Suntory Beverage & Food : Notice regarding Dividend of Surplus
February 13, 2017 at 01:53 am EST
Share
February 13, 2017
Company name :
Suntory Beverage & Food Limited
(Securities code: 2587, First Section, Tokyo Stock Exchange)
Representative :
Saburo Kogo, President & CEO
Inquiries :
Nobuhiro Yasui,
Senior General Manager, Corporate Communication Division
TEL: +81-3-3275-7022 (from overseas)
Notice regarding Dividend of Surplus
Suntory Beverage & Food Limited hereby notify you that at a meeting of the Board of Directors held today, it was resolved to add as an item of agenda for the 8th Ordinary General Meeting of Shareholders to be held on March 30, 2017, the matter of paying dividends from surplus with a record date of December 31, 2016.
Dividend Breakdown
Determined amount
Latest expected dividends
Previous fiscal year
-end
Record date
December 31, 2016
December 31, 2016
December 31, 2015
Dividends per share
¥39.00
¥34.00
¥35.00
Total amount of dividends
¥12,051,000,000
-
¥10,815,000,000
Effective date
March 31, 2017
-
March 31, 2016
Dividend resource
Retained earnings
-
Retained earnings
Rationale
We believe our prioritization of strategic investments as well as capital expenditures for sustainable revenue growth and increasing the corporate value will benefit our shareholders. In addition, we view an appropriate shareholder return as one of our core management principles. While giving due consideration to providing a stable return and maintaining robust internal reserves for the future, we intend to pursue a comprehensive shareholder return policy that also takes into account our business results and future funding needs. Considering the business performance during this fiscal year and the future business outlook, we propose to pay a year-end dividend for the current business term of ¥39 per share. It is scheduled to be added as an item of agenda for the Ordinary General Meeting of Shareholders to be held on March 30, 2017.
(Reference) Breakdown of Annual Dividend
Dividends per share (¥)
Record date
Second quarter-end
Fiscal year-end
Total
Fiscal year ended December 31,2016
¥34.00
¥39.00
¥73.00
Fiscal year ended December 31,2015
¥33.00
¥35.00
¥68.00
Suntory Beverage & Food Limited published this content on 13 February 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 February 2017 06:52:12 UTC.
Original documenthttp://www.suntory.com/news/article/mt_items/SBF0498E.pdf
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Suntory Beverage & Food Limited is a Japan-based company principally engaged in the manufacture and sale of beverages and food. The Company operates in five geographic segments. Japan segment is involved in the manufacture and sale of mineral water, coffee beverages, tea beverages, carbonated beverages, sports beverages, as well as foods for specified health use in Japan. Europe segment manufactures and sells carbonated beverages Orangina and Schweppes, fruit juice beverages Oasis and Ribena, energy and sports drinks Lucozade in France, the UK, Spain and Africa. Asia segment manufactures and sells health food products, such as the BRAND'S Essence of Chicken series in Taiwan and Southeast Asia, including Thailand. Oceania segment manufactures and sells soft drinks mainly in New Zealand and Australia. Americas segment manufactures and sells soft drinks mainly in North Carolina, the United States.