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    5486   JP3786200000

HITACHI METALS, LTD.

(5486)
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Hitachi Metals : Notice Concerning Dividends(PDF: 89KB)

05/29/2018 | 03:53am EDT

For Immediate Release

Hitachi Metals, Ltd.

(May 29, 2018)

Contact: Tatsuya Minami, General Manager, Corporate Communications Office Tel: +81-3-6774-3077

URLhttp://www.hitachi-metals.co.jp/e/index.html

Notice Concerning Dividends

Hitachi Metals, Ltd. hereby announces that dividends to shareholders of record as of March 31, 2018, as shown below, were declared upon resolution at the Board of Directors meeting on May 29, 2018.

1.

Dividend Information

Amount declared

Latest dividend forecast

(Announced April 26, 2018)

Actual for previous period

(FYE March 2017)

Record date

March 31, 2018

Same as at left

March 31, 2017

Dividend per share

13.00 yen

Same as at left

13.00 yen

Total dividends

5,558 million yen

5,559 million yen

Date effective

May 31, 2018

May 31, 2017

Dividend source

Retained earnings

Retained earnings

2. Reason for Dividend

The Company's basic dividend policy is to determine profit distributions to shareholders and internal reserves by comprehensively assessing business environment, business development, and business performance with a focus on growth over the medium-term to long-term. We recognize that it is the company's primary commitment to return an appropriate level of profits to our shareholders over the long-term through growth in corporate value.

We have therefore decided to declare a dividend of 13 yen per share for the year-end dividend for the fiscal year ended March 2018 after taking business performance and other factors into consideration, based on this policy. A dividend of 13 yen per share was also declared for the interim dividend, bringing the dividend for the full year to 26 yen per share.

(For Reference) Annual Dividend Breakdown

Dividend per share

Record date

End of second quarter

End of fiscal year

Full year

Dividend for current period

(FYE March 2018)

13.00 yen

13.00 yen

26.00 yen

Dividend for the previous period

(FYE March 2017)

13.00 yen

13.00 yen

26.00 yen

Disclaimer

Hitachi Metals Ltd. published this content on 29 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 May 2018 07:52:04 UTC


ę Publicnow 2018
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Mean consensus HOLD
Number of Analysts 4
Average target price 1 894,25 JPY
Last Close Price 2 123,00 JPY
Spread / Highest target 2,73%
Spread / Average Target -10,8%
Spread / Lowest Target -28,6%
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