Fuji Electric : Payment of Dividends from Retained Earnings (71KB)
May 25, 2017 at 12:21 pm IST
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May 25, 2017
Company Name: Fuji Electric Co., Ltd. Representative: Michihiro Kitazawa, President and Chairman of the Board of Directors Code Number: 6504, listed on the first sections of TSE, NSE and on FSE
Contact: Masayoshi Kisaki, General Manager, Corporate Administration Office
Corporate Management Planning Headquarters
Telephone: +81-3-5435-7213
Payment of Dividends from Retained Earnings
A meeting of the Board of Directors of Fuji Electric Co., Ltd., convened today approved a payment of dividends from retained earnings with a record date of March 31, 2017, as follows.
Details of Year-end Dividend
Today's resolution
Recent forecasts
(announced April 27, 2017)
Fiscal 2015
(ended March 31, 2016)
Record date
March 31, 2017
March 31, 2017
March 31, 2016
Dividend per share
¥6.00
¥6.00
¥5.00
Total dividends
¥4,285 million
―
¥3,571 million
Effective date
June 7, 2017
―
June 8, 2016
Source of dividends
Retained earnings
―
Retained earnings
Reason
We intend to return profit gained through business activities to shareholders. At the same time-while maintaining and strengthening our management foundation-we intend to appropriate profit for consolidated shareholders' equity in order to secure internal reserves for research and development, capital investment, development of human resources, and other investments reflecting a medium-to long-term viewpoint. At the same time, the Company aims to provide its shareholders with stable dividend payments on a continuing basis.
Based on this policy, the Company plans to issue a year-end dividend payment of ¥6.00 per share for fiscal 2016.
(Reference) Annual Dividend Breakdown
Dividend per share
Record date
Interim
Year-end
Annual
Fiscal 2016
¥5.00
¥6.00
¥11.00
Fiscal 2015
(ended March 31, 2016)
¥5.00
¥5.00
¥10.00
Fuji Electric Co. Ltd. published this content on 25 May 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 May 2017 06:50:14 UTC.
Original documenthttp://www.fujielectric.com/company/news/box/doc/20170525_01.pdf
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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%).