Tokyo, April 26, 2019－Maxell Holdings, Ltd. (TSE: 6810) announced that the Board of Directors held today has agreed on special dividend with record date of June 30, 2019 as follows.
This is subject to the official resolution at the Board of Directors to be held in July 2019.
1. Details of the Special Dividend
Resolution Details (Special Dividend)
Record date
June 30, 2019
Dividend per share
250.00 yen
Total amount of dividend
13,210 million yen*
Effective date
September 20, 2019 (scheduled)
Source of dividend
Retained earnings
Note*: Total amount of dividend to be paid will be determined at the Board of Directors scheduled to be held in July 2019, as the number of shares (excluding treasury stock) subject to dividend at the record date of June 30, 2019 will be confirmed in July 2019.
2.Reason for the Special Dividend
The Company regards shareholder return as one of important management efforts, and under its fundamental policy, has been stably providing reasonable level of dividend, with a reference payout ratio of 30-40%.
As announced today in "Notice on Revision of Medium-Term Plan and Shareholder Returns", along with revision of the medium-termplan, Maxell Growth 20 (hereinafter "MG20"), the Company has continuously discussed an optimal capital structure, maximization of its corporate value and improvement of ROE. As a result, the Company has come to a conclusion that the Company should enhance shareholder returns over the MG20 (FY2019- 2020) period and hereby agreed to distribute the special dividend.
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(Reference) Details of Dividend through the Fiscal Year
Dividend per share
Type of dividend
Special dividend
Ordinary dividend
Total
Record date
June 30, 2019
Interim
Year-end
Dividend forecast for
250.00 yen
18.00 yen
18.00 yen
286.00 yen
FY2019
Dividend forecast for
18.00 yen
18.00 yen
36.00 yen
FY2018
Dividend for FY2017
18.00 yen
26.00 yen
44.00 yen
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Hitachi Maxell Ltd. published this content on 26 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2019 06:12:15 UTC
Maxell Ltd, formerly Maxell Holdings Ltd, is mainly engaged in the manufacturing and sales of energy, industrial materials and electric appliances and consumer products. The Company mainly operates through three business segments. The Energy segment manufactures and sells secondary batteries, such as coin type lithium secondary batteries, industrial lithium ion batteries and electrodes, and consumer lithium ion batteries, primary batteries such as lithium primary batteries and button batteries, and charger and battery packs. The Industrial Materials segment manufactures and sells optical components, functional materials, electroforming and precision parts, semiconductor-related embedded systems, mold and synthetic resin molded parts, adhesive tapes, radio-frequency identification (RFID) systems and Integrated Circuit (IC) cards, industrial rubber products and others. The Electric Appliance and Consumer segment manufactures and sells projectors, small electric equipments and others.
MAXELL, LTD. 
