May 11, 2023 | |
Company Name | Nissan Motor Co., Ltd. |
Securities Code | 7201 (TSE Prime Market) |
Inquiry | IR Department |
(TEL 045-523-5523) |
Notice Concerning Distribution of Dividends from Surplus
The Board of Directors of Nissan Motor Co., Ltd. (the "Company") decided at the meeting held on May 11, 2023, to distribute dividends from surplus with a record date of March 31, 2023, as described below. The resolution is subject to approval at the 124th Ordinary General Meeting of Shareholders to be held on June 27, 2023.
1. Details of Year-End Dividend
Previous forecast | Year-end dividend for | ||
Amount | (Announced on | the fiscal year ended | |
May 12, 2022) | March 31, 2022 | ||
Record date | March 31, 2023 | March 31, 2023 | March 31, 2022 |
Dividend per share | 10.00 yen | 5.00 yen | 5.00 yen |
Total dividend | 39,174 million yen | ― | 19,573 million yen |
Effective date | June 28, 2023 | ― | June 29, 2022 |
Source of dividend | Retained earnings | ― | Retained earnings |
2. Reasons
The Company determines dividends by comprehensively assessing the levels of profit, free cash flow
from the automotive business, and net cash for the automotive business.
Despite the challenging environment, the Company's operating profit and net income attributable to owners of the parent for the fiscal year ended March 31, 2023, exceeded the forecast previously announced in May 2022, due to its improved performance. The Company also continued to enhance its automotive free cash flow, achieving positive automotive free cash flow for the full fiscal year and healthy levels of automotive net cash with over 1.2 trillion yen. Given these results, the Company decided to increase the year-end dividend for the fiscal year ended March 31, 2023, from the previous forecast of 5 yen per share, to 10 yen per share.
The Company continues to focus on strengthening its capability, improving business performance, and enhancing shareholder returns.
(Reference) Details of full-year dividend
Dividend per share | ||||
Interim | Year-end | Total | ||
Dividend for the fiscal year | 0.00 yen | 10.00 yen | 10.00 yen | |
ended March 31, 2023 | ||||
Dividend for the fiscal year | 0.00 yen | 5.00 yen | 5.00 yen | |
ended March 31, 2022 | ||||
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Nissan Motor Co. Ltd. published this content on 11 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2023 07:36:06 UTC.