Sumitomo Forestry : Notice of Payment of Dividends (Increase)
February 15, 2021 at 02:31 am EST
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February 15, 2021
For Immediate Release
Company name: Sumitomo Forestry Co., Ltd. (Stock code: 1911 1st section, Tokyo Stock Exchange) Representative: Toshiro Mitsuyoshi, President & CEO
Inquiries: Toshihiro Horii, General Manager of Corporate Communications Dept.
(Tel: +81-3-3214-2270)
Notice of Payment of Dividends (Increase)
At a meeting of the Board of Directors on February 15, 2021, Sumitomo Forestry Co., Ltd. (hereinafter "Sumitomo Forestry") resolved to distribute dividends of surplus as follows with the record date of December 31, 2020.
The company has changed its fiscal term end from March 31 to December 31 from the fiscal year ended December 31, 2020.The fiscal year, which was the transition period, was the nine months started on April 1, 2020 and ended on December 31, 2020.
1. Details of dividends
Amount determined
Most recent dividend forecast
(Announced Nov. 12, 2020)
Previous year result
(Fiscal year ended
Mar. 2020)
Record date
December 31, 2020
December 31, 2020
March 31, 2020
Dividend per share
25.00 yen
20.00 yen
20.00 yen
Total amount of dividends
4,562 million yen
―
3,649 million yen
Effective date
March 31, 2021
―
June 24, 2020
Source of dividends
Retained earnings
―
Retained earnings
2. Reasons
Sumitomo Forestry recognizes return to shareholders as one of our highest priorities, and our basic policy is to provide stable and continuous dividends. As a result of comprehensively considering the current business results based on the above basic policy, the dividend per share with December 31, 2020 was set at ¥25 per share, which is an increase of ¥5 from the latest dividend forecast of ¥20. The resolved payment of the dividends of surplus will be submitted to the 81st Annual General Meeting of Shareholders scheduled for March 30, 2021 for approval.
(Reference) Breakdown of annual dividends
Dividend per share (yen)
Record date
Interim
Year-end
Annual
FY12/2020
(9 months)
10.00
25.00
(plan)
35.00
(plan)
FY3/2020
(12 months)
20.00
20.00
40.00
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Disclaimer
Sumitomo Forestry Co. Ltd. published this content on 15 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2021 07:30:05 UTC.
Sumitomo Forestry Co., Ltd. is a Japan-based company mainly engaged in the forestry business. The Company operates in three business segments. The Timber and Building Material segment purchases, manufactures, processes and sells lumber products and building materials. The Housing segment constructs, sells, maintains and renovates detached houses, apartment and condominiums, operates exterior, landscape and greening works. The overseas segment is engaged in the purchase, manufacture and sales of lumber products and building materials overseas, as well as the contracted construction and sales of detached houses. Other businesses include biomass power generation business, pay nursing homes, dispatches manpower, manufactures and sells agriculture and gardening materials, and involves leasing business and insurance agency business.
SUMITOMO FORESTRY CO., LTD. 
