Hitachi Construction Machinery : Notice concerning Distribution of Interim Dividend
October 27, 2020 at 02:50 am EDT
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October 27, 2020
Corporate name
Hitachi Construction Machinery Co., Ltd.
(Code: 6305, First Section of the Tokyo Stock Exchange)
Name of representative
Kotaro Hirano,
Executive Officer, President & CEO
Notice concerning Distribution of Interim Dividend
Hitachi Construction Machinery Co., Ltd. hereby announces that its Board of Directors decided the interim dividend of the fiscal year ending March 31, 2021 as below at the board meeting held on October 27.
Details
of dividends
Interim dividend for FY2020
Most recent forecast
Interim dividend for FY2019
ending March 31, 2021
announced on July 27, 2020
ending March 31, 2020
Record date
September 30, 2020
September 30, 2020
September 30, 2019
Dividend
¥10.00
TBD
¥36.00
per
share
Total
amount
¥2,127
million
-
¥7,656 million
of dividends
Effective
November 30, 2020
-
November 29, 2019
date
Source of
Retained
earnings
-
Retained earnings
dividends
(Reasons for Decision)
Our dividend policy is to maintain and strengthen the soundness of our financial position and to make internal reserves while taking into account the implementation plans for forward-looking investments, such as technological development and capital investment based on medium-tolong-term business strategies. In principle, we pay dividends from retained earnings linked to consolidated performance twice a year, as the interim and year-end, aiming dividends and aim to achieve a consolidated dividend payout ratio of approximately 30% or more.
In the 2Q cumulative period, the amount of dividends will greatly exceed the above dividend policy, however, in view of the annual consolidated earnings forecast, we have decided to pay a portion of dividends at the interim period in the sense of expressing our gratitude for the daily support of our shareholders.
(Reference)
Details of dividends through the fiscal year
Dividend per
share
Interim
Year-end
Annual
FY2020
¥10.00
ending March 31, 2021
FY2019
¥36.00
¥24.00
¥60.00
ending March 31, 2020
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HCM - Hitachi Construction Machinery Co. Ltd. published this content on 27 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2020 06:49:07 UTC
Hitachi Construction Machinery Co specializes in manufacturing and marketing construction machines. The group offers hydraulic excavators, cranes, wheel loaders, scissor lifts, etc.
Net sales break down by family of products between construction machines (84.4%) and mining machines (15.6%).
Net sales are distributed geographically as follows: Japan (19.9%), China (11.6%), Asia and Oceania (31%), Europe/Middle East/Africa (19.5%) and Americas (18%).
HITACHI CONSTRUCTION MACHINERY CO., LTD. 
