Subaru : Notice Regarding Distribution of Dividends from Surplus
May 13, 2024 at 12:06 am EDT
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May 13, 2024
Company name: SUBARU CORPORATION
Representative: Atsushi Osaki, Representative Director, President and CEO (Securities code: 7270; Tokyo Stock Exchange Prime Market)
Contact for inquiries: Masayuki Miyamoto, General Manager of Investor Relations Department Phone: +81-3-6447-8825
Notice Regarding Distribution of Dividends from Surplus
The Company hereby announces that, at its Board of Directors meeting held on May 13, 2024, the Company resolved to make the following revision to its dividend payment using retained earnings with a record date of March 31, 2024.
This matter will be submitted to the 93rd annual general meeting of shareholders scheduled for June 19, 2024.
1. Details of Dividend
Latest dividend forecast
Dividend for the previous
fiscal year
Final amount
(Announced on November
(Fiscal year ended March 31,
2, 2023)
2023)
Record date
March 31, 2024
March 31, 2024
March 31, 2023
Dividend per share
¥58.00
¥48.00
¥38.00
Total amount of
¥43,627 million
-
¥29,161 million
dividends
Effective date
June 20, 2024
-
June 22, 2023
Source of dividend
Retained earnings
-
Retained earnings
payment
2. Reason
The Company positions shareholder returns as an important managerial issue and endeavors to make stable and continuous dividend payments and to flexibly repurchase its shares to achieve a total return ratio of 30-50 percent, while comprehensively considering factors such as its performance, investment plans, and business environment each fiscal year.
The Company has determined to pay a final dividend of ¥58 per share for the fiscal year ended March 31, 2024, revising upward its latest ordinary dividend payment forecast of ¥38 per share by ¥10 to ¥48 given the better-than-projected consolidated financial results for the fiscal year and other reasons, and adding the 70th commemorative dividend of ¥10 (as announced on November 2, 2023).
This will bring the Company's annual dividend per share to ¥106 including an interim dividend per share of ¥48 which the Company has already paid.
(Reference) Breakdown of Annual Dividend
Dividend per share (¥)
Record date
End of 2Q
End of fiscal year
Total
Dividend for the
¥48.00
¥58.00
¥106.00
(Ordinary dividend: ¥38.00)
(Ordinary dividend: ¥48.00)
(Ordinary dividend: ¥86.00)
fiscal year ended
(Commemorative dividend:
(Commemorative dividend:
(Commemorative dividend:
March 31, 2024
¥10.00)
¥10.00)
¥20.00)
Latest dividend
¥48.00
¥96.00
forecast
(Commemorative dividend:
(Commemorative dividend:
(February 8, 2024)
¥10.00)
¥20.00)
Dividend for the
previous fiscal year
¥38.00
¥38.00
¥76.00
(Fiscal year ended
March 31, 2023)
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Subaru Corp. published this content on
13 May 2024 and is solely responsible for the information contained therein. Distributed by
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13 May 2024 04:05:04 UTC.
Subaru Corporation specializes in the production and marketing of automotive vehicles. The group also develops aeronautical construction activity. Net sales (including intragroup) break down by activity as follows:
- sale of vehicles (96.7%): mini-cars and individual cars (860,000 units sold in 2020/21; brands Legacy, Impreza, Forester, Exiga, etc.);
- sale of aircrafts (3.1%);
- other (0.2%): primarily manufacturing of industrial equipment (engines, pumps, electric generators, etc.).
Net sales break down geographically as follows: Japan (17.6%), Asia (3.3%), North America (73.6%), Europe (1.9%) and other (3.6%).