Nissin Foods Holdings Co., Ltd. Announces Cash Dividend for Fiscal Year from April 1, 2018 to March 31, 2019; Announces Board Changes
June 25, 2019 at 10:48 pm EDT
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Nissin Foods Holdings Co., Ltd. announced at its general meeting held on June 26, 2019, that the year-end dividend for the 71st fiscal year be ¥55 per share (total amount: ¥5,728,620,370, effective date of dividend of surplus: Thursday, June 27, 2019). Annual dividend per share is ¥110 (consolidated payout ratio: 59.2%), combined with the interim dividend (¥55 per share).
The company also announced that Yukiko Nakagawa was newly elected director and assumed her office. Naohiro Kamei was newly elected and assumed his office. Tetsuro Sugiura was newly elected as an alternate Audit & Supervisory Board Member.
NISSIN FOODS HOLDINGS CO., LTD. is a Japan-based holding company principally engaged in the manufacture and sale of instant foods, such as instant noodles. The Company is also involved in other food business, logistics business and other related business. The Company operates its business through five business segments. The four business segments, Nisshin Foods, Myojo Foods, Americas and China, mainly manufacture and sell instant bag noodles and cup noodles respectively. Low Temperature segment is involved in the manufacture and sale of chilled products and frozen products.