Marubeni : Notice Regarding the Revision of the Dividend Forecast for the Fiscal Year Ending March 31, 2023
February 02, 2023 at 09:08 pm EST
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[Translation]
February 3, 2023
To Whom It May Concern:
Company Name:
Marubeni Corporation
(URL
https://www.marubeni.com/en/)
TSE Code:
8002
Listed:
Tokyo Prime
Representative:
Masumi Kakinoki
President and CEO, Member of the Board
Contact:
Hirofumi Furuya
General Manager, Media Relations Sec.
(TEL
+81-3-3282-2112)
Notice Regarding the Revision of the Dividend Forecast for the Fiscal Year Ending March 31, 2023
Marubeni Corporation (hereinafter, "the Company") hereby announces that the Company resolved, at the Board of Directors' Meeting held today, to revise the dividend forecast for the fiscal year ending March 31, 2023 (from April 1, 2022 to March 31, 2023). Details of the revision are as follows.
1. Reasons for the Revision
As the Company announced in the "Consolidated Financial Results for the Nine-Month Period Ended December 31, 2022" notice, the Company revised the forecast for profit attributable to owners of the parent for the fiscal year ending March 31, 2023 to 530.0 billion yen from the previous forecast of 510.0 billion yen. In accordance with the previous dividend payment policy of maintaining a dividend payout ratio of "25% or more" of consolidated net profit, the Company has revised the annual dividend forecast per share for the fiscal year ending March 31, 2023 to 78.00 yen from the previous forecast of 75.00 yen and the year- end dividend forecast per share for the fiscal year ending March 31, 2023 to 40.50 yen (interim 37.50 yen: already paid).
For the period of the GC2024 Mid-Term Management Strategy (from the fiscal year ending March 31, 2023 to the fiscal year ending March 31, 2025), dividends will be paid in compliance with the progressive dividend policy initially setting 78 yen per share as an annual dividend, as described in the "Notice of a New Shareholder Returns Policy" announced today.
Progressive dividend policy: No reduction in dividends, but maintenance or increase of dividends.
2. Revision of Dividend Forecast
Dividend per share (Yen)
Interim
Year-End
Annual
Previous Forecast
37.50
75.00
(Announced on November 4, 2022)
Revised Forecast
40.50
78.00
Actual payment for the
fiscal
year
37.50
ending March 31, 2023
Actual payment of the
fiscal
year
25.50
36.50
62.00
ended March 31, 2022
Notes on explanations related to the future, etc.:
The statement above related to the future, such as prospects and forecasts, is based upon available information at the time of the announcement date and assumptions deemed reasonable pertaining to that information, including uncertain factors which might affect future businesses. Actual results, however, may differ due to various unforeseen circumstances.
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Marubeni Corporation published this content on 03 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 February 2023 02:07:04 UTC.
Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)
MARUBENI CORPORATION 
