May 13, 2024
Company name: SUBARU CORPORATION
Representative: Atsushi Osaki, Representative Director, President and CEO (Securities code: 7270; Tokyo Stock Exchange Prime Market)
Contact for inquiries: Masayuki Miyamoto, General Manager of Investor Relations Department Phone: +81-3-6447-8825
Notice Regarding Distribution of Dividends from Surplus
The Company hereby announces that, at its Board of Directors meeting held on May 13, 2024, the Company resolved to make the following revision to its dividend payment using retained earnings with a record date of March 31, 2024.
This matter will be submitted to the 93rd annual general meeting of shareholders scheduled for June 19, 2024.
1. Details of Dividend
Latest dividend forecast | Dividend for the previous | ||
fiscal year | |||
Final amount | (Announced on November | ||
(Fiscal year ended March 31, | |||
2, 2023) | 2023) | ||
Record date | March 31, 2024 | March 31, 2024 | March 31, 2023 |
Dividend per share | ¥58.00 | ¥48.00 | ¥38.00 |
Total amount of | ¥43,627 million | - | ¥29,161 million |
dividends | |||
Effective date | June 20, 2024 | - | June 22, 2023 |
Source of dividend | Retained earnings | - | Retained earnings |
payment | |||
2. Reason
The Company positions shareholder returns as an important managerial issue and endeavors to make stable and continuous dividend payments and to flexibly repurchase its shares to achieve a total return ratio of 30-50 percent, while comprehensively considering factors such as its performance, investment plans, and business environment each fiscal year.
The Company has determined to pay a final dividend of ¥58 per share for the fiscal year ended March 31, 2024, revising upward its latest ordinary dividend payment forecast of ¥38 per share by ¥10 to ¥48 given the better-than-projected consolidated financial results for the fiscal year and other reasons, and adding the 70th commemorative dividend of ¥10 (as announced on November 2, 2023).
This will bring the Company's annual dividend per share to ¥106 including an interim dividend per share of ¥48 which the Company has already paid.
(Reference) Breakdown of Annual Dividend
Dividend per share (¥)
Record date
Dividend for the fiscal year ended March 31, 2024
Latest dividend
forecast
(February 8, 2024)
Dividend for the
previous fiscal year (Fiscal year ended March 31, 2023)
End of 2Q | End of fiscal year | Total |
¥48.00 | ¥58.00 | ¥106.00 |
(Ordinary dividend: ¥38.00) | (Ordinary dividend: ¥48.00) | (Ordinary dividend: ¥86.00) |
(Commemorative dividend: | (Commemorative dividend: | (Commemorative dividend: |
¥10.00) | ¥10.00) | ¥20.00) |
¥48.00 | ¥96.00 | |
(Commemorative dividend: | (Commemorative dividend: | |
¥10.00) | ¥20.00) | |
¥38.00 | ¥38.00 | ¥76.00 |
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Subaru Corp. published this content on 13 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2024 04:21:02 UTC.