NGK Insulators : Notice Regarding Dividends from Surplus
April 28, 2016 at 06:35 am EDT
Share
April 28, 2016
Company Name:
NGK INSULATORS, LTD.
Listing Code:
5333
Stock Exchange Listings:
Tokyo and Nagoya
Representative:
Taku Oshima (Mr.)
President
Contact:
Hideaki Shindo (Mr.)
General Manager
Finance & Accounting Department
(TEL: +81-52-872-7230)
NGK INSULATORS, LTD. (NGK) hereby announces that its board of directors resolved a matter concerning payment of dividends from surplus with a record date of March 31, 2016, at the meeting of the board of directors held on April 28, 2016. These dividends from surplus will be officially decided by relevant resolutions at the 150th Annual Shareholder`s Meeting to be held on June 29, 2016.
1. Contents of dividends
Resolved amount
Previous forecast
(July 30, 2015)
Results for Previous Period
(Year ended March 31, 2015)
Record date
March 31, 2016
March 31, 2016
March 31, 2015
Dividend per share
¥20.00
¥18.00
¥15.00
Total amounts of dividend
¥6,531 million
-
¥4,897 million
Effective date
June 30, 2016
-
June 29, 2015
Dividend source
Retained earnings
-
Retained earnings
2. Reasons for revision to dividend forecast
NGK views the return of profits to shareholders as one of its most important management policies.
As a basic policy, NGK strive for shareholder-oriented management that emphasizes return on equity (ROE), and distribute the benefits of successful management after consideration of a comprehensive range of factors, including business performance and financial position, and future business development.
Financial results of the NGK Group for the year ended March 31, 2016 recorded significant year-on-year increases both in sales and earnings, because automotive ceramics and ceramic components for semiconductor manufacturing equipment remained strong as a whole, in addition to the appreciation of the dollar against the yen, as NGK announced today (April 28, 2016).
Taking these results into consideration, the year-end dividend for the year ended March 31, 2016 will be 20 per share, an increase of 2 from the previous forecast, and the annual dividend will be 38 per share.
(Reference) Description of annual dividends
Dividend per share (Yen)
Interim
Year-end
Total
Results for Current Period
18.00
20.00
38.00
Results for Previous Period
(the fiscal year 2015)
13.00
15.00
28.00
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Notice Regarding Dividends from Surplus(PDF:34KB)
NGK Insulators Ltd. issued this content on 28 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 April 2016 10:34:54 UTC
Original Document: http://www.ngk.co.jp/english/news/2016/0428_01.html
NGK Insulators, Ltd. specializes in the design, manufacturing and marketing of electric and electronic components and equipments. Net sales break down by family of products as follows:
- ceramic products (57.3%): for automotive and industrial applications;
- components and equipment for industrial manufacturing processes (24.2%): components for semiconductor manufacturing equipment, corrosion-resistant ceramic apparatuses for chemical industries, gas analyzer, industrial heating systems, refractory products and radioactive waste treatment systems;
- electronic components (10.5%): especially for semiconductors manufacturing and special metals processing;
- electric equipments (8%): insulators and electric devices, batteries for electric power storage, etc.
Net sales break down geographically as follows: Japan (24.5%), Asia (30.4%), North America (21.7%), Europe (21.3%) and other (2.1%).