May 8, 2023
Company name: Toho Titanium Co., Ltd.
Representative: Yasuji Yamao, Representative Director and President
Code number: 5727 (First Section of the Tokyo Stock Exchange)
Contact person: Hiromu Tomeba, General Manager, Planning, Corporate Management Division
Telephone: +81-45-394-5521
Notice of Revision of Dividend Forecast for the Fiscal Year from April 1, 2022 to March 31, 2023
Toho Titanium Co., Ltd. announced today a revision of the dividend forecast for the fiscal year ended March 31, 2023 as detailed below.
1. Reasons for the revision
Our policy on dividends is to return profits to shareholders that reflect our business performance, while taking into consideration our financial position, the need for internal reserves to strengthen our corporate foundation, and the maintenance of stable dividends.
The dividend forecast for the fiscal year ended March 31, 2023, which was previously announced as 17 yen per share on October 27, 2022, has been revised to 19 yen per share because net income attributable to shareholders of the parent company exceeded the previous forecast (announced on October 27, 2022), as stated in the "Consolidated Financial Results for Fiscal Year Ended March 31, 2023" released today. As a result, the annual dividend will be 30 yen per share, including the interim dividend of 11 yen per share that has already been paid.
2. Revision of Dividend Forecast
Dividend per share (yen) | |||||
End of | Year-end | Annual | |||
second quarter | |||||
Previous forecast | 17.00 | 28.00 | |||
Revised forecast | 19.00 | 30.00 | |||
Dividends that have been paid | 11.00 | ||||
in the fiscal year | |||||
Fore reference: dividends in the previous | 6.00 | 9.00 | 15.00 | ||
fiscal year (ended March 31, 2022) | |||||
Note: Business performance forecasts and other forward-looking statements contained in this document are based on the information that is presently available to the Company and on certain assumptions that the Company considers reasonable. The Company makes no representations that those forecasts and other forward-looking statements are achievable. Actual results may differ materially from the forecasts due to various factors.
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Toho Titanium Co. Ltd. published this content on 08 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 May 2023 06:20:09 UTC.