Sumitomo Electric Industries : Notice of Dividend for Fiscal Year 2019 ( 13.2 KB)
May 19, 2020 at 02:18 am EDT
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(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 +81-6-6220-4141)
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
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Disclaimer
Sumitomo Electric Industries Ltd. published this content on 19 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 May 2020 06:17:01 UTC
Sumitomo Electric Industries, Ltd. is one of the world's leaders of electric wires and cables, and fiber optic manufacturing. Net sales (including intragroup) break down by sectors of activity as follows:
- automotive (54.8%): cable beams, rubber anti-vibration products, etc.;
- energy and environment (21.1%): copper electric wires, electric cables, magnet wires, power cables, etc.;
- electronic (7.8%): electronic wires, semiconductors components, electronic components, printed circuit boards, etc.;
- information and communication (7.5%): fiber optic cables, optic components, network cabling systems, etc.;
- others (8.8%): primarily steel special wires.
Net sales break down geographically as follows: Japan (42.7%), China (19.7%), Asia (10.7%), the United States (11.8%), the Americas (4.2%) and other (10.9%).