Announcement Regarding Dividend Proposals by the Board
KOITO MANUFACTURING CO., LTD. ("KOITO") announces that, at the meeting of the Board of Directors on October 26, 2018, it was resolved to pay dividends as appropriation of retained earnings for the record date of September 30, 2018, as follows:
1.Details of Dividends
Resolved Dividend
Most recent dividend forecast (announced July 26, 2018)
Actual results for the previous year (second quarter of the year ending
March 31, 2018)
Record date
September 30, 2018
September 30, 2018
September 30, 2017
Dividend per share
¥40.00
(TBD)
¥36.00
Total amount of dividends
¥6,429 million
-
¥5,786 million
Effective date
December 5, 2018
-
December 5, 2017
Source of dividends
Retained earnings
-
Retained earnings
2.Reasons for the Dividend Amount
KOITO's policy is to continuously pay stable dividends to shareholders based on the comprehensive evaluation of our present business results, business climate, etc.
In view of the uncertain business climate, forecasts for the interim and year-end dividends had been remained to be determined. Based on a comprehensive evaluation of all factors and in line with the above policy, KOITO has decided to pay an interim dividend of ¥40 per share, which is ¥4 higher than the dividend amount for the same period of the previous fiscal year, and the same with the year-end ordinary dividend amount (excluding extraordinary dividend of ¥20) of the previous fiscal year.
The forecast for the year-end dividend this year has yet to be determined and will be announced when decided.
(Reference) Forecast of Annual Dividends
Dividend per share (¥)
Record date
Second Quarter
Year end
Full year
Forecast dividend
(TBD)
(TBD)
The actual result for the current fiscal year (ending March 31, 2019)
40.00
The actual result for the previous fiscal year (ended March 31, 2018)
Koito Manufacturing Co. Ltd. published this content on 26 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 October 2018 07:21:07 UTC
KOITO MANUFACTURING CO., LTD. is mainly engaged in the manufacture and sale of automotive lighting equipment, aircraft parts, railway vehicles parts, electrical equipment and measuring equipment. The Company mainly operates in six segments, including Japan, China, Asia, North America, Europe and Others. The Companyâs major products include light-emitting diode (LED) head lamps, discharge head lamps, headlights, sign lamps, high mount stop lamps, halogen bulbs, miniature bulbs and other lamp fittings, control equipment for rail vehicles, roads traffic signals, traffic control systems, roads and tunnels illumination lamps, facilities illumination lamps, accommodation equipment, aircraft parts, electronic parts, head lamps cleaners, sheets for aircraft and rail vehicles, as well as environment control equipment. The Company is also engaged in the development and manufacture of forward monitoring operation support systems for advanced driver-assistance systems (ADAS) through subsidiary.