Fuji Electric : Announcement of Revised Dividend Forecast (38KB)
April 27, 2023 at 02:07 am EDT
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April 27, 2023
Company Name: Fuji Electric Co., Ltd.
Representative: Michihiro Kitazawa, Chairman of the Board and Chief Executive Officer Code Number: 6504, listed on the TSE Prime and NSE Premier; and on FSE Contact: Taizou Kishi, General Manager, Corporate Planning Office Corporate Management Planning Headquarters Telephone: +81-3-5435-7213
Announcement of Revised Dividend Forecast
A meeting of the Board of Directors of Fuji Electric Co., Ltd., convened today approved a revision of the forecast for the payment of dividends from retained earnings with a record date of March 31, 2023, as follows.
Further, regarding the payment of dividends from retained earnings, the Board of Directors of Fuji Electric plans to approve a resolution pursuant to the Companies Act at a meeting convened after completion of auditing procedures.
1. Reason for Dividend Forecast Revision
We intend to return profit gained through business activities to shareholders. At the same time-while maintaining and strengthening our management foundation-we intend to appropriate profit for consolidated shareholders' equity in order to secure internal reserves for research and development, capital investment, development of human resources and other investments reflecting a medium-to-long-term viewpoint. At the same time, the Company aims to provide its shareholders with stable dividend payments on a continuing basis.
Based on this policy, the Company plans to issue a year-end dividend payment of ¥60 per share for fiscal 2022.
2. Revised Dividend Forecast
Annual dividend (yen)
Interim
Year-end
Total
Previous forecast
TBA
TBA
Revised forecast
60.00 yen
115.00 yen
Fiscal 2022
55.00 yen
Fiscal 2021 ended
45.00 yen
55.00 yen
100.00 yen
March 31, 2022
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Fuji Electric Co. Ltd. published this content on 27 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2023 06:06:01 UTC.
Fuji Electric Co specializes in manufacturing and marketing electric and electronic components. Net sales break down by family of products as follows:
- electric equipments and systems (38.7%): generators, meters, electricity transmission and control systems, etc. for individuals and thermal and hydraulic industries;
- electronic equipments and components (33.8%): magnetic contactors, magnetic contactors, uninterruptible power supply systems, power control systems, semiconductors, magnetic disks, energy distribution systems, etc.;
- vending machines (12.4%): hot and cold beverages, snacks, money distributors, etc.;
- industrial electric equipments (11.7%): primarily installation control systems, measurement instruments, power supply systems and captors;
- other (3.4%).