per share for Year-end shall be revised to five times the amount of the previous forecast in keeping with the ratio of the reverse stock split.
The following amendment of dividend forecast is only to revise the dividend per share forecast in line with the reverse stock split, and there are no substantive changes in the dividend forecast.
Revised Dividend Forecast
Dividend per share
Record date
Interim
Year-end
Total
Previous Forecast
¥10.00
¥10.00
¥20.00
Revised Forecast
¥10.00
¥50.00
－
Paid for FY2017
－
－
－
Paid for FY2016 (ended March 31, 2017)
¥9.00
¥10.00
¥19.00
*Total dividend per share is shown as "－" since the dividends for Interim and Year-end cannot be simply added together.
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Hanwa Co. Ltd. published this content on 29 June 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 July 2017 01:04:06 UTC.
Original documenthttp://www.hanwa.co.jp/ms/data/pdf/ir/20170629-3en.pdf
Public permalinkhttp://www.publicnow.com/view/34AD75BBE5D295D4F89C3A2131F76DC613A38990
HANWA CO., LTD. is a Japan-based company mainly engaged in the sale of steel metal raw materials, non-ferrous metals, foods, petroleum and chemical products, wood and machinery. The Company operates through six business segments. The Steel business is engaged in the provision of steel bars, construction works, steel plates, special steels, wires, steel pipes, and scrap iron. It is also engaged in the metal processing and storage. The Metal Raw Materials business is engaged in the provision of nickel, chromium, silicon, manganese, and ferroalloys. The Overseas Sales Subsidiary business is engaged in the sale of products at major overseas bases. The Petroleum and Chemicals business is engaged in the sale of petroleum products, industrial chemicals, chemicals and waste fuels. The Food business provides seafood and livestock products. The Nonferrous Metals business supplies aluminum, copper and zinc, and conducts recycling business. It also manages and operates amusement facilities.
HANWA CO., LTD. 
