Fuji Electric : Announcement of the Payment of Dividend from Retained Earnings (87KB)
May 29, 2020 at 02:41 am EDT
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May 29, 2020
Company Name: Fuji Electric Co., Ltd.
Representative: Michihiro Kitazawa, President and Chairman of the Board of Directors (Code Number: 6504, listed on the first sections of TSE, NSE and on FSE)
Announcement of the Payment of Dividend from Retained Earnings
A meeting of the Board of Directors of Fuji Electric Co., Ltd., convened today approved a payment of dividends from retained earnings with a record date of March 31, 2020, as follows.
1. Details of Year-end Dividend
Today's resolution
Recent forecasts
Fiscal 2018
(announced on January 30, 2020)
(ended March 31, 2019)
Record date
March 31, 2020
March 31, 2020
March 31, 2019
Dividend per share
¥40.00
TBA
¥40.00
Total dividends
¥5,713 million
―
¥5,713 million
Effective date
June 29, 2020
―
June 5, 2019
Source of dividends
Retained earnings
―
Retained earnings
2. Reason
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
medium-tolong-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 ¥40 per share for fiscal 2019.
(Reference) Annual Dividend Breakdown
Dividend per share
Record date
Interim
Year-end
Annual
Fiscal 2019
¥40.00
¥40.00
¥80.00
Fiscal 2018
¥8.00
¥40.00
―
(ended March 31, 2019)
Note: Effective October 1, 2018, the Company conducted a one-for-five reverse stock split pertaining to shares of common stock.
The amount of the interim dividend for fiscal year ended March 31, 2019, is displayed using an amount from prior to the reverse stock split, and "-" has been input for the amount of the annual divided. When recalculated to reflect the reverse stock split, the interim dividend for fiscal year ended March 31, 2019, was ¥40 per share and the annual dividend was ¥80 per share.
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Fuji Electric Co. Ltd. published this content on 29 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 May 2020 06:40:00 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%).