Maxell : Appropriation of Year-end Dividend from Retained Earnings (No Year-end Dividend)
May 25, 2021 at 03:03 am EDT
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FOR IMMEDIATE RELEASE
Appropriation of Year-end Dividend from Retained Earnings
(No Year-end Dividend)
Tokyo, May 25, 2021 --- Maxell Holdings, Ltd. (TSE: 6810, hereinafter "the Company") today announced that the Company will not make year-end dividend from retained earnings with the record date of March 31, 2021 after resolution at the Board of Directors held today, as follows.
1. Details of Dividends
Latest forecast
(Reference)
Resolution Content
Actual for year ended
(announced on May 13, 2020)
March 2020
Record date
March 31, 2021
same as on left
March 31, 2020
Dividend per share
0.00 yen
0.00 yen
0.00 yen
Total amount of
－
－
－
Dividends
Effective date
－
－
－
Dividend resource
－
－
－
2. Reason
The basic policy of the Company on the distribution of earnings is to continuously provide stable and appropriate returns based on a comprehensive consideration of returns to shareholders, current short-term investment and investment for future business development. The Company basically distribute retained earnings as dividends (ordinary dividends) twice a year at the end of the second quarter and the end of fiscal year. However, as announced on April 28, 2021 in "Summary of Consolidated Financial Results for the Year Ended March 31, 2021", the profit attributable to owners of parent for the fiscal year ended March 31, 2021 was loss of 9,373 million yen, and therefore the Company has decided to make no year-end dividend.
The Company forecasts interim and year-end dividend for the fiscal year ending March 31, 2022 as 12.00 yen per share respectively (full year dividend 24.00 yen per share). The Company apologizes to all the shareholders, and will target to realize early recovery of business and would appreciate for continued support.
(Reference) Detail of annual dividend
Dividend per share
Type of dividend
Special Dividend
Ordinary Dividend
Record date
June 30, 2019
End of second
Year end
Full year
quarter
Results for year
0.00 yen
0.00 yen
0.00 yen
ended March 2021
Results for year
250.00 yen
18.00 yen
0.00 yen
268.00 yen
ended March 2020
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Disclaimer
Hitachi Maxell Ltd. published this content on 25 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2021 07:02:01 UTC.
Maxell Ltd, formerly Maxell Holdings Ltd, is mainly engaged in the manufacturing and sales of energy, industrial materials and electric appliances and consumer products. The Company mainly operates through three business segments. The Energy segment manufactures and sells secondary batteries, such as coin type lithium secondary batteries, industrial lithium ion batteries and electrodes, and consumer lithium ion batteries, primary batteries such as lithium primary batteries and button batteries, and charger and battery packs. The Industrial Materials segment manufactures and sells optical components, functional materials, electroforming and precision parts, semiconductor-related embedded systems, mold and synthetic resin molded parts, adhesive tapes, radio-frequency identification (RFID) systems and Integrated Circuit (IC) cards, industrial rubber products and others. The Electric Appliance and Consumer segment manufactures and sells projectors, small electric equipments and others.
MAXELL, LTD. 
