Sumitomo Electric Industries : Notice of Dividend for Fiscal Year 2019 ( 13.2 KB)

	(English Translation)
To Whom It May Concern:	May 19, 2020
Company Name:	Sumitomo Electric Industries, Ltd.
Representative:	Osamu Inoue, President and COO
Code Number:	5802 (TSE, NSE, FSE)
Contact:	Kenichiro Hizume,
	General Manager of Accounting Division
	(TEL [phone])

Notice of Dividend for Fiscal Year 2019

Sumitomo Electric Industries, Ltd. (''the Company'') announces that the Company's Board of Directors resolved at the meeting held on May 19, 2020 the amount of year-end dividend to be paid for the fiscal year ended March 31, 2020 as follows.

This resolution will be placed on the agenda at the 150th Ordinary General Meeting of Shareholders scheduled on June 25, 2020.

1. Dividend payments

	Determined distribution	Latest Forecast	Results for the previous fiscal
	(February 5, 2020)	year, ended March 31, 2019
Record date	March 31, 2020	March 31, 2020	March 31, 2019
Dividend per share	16.00 yen	24.00 yen	24.00 yen
Total dividend payout	12,481 million yen	-	18,722 million yen
Effective date	June 26, 2020	-	June 24, 2019
Fund source	Retained earnings	-	Retained earnings

2. Reason

Our basic policy for dividend is to maintain stable dividend payout and make comprehensive judgement based on consolidated financial results, dividend payout ratio, level of retained earnings, etc. As announced today, consolidated operating income, ordinary income and profit attributable to owners of the parent for FY2019 were less than each result for the previous fiscal year, as well as the annual forecast announced on February 5, 2020.

Based on the above, the Company plans to set the year-end dividend at 16 yen per share, a decrease of 8 yen from the latest forecast 24 yen per share.

(Reference) Annual Dividends Breakdown

		Dividend per share (yen)
Record date	Interim	Year-End	Total
Fiscal year ended March 31, 2020	24.00	16.00	40.00
Fiscal year ended March 31, 2019	24.00	24.00	48.00