Fuji Electric : Announcement of the Payment of Interim Dividend from Retained Earnings (49KB)
October 26, 2023 at 02:07 am EDT
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October 26, 2023
Company Name: Fuji Electric Co., Ltd.
Representative: Michihiro Kitazawa, Chairman of the Board and Chief Executive Officer Code Number: 6504, listed on the TSE Prime and NSE Premier; and on FSE Contact: Taizou Kishi, General Manager, Corporate Planning Office Corporate Management Planning Headquarters Telephone: +81-3-5435-7213
Announcement of the Payment of Interim Dividend from Retained Earnings
A meeting of the Board of Directors of Fuji Electric Co., Ltd., convened today approved a decision regarding the interim dividend from retained earnings to be paid with a record date of September 30, 2023, as follows.
1. Details of Interim Dividend
Recent forecasts
Fiscal 2022
Today's resolution
ended March 31, 2023
(announced on July 27, 2023)
Interim dividend
Record date
September 30, 2023
September 30, 2023
September 30, 2022
Dividend per share
¥60.00
TBD
¥55.00
Total dividends
¥8,569 million
-
¥7,855 million
Effective date
December 5, 2023
-
December 5, 2022
Source of dividends
Retained earnings
-
Retained earnings
2. Reason
Fuji Electric pays dividends in accordance with the basic policy of making stable and continuous payments based on a medium- to long-term perspective toward business management. By taking into account the Company's outlook for business results, its financial position, and other such factors, the Company has decided to pay an interim dividend of ¥60 per share in the current fiscal year. Further, due to the unclear management environment predicted for the second half of the fiscal year, the Company has postponed decisions regarding the annual dividend.
For reference: details of annual dividend
Dividend per share
Record date
Interim
Year-end
Annual
Fiscal 2023
¥60.00
TBD
TBD
Fiscal 2022 ended March 31, 2023
¥55.00
¥60.00
¥115.00
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Disclaimer
Fuji Electric Co. Ltd. published this content on 26 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2023 06:06:13 UTC.
Fuji Electric Co specializes in manufacturing and marketing electric and electronic components. Net sales break down by family of products as follows:
- electric equipments and systems (38.7%): generators, meters, electricity transmission and control systems, etc. for individuals and thermal and hydraulic industries;
- electronic equipments and components (33.8%): magnetic contactors, magnetic contactors, uninterruptible power supply systems, power control systems, semiconductors, magnetic disks, energy distribution systems, etc.;
- vending machines (12.4%): hot and cold beverages, snacks, money distributors, etc.;
- industrial electric equipments (11.7%): primarily installation control systems, measurement instruments, power supply systems and captors;
- other (3.4%).
FUJI ELECTRIC CO., LTD 
