Sanrio : Notice Regarding Receipt of Dividends from Consolidated Subsidiaries
September 15, 2020 at 03:05 am EDT
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September 15, 2020
Company Name: Sanrio Company, Ltd.
President and Chief Executive Officer: Tomokuni Tsuji
Securities Code: 8136, First Section of Tokyo Stock Exchange
Inquiries: Jiro Kishimura, Managing Director
Tel.: +81-3-3779-8058
Notice Regarding Receipt of Dividends from Consolidated Subsidiaries
Sanrio Co., Ltd. (the "Company") hereby announces its intention to receive dividends from the following 4 overseas subsidiaries. As a result, there will be an impact on the Company's non- consolidated financial results, as announced below.
1. Details of the Dividends
Subsidiary Name
Dividend Amount
Planned Receipt Date
Sanrio (Shanghai)
108 Million CNY
October 28, 2020
International Trade Co., Ltd.
(1,600 Million JPY *)
Sanrio GmbH
2,500 Million JPY
October 30, 2020
Sanrio (Hong Kong) Co., Ltd.
4,000 Million JPY
November 4, 2020
Sanrio Taiwan Co., Ltd.
1,800 Million JPY
November 4, 2020
The amounts have been converted at an approximate exchange rate of 14.81 JPY to 1 CNY. This value will change depending on the actual JPY exchange rate at the time of receipt.
2. Impact on Financial Results
As a result of the receipt of these dividends, the Company will record income from these dividends as non-operating income in its non-consolidated financial results for Fiscal Year ending March 2021.
Because these dividends are from consolidated subsidiaries, the financial impact on the Company's consolidated financial results for the fiscal year ending March 31, 2021 is expected to be minor.
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Sanrio Co. Ltd. published this content on 15 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2020 07:04:05 UTC
Sanrio Company, Ltd. is a Japan-based company mainly engages in the planning and sales of social communication gift products, theme park business and others. Social Communication Gifts business mainly involves in the planning and sales of social communication gifts, as well as greeting cards, publications, the production and sales of video software, and the licensing and management of copyright. The Theme Park business operates theme parks, and plans and provides musicals and others. In addition, the Company is also engaged in the sale and leasing of robots, automobile loan, property and casualty insurance agency business and others.