YOKOGAWA ELECTRIC CORPORATION Name of Listed Company: Yokogawa Electric Corporation
(URL: http://www.yokogawa.com) (Stock code: 6841, listed in TSE 1st section) Name and Position of the Representative:
Takashi Nishijima, President and Chief Executive Officer Name and Position of the Person in Charge:
Sadamu Kawanaka, General Manager of Public Relations and Investor Relations Telephone Number: 81-422-52-5530
March 22, 2016
Yokogawa Electric Corporation ("the Company") is notifying you of a decision at today's meeting of the Board of Directors to revise the dividend-per-share forecast as follows.
Revised figures
Dividend per Share
June 30
September 30
December 31
End of Term
Total
Previous forecast announced on May 12, 2015(A)
－
12.50
－
7.50
20.00
Revised forecast announced on March 22, 2016 (B)
－
12.50
25.00
Results of year ending March 31, 2016
－
12.50
Results of year ended March 31, 2015
－
6.00
－
6.00
12.00
(Note) Breakdown for September 30, 2015 dividend: Ordinary dividend 7.50 yen, commemorative dividend 5.00 yen
Reasons for the revision
The distribution of earnings to shareholders is a top management priority for the Company. By achieving growth in earnings, we aim to steadily increase our dividend payments.
The calculation of the dividend amount will take into consideration our business results and cash flow, the need to secure an internal reserve for mid- to long-term investment, and the overall financial health of the Company. Our target is a consolidated dividend payout ratio of 30%.
Based on its our policy, the Company plans to pay a year-end dividend of 12.50 yen per share for fiscal year 2015, although it was estimated to be 7.50 yen according to our previous announcement on May 12, 2015.
The resolution will be placed on the agenda of Company's General Shareholders meeting scheduled for June, 2016.
Yokogawa Electric Corporation issued this content on 22 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 March 2016 06:40:03 UTC
Original Document: http://www.yokogawa.com/pr/ir/pdf/2016/20160322-en.pdf
