TEIJIN LIMITED To whom it may concern
November 2, 2015
Company: Teijin Limited Stock code: 3401 (First Section, Tokyo Stock Exchange) Representative: Jun Suzuki, President and CEO
Contact: Masahiro Ikeda, General Manager, Finance and Investor Relations Department
Tel: +81-3-3506-4395
Teijin Limited has announced that at a meeting held today, the Board of Directors passed a resolution to pay dividends from surplus (interim dividend) with a record date of September 30, 2015, along with passing a resolution to revise the forecast for year-end dividend per share announced on July 30, 2015.
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Details of Dividend (Interim Dividend)
Approved amount
Latest dividend forecast
Actual previous interim
dividend
Record date
September 30, 2015
As left
September 30, 2014
Dividend per share
¥3.00
As left
¥2.00
Total amount of dividend
¥2,948 million
―
¥1,965 million
Effective date
December 1, 2015
―
December 1, 2014
Source of dividends
Retained earnings
―
Retained earnings
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Revision of Dividend Forecast
Dividend per share
Record date
Interim term-end
Fiscal year-end
Total
Previous forecast
¥3.00
¥3.00
¥6.00
Revised forecast
―
¥4.00
¥7.00
Actual dividend in fiscal 2015
¥3.00
―
―
Actual dividend in fiscal 2014
¥2.00
¥2.00
¥4.00
- Reasons
The Company's basic policy for profit sharing is to ensure dividends are in line with consolidated operating results. The Company also gives consideration to the need to ensure financial soundness, and to its ability to maintain stable dividend payments over the medium to long term.
In accordance with this policy, after comprehensively taking into account various factors including recent business performance, the Company has declared an interim dividend per share of ¥3.00 for fiscal 2015, the year ending March 31, 2016. Moreover, the Company has revised its year-end dividend forecast to ¥4.00 per share, from ¥3.00 per share previously. As a result, the full-term dividend forecast has been revised from ¥6.00 per share to ¥7.00 per share.
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