Adeka : Notice Regarding Distribution of Dividends from Surplus (Dividend Increase)
May 12, 2022
Share
May 13, 2022
ADEKA CORPORATION
Notice Regarding Distribution of Dividends from Surplus (Dividend Increase)
ADEKA Corporation (the "Company") announces that the Board of Directors, at a meeting held today, resolved to submit the dividends from surplus (dividend increase) with March 31, 2022 as the record date to the 160th Ordinary General Meeting of Shareholders to be held on June 24, 2022. Details are as follows.
１．Details of dividend
Latest dividend forecast
Dividends in the previous
Amount determined
fiscal year
(announced on February 10, 2022)
(ending March 31, 2021)
Record date
March 31, 2022
March 31, 2022
March 31, 2021
Dividends per share
42
34
24
（yen）
Total amount of dividends
4,344
－
2,488
（million yen）
Effective date
June 27, 2022
－
June 21, 2021
Source of dividends
Retained earnings
－
Retained earnings
２．Reason for dividend increase
The Company recognizes that the return of profits to shareholders is one of management's most important tasks. Under ADX 2023, the Mid-Term Management Plan which started from April 2021, the Company set a target dividend payout ratio of at least 30% based on a basic policy of giving comprehensive consideration to the payment of appropriate returns to shareholders and maintaining stable dividends.
Retained earnings will be used for investment in growth areas for further business expansion, strengthening of management base, and investment that contributes to the environment with carbon neutrality.
Based on this policy, the Company has decided to raise the year-end dividend for the fiscal year ended March 31, 2022 by 8 yen from the initial forecast of 34 yen per share (announced on February 10, 2022), to 42 yen, taking into overall account the consolidated business results of the fiscal year under review announced today, its financial position, and other factors. Totaled with the interim dividend of 28 yen, the annual dividend of the fiscal year under review will be 70 yen per share, up 22 yen from the previous year (annual dividend: 48 yen), with a consolidated dividend payout ratio at 30.4%.
(ref.) Details of annual dividend
Dividends per share（yen）
Consolidated
Record dates
2nd quarter-end
Year-end
Total
dividend
payout ratio
Results for the year
28
42
70
30.4％
ending March 31, 2022
Results for the year
24
24
48
30.2％
ended March 31, 2021
Attachments
Original Link
Original Document
Permalink
Disclaimer
Adeka Corporation published this content on 13 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2022 05:31:02 UTC.
ADEKA CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of chemical products and food ingredients. The Company operates through three business segments. The Chemicals segment manufactures and sells resin additive products such as flame retardants; information and electric chemical products such as ultrapure semiconductor materials, light curing resin and others; functional chemical products such as additives, fire retardant, interfacial active agents and kitchen cleaning agents and others. The Life Sciences segment manufactures and sells agricultural chemicals, pharmaceuticals, quasi-drugs, veterinary medicines, wood medicines, and medical materials. The food segment manufactures and sells margarines, fats and oils for chocolate and others. The Company is also involved in the equipment plant design, construction and construction management, equipment maintenance, logistics, warehousing, leasing of vehicles, real estate, insurance agency and others.
ADEKA CORPORATION 
