Company name: Fuji Heavy Industries Ltd.
Representative: Yasuyuki Yoshinaga, President
Code number: 7270 (First Section of Tokyo Stock Exchange)
Contact for inquiries: Kazunori Yamafuji
General Manager of Administration Department
Phone: +81-3-3347-2005
Announcement Regarding Distribution of Dividends from Surplus
(60th Founding Anniversary Commemorative Dividend)
Fuji Heavy Industries Ltd. (FHI), pursuant to resolution of the meeting of the Board of Directors held on May 9, 2104, today announced the distribution of dividends from surplus recorded as of March 31, 2014 as follows.
This dividend distribution is slated to be referred to the 83rd Ordinary General Meeting of Shareholders scheduled to be held on June 24, 2014.
1. Details of dividends
| Resolved amount of the dividends |
Latest dividend projection (on October 31, 2013) |
Dividends for the previous fiscal year (ended March 2013) |
|
| Record date | March 31, 2014 | March 31, 2014 | March 31, 2013 |
| Dividend per share (yen) | 33.0 (Ordinary: 28.0) (Commemorative: 5.0) |
20.0 | 10.0 |
| Total dividends (millions of yen) | 25,766 | ― | 7,808 |
| Effective date | June 25, 2014 | ― | June 24, 2013 |
| Dividend resource | Retained earnings | ― | Retained earnings |
2. Reason for the announcement
FHI treats shareholder interests as a vital management issue and applies a results-linked concept that considers each fiscal year's earnings, investment plans, business environments, is committed to sustained dividend payment.
It is proposed to distribute a year-end dividend of ¥28.0 per share for the current fiscal year, increased from the previous projection of ¥8.0, taking into account the business result for the current fiscal year, business developments that lie ahead and operating environments.
Additionally, following the 60th founding anniversary of FHI in July 2013, together with deep gratitude for the support bestowed upon FHI by shareholders and all other stakeholders, it is proposed, in recognition of the support demonstrated by shareholders to date, to distribute in addition to the ordinary dividend of ¥28.0 per share a commemorative dividend of ¥5.0 per share for a total year-end dividend of ¥33.0 per share.
As a result, including the interim dividend of ¥20.0 per share already distributed, this raises the per-share dividend for the full fiscal year by ¥38.0 to ¥53.0.
| Dividend per share | |||
| Record date | End of 2nd quarter | Year-end | Annual |
| Dividends for the current fiscal year | 20.0 | 33.0 (Ordinary: 28.0) (Commemorative: 5.0) |
53.0 (Ordinary: 48.0) (Commemorative: 5.0) |
| Latest dividend projection (on October 31, 2013) |
― | 20.0 | 40.0 |
| Dividends for the previous fiscal year (ended March 2013) |
5.0 | 10.0 | 15.0 |