DAIBIRU [Translation] November 30, 2021
Company name: DAIBIRU CORPORATION
Name of Representative: Toshiyuki Sonobe, Representative Director, President Chief Executive Officer
(Code: 8806, Listed on First Section of Tokyo Stock Exchange)
Contact: Eisuke Osawa, General Manager,,
General Affairs Department
Tel: +81-6-6441-1932
Notice Regarding Revision of Dividend Forecast (No Dividend) for the Fiscal Year
Ending March 2022
The Company hereby announces as follows that it has resolved at its board of directors meeting held today to revise its divided forecast for the fiscal year ending March 2022 and not to distribute year-end dividends for the fiscal year ending March 2022, subject to the completion of the tender offer (the "Tender Offer") by Mitsui O.S.K.Lines,Ltd. (the "Tender Offeror") for the common stocks of the Company stated in the press release separately issued today titled "Announcement of Opinion Supporting Tender Offer for Shares in the Company by Mitsui O.S.K.Lines,Ltd., the Controlling Shareholder, and Recommendation for our Shareholders to Tender their Shares in Tender Offer"
1. Reason for revision of dividend forecast
The Company has resolved at its board of directors meeting held today to express an opinion supporting the Tender Offer and to recommend that the shareholders of the Company accept the Tender Offer. This resolution was adopted on the understanding that the Tender Offeror intends to make the Company its wholly-owned subsidiary through the Tender Offer and a subsequent series of procedures and that the shares of the Company will be delisted as a result. For further details, please see the press release separately issued today titled "Announcement of Opinion Supporting Tender Offer for Shares in the Company by Mitsui O.S.K.Lines,Ltd., the Controlling Shareholder, and Recommendation for our Shareholders to Tender their Shares in Tender Offer"
The Company considers the distribution of profits to the shareholders to be one of the most important tasks of the management and has actively endeavored to distribute profits. However, if the Company distributes year-end dividends with a record date of March 31, 2022, there is a possibility that the economic outcomes would be different between the shareholders who accepted the Tender Offer and those who did not. Therefore, from the perspective of ensuring fairness for all shareholders, the Company has resolved at its board of directors meeting held
today to revise its dividend forecast for the fiscal year ending March 2022 and not to distribute year-end dividends for the fiscal year ending March 2022, subject to the completion of the Tender Offer.
2. Details of revision
Fiscal year dividends | |||||
Second quarter end | Year-end | Total | |||
Previous forecast | - | JPY 10.50 | JPY 21.00 | ||
(October 29, 2021) | |||||
Revised forecast | - | JPY 0.00 | JPY 10.50 | ||
Dividends | paid | this | JPY 10.50 | - | - |
fiscal year | |||||
Dividends | paid | last | |||
fiscal year (ended | JPY 10.50 | JPY 11.50 | JPY 22.00 | ||
March2021) | |||||
End |
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Daibiru Corporation published this content on 01 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 02:00:08 UTC.
