Terumo : Revises Upward Interim Dividend and Year-End Dividend Forecast for the Fiscal Year Ending March 31, 2016
November 05, 2015 at 02:16 am EST
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Terumo Revises Upward Interim Dividend and Year-End Dividend Forecast for the Fiscal Year Ending March 31, 2016
November 5, 2015
Company Name: Terumo Corporation Representative: Yutaro Shintaku, President and Representative Director Code No.: 4543, TSE Section 1
Terumo Revises Upward Interim Dividend and Year-End Dividend Forecast for the Fiscal Year Ending March 31, 2016
Terumo Corporation (TOKYO: 4543) approved, at the meeting of its Board of Directors held on November 5, 2015, interim dividend and year-end dividend forecast for the fiscal year ending March 31, 2016 as follows:
Details of Interim Dividends
Details of resolution
Latest dividend forecast (as of May 8, 2015)
FY 2014
Interim dividends (Actual)
Record date
September 30, 2015
September 30, 2015
September 30, 2014
Dividend per share
¥19.00
¥16.00
¥14.50
Total amount of dividends
¥7,139 million
-
¥5,506 million
Dividend payment starting date
December 7, 2015
-
December 8, 2014
Source of dividends
Retained earnings
-
Retained earnings
Reasons for Determination of Dividend Amount
The company considers the distribution of an appropriate amount of profit to shareholders to be one of the principal responsibilities of management and pays dividends in accordance with a policy of stably and steadily increasing dividends with a target payout ratio of 30% over the medium to long-term. Based on the policy, the company decided an interim dividend of ¥19 per share and year-end dividend forecast of ¥19 per share respectively.
Terumo Corporation specializes in the design, manufacturing and marketing of medical products and equipments. Net sales break down by family of products as follows:
- cardiac surgery devices (53.5%);
- medical products for hospitals (28.6%): medical devices, nutritional additives, oxygen, medical measuring devices (thermometers, tensiometers, glucometers, etc.), etc.;
- sanguine transfusion equipments (17.9%).
Net sales break down geographically as follows: Japan (32.9%), America (29.5%), Europe (19.6%), China (7.4%) and other (10.6%).
TERUMO CORPORATION 
