Mabuchi Motor Co., Ltd. Announces Change in Basic Dividend Calculation Standard
February 14, 2024 at 09:00 am IST
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Mabuchi Motor Co., Ltd. announced that it has decided to change the basic dividend calculation standard as: Before the Change: When calculating the basic dividend amount, except in times of significant decline in business performance due to a sudden deterioration in the business environment, the annual ordinary dividend is JPY 30 per share, which a stable dividend over the long term, and the special dividend of 30% of consolidated net income, which is a business result, converted to a per share amount, is added. After the Change: The dividend calculation standard will be changed to the dividend on equity ratio (DOE) basis. Specifically, the Company will shift to a policy of determining DOE of 3.0 to 4.0% by comprehensively considering cash flow, business environment and other factors, and by realizing long-term stable dividends, the Company aims to further strengthen shareholder returns.
Timing of the Change: The change will be applied from fiscal 2024 (the fiscal year ending December 2024).
MABUCHI MOTOR CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of small motors. Its automotive electrical equipment are used in car mirrors, door locks, dampers for air conditioning, power windows, power sheets, collimating equipment for headlights, lumbar supports and others. Its consumer goods and business machine are used in shavers, hair clippers, hair removal machines, toothbrushes, hair dryers, impact wrenches, circular saws, tools, inkjet printers, copiers, multifunction peripheral (MFP), laser printers and others.