Announcement Regarding Distribution of Dividends from Surplus
Representative: Yasuyuki Yoshinaga, President
Code number: 7270 (First Section of Tokyo Stock Exchange)
Contact for inquiries: Katsuo Saitou
General Manager of Administration Department
Phone: +81-3-6447-8825
Fuji Heavy Industries Ltd. (FHI), pursuant to resolution of the meeting of the Board of Directors held on May 8, 2015, today announced the distribution of dividends from surplus recorded as of March 31, 2015 as follows.
This dividend distribution is slated to be referred to the 84th Ordinary General Meeting of Shareholders scheduled to be held on June 23, 2015.
1. Details of dividends
| Resolved amount of the dividends | Latest dividend projection (on October 31, 2014) | Dividends for the previous fiscal year (ended March 2014) | |
| Record date | March 31, 2015 | March 31, 2015 | March 31, 2014 |
| Dividend per share (yen) | 37.0 | 31.0 | 33.0 (Ordinary: 28.0) (Commemorative: 5.0) |
| Total dividends (millions of yen) | 28,889 | ― | 25,766 |
| Effective date | June 24, 2015 | ― | June 25, 2014 |
| 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. Moreover, dividend payments for each fiscal year are determined with consideration of various circumstances predicated on a 20–40% standard range for the consolidated dividend payout ratio.
It is proposed to distribute a year-end dividend of ¥37.0 per share for the current fiscal year, which is ¥6.0 higher than the previous projection. As a result, including the interim dividend of ¥31.0 per share already distributed, this raises the per-share dividend for the full fiscal year by ¥15.0 compared with the previous fiscal year to ¥68.0.
| Dividend per share | |||
| Record date | End of 2nd quarter | Year-end | Annual |
| Dividends for the current fiscal year | 31.0 | 37.0 | 68.0 |
| Latest dividend projection (on October 31, 2014) | ― | 31.0 | 62.0 |
| Dividends for the previous fiscal year (ended March 2014) | 20.0 | 33.0 (Ordinary: 28.0) (Commemorative: 5.0) | 53.0 (Ordinary: 48.0) (Commemorative: 5.0) |