Minebea Mitsumi : Notice Regarding Dividends on Surpluses (Interim Dividend) and Revised Year-end Dividend Forecast
November 08, 2017 at 01:07 am EST
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Nov.8, 2017
MINEBEA MITSUMI Inc.
MINEBEA MITSUMI Inc. announced that the Board of Directors has today made a resolution as shown below regarding the payment of dividends from surplus (interim dividend) with a date of record of September 30, 2017.
The Company also announced that it has revised the dividend forecast announced on August 4, 2017 for the fiscal year ending March 31, 2018.
1. Details of Dividend
Amount decided
Most recent dividend forecast announcement
(announced August 4, 2017)
Results for the previous fiscal year
(interim dividend in the fiscal year ended March 31, 2017)
Record date
September 30, 2017
Same as left
September 30, 2016
Dividends per share
13.00 yen
10.00 yen
7.00 yen
Total dividends
5,447 million yen
-
2,624 million yen
Effective date
December 4, 2017
-
December 5, 2016
Funding for dividends
Retained earnings
-
Retained earnings
2. Details of Change of the Dividend Forecast
Annual dividend
End of second quarter
Year-end
For the year
Previous forecast
(announced on August 4, 2017)
10.00 yen
10.00 yen
20.00 yen
Revised forecast
−
13.00 yen
26.00 yen
Results for the current fiscal year
13.00 yen
−
−
Results for the previous fiscal year
(ended March 31, 2017)
7.00 yen
7.00 yen
14.00 yen
3. Reasons for Revisions
Sharing profits with our shareholders is job one at MinebeaMitsumi. That's why our basic dividend policy gives priority to enhancing equity efficiency and improving returns to our shareholders. Dividends, while reflecting performance, are determined in light of the overall business environment and with an eye to maintaining a stable and continuous distribution of profits.
Working in line with our basic policy, we have increased the interim dividend by 6 yen from what it was last fiscal year to make it 13 yen per share. While we plan to increase the year-end dividend 6 yen over what it was last fiscal year and make it 13 yen per share, we will finalize the amount in light of our performance for this fiscal year with the aim of achieving a consolidated-basis dividend payout ratio of around 20%.
(Note) The forecasts contained in this press release are made based on the information available as of the date of the announcement and may differ from the forecasts due to a variety of factors in the days to come.
Information in the press releases is current on the date of the announcement.
Product information, contact and other context are subject to change without prior notice.
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MinebeaMitsumi Inc. is one of the world's leaders of design, manufacturing and marketing of high precision equipments and components for telecommunications, aviation, automotive industry and electronic sectors. Net sales break down by family of products as follows:
- semiconductors, optical devices, mechanical and electrical components (38.2%);
- electronic devices and components (33%): lighting devices for LCD screens, hard disk drives, special devices, etc.;
- machined components (15.8%) : ball bearings, pivots, spherical bearings, fasteners, couplers, magnetic brakes, etc.;
- automotive, industrial machinery and building components (12.9%);
- other (0.1%).