[English Translation]
May 19, 2017
Company Name : Sompo Holdings, Inc. Representative : Kengo Sakurada, Group CEO
Representative Director,
President and Executive Officer
(Stock Code: 8630, the first section of Tokyo Stock Exchange, Inc.)
Notification of Dividends from Surplus (Dividend Increase)
Sompo Holdings, Inc. (the "Company") announces that its Board of Directors met on May 19, 2017 and adopted the following resolution regarding the dividends from surplus with a record date of March 31, 2017.
The Company will suggest this dividends from surplus at the 7th Ordinary General Meeting of Shareholders to be held on June 26, 2017.
-
Details of Dividends
Expected dividends
Previous forecast on
dividends (*)
Dividends paid for the fiscal year ended
March 31, 2016
Record date
March 31, 2017
March 31, 2017
March 31, 2016
Dividend per share
¥50
¥40
¥40
Total dividends
¥19,700,568,800
-
¥16,166,500,560
Effective date
June 27, 2017
-
June 28, 2016
Source of dividends
Retained earnings
-
Retained earnings
(*) Forecast announced on May 20, 2016.
- Reasons
While maintaining financial soundness and improving capital efficiency by investing in growth fields, the Company has a basic policy of paying stable dividends, with the option of share buybacks according to capital condition.
During the Company's mid-term management plan started in the fiscal year 2016, the Company's medium-term target for total payout ratio is at a level of 50% of adjusted consolidated profit.
In accordance with this shareholder return policy, the performance for the fiscal year ended March 31, 2017, etc., the Company has revised its the year-end prospective dividend per share to ¥50, an increase by ¥10. As the result, the annual dividend per share will be ¥90.
(Reference) Breakdown of annual dividends
Dividends per share | |||
Second quarter-end | Year-end | Total | |
Fiscal year ended March 31, 2017 (Year-end is expectation) | ¥40 | ¥50 | ¥90 |
Previous fiscal year ended March 31, 2016 | ¥40 | ¥40 | ¥80 |
Sompo Japan Nipponkoa Holdings Inc. published this content on 19 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 May 2017 06:29:21 UTC.
Original documenthttp://www.sompo-hd.com/~/media/hd/en/files/news/2017/e_20170519_3.pdf
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