Brother Industries : Notice concerning Payment of Dividends from Surplus Earnings
May 17, 2023 at 02:20 am EDT
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May 17, 2023
Company Name: Brother Industries, Ltd.
Representative: Ichiro Sasaki, Representative Director & President (Code: 6448; Prime Market of the Tokyo Stock Exchange and Premier Market of the Nagoya Stock Exchange)
Contact: Toshihiro Ito, Managing Executive Officer in Charge of Finance & Accounting Dept. (Tel: 052.824.2075)
Notice concerning Payment of Dividends from Surplus Earnings
Brother Industries, Ltd. (the "Company") announced today that its Board of Directors resolved at a meeting held today to pay dividends from surplus earnings to the shareholders with a registration date of March 31, 2023, as described below.
1. Details of dividend payments
Amount resolved to be
Most recent dividends
Dividends paid in previous
forecast (announced on
fiscal year
paid
May 11, 2022)
(ended March 31, 2022)
Shareholder
March 31, 2023
March 31, 2023
March 31, 2022
registration date
Dividend per share
34 yen
34 yen
34 yen
Total dividends to be
8,710 million yen
－
8,801 million yen
paid
Payment date
June 2, 2023
－
June 2, 2022
Source of funds to
Surplus earnings
－
Surplus earnings
pay dividends
2. Reasons for paying dividends from surplus earnings
The Company's basic policy is to provide stable and continuous returns to shareholders while comprehensively taking into consideration the need to secure the internal reserves necessary for future growth and the status of cash flows.
Under the Medium-Term Business Strategy CS B2024 ending in FY2024, while making prior investments for the future, we have set the minimum annual dividend at 68 yen per share, and will consider additional shareholder returns, including an increase in the dividend level, depending on performance and other factors.
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Based on the above policy, the Company determined the year-end dividend per share of 34 yen for the fiscal year ended March 31, 2023. As a result, the annual dividend for the fiscal year ended March 31, 2023 will become 68 yen per share with the 34 yen dividend for the end of the second quarter, which had already been paid.
(Reference)
Dividend per share
Shareholder
End of 2nd
quarter
End of fiscal year
Total annual dividends
registration date
Fiscal year ended on
34 yen
34 yen
68 yen
March 31, 2023
Fiscal year ended on
30 yen
34 yen
64 yen
March 31, 2022
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Brother Industries Ltd. published this content on 17 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 May 2023 06:19:08 UTC.
Brother Industries Ltd is a Japan-based company mainly engaged in the manufacture and sale of office equipment and supplies. The Company operates in six business segments. The Printing and Solutions segment manufactures and sells communication and printing equipment like printers, multifunction devices and electronic stationery, among others. The Personal and Home segment is engaged in the manufacture and sale of household sewing machines. The Machinery segment manufactures and sells industrial sewing machines, garment printer, machine tools, reducers and gears, among others. The Network and Contents segment is involved in the manufacture, sale and service of commercial karaoke equipment, as well as the provision of contents delivery services. The Domino segment is engaged in the manufacture and sale of industrial printing equipment. The Others segment is involved in the real estate business.
BROTHER INDUSTRIES, LTD. 
