Ube Industries : Announces Revised Dividend Projections for Fiscal Year Ending March 31, 2021
July 31, 2020 at 02:05 am EDT
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July 31, 2020
Company name: Ube Industries, Ltd.
Representative:
Masato Izumihara
President and Representative Director
Security code:
4208 (shares listed on First Section of Tokyo
Stock Exchange and Fukuoka Stock Exchange)
Contact:
Hirotaka Ishikawa
General Manager, Finance & Investor Relations
Department
Tel: +81-3-5419-6116
Ube Industries Announces Revised Dividend Projections for
Fiscal Year Ending March 31, 2021
Ube Industries today announced the revision of its interim and fiscal year-end dividend projections for the fiscal year ending March 31, 2021. The dividend projections were listed as "to be decided later" in the consolidated financial report for the fiscal year ended March 31, 2020, which was previously announced on May 13, 2020.
1. Reason for the Revision
Ube Industries has made it a basic policy to pay stable dividends in accordance with Company earnings and flexibly acquire treasury stock. At the same time, Ube Industries also considers it important to increase internal reserves, both for the Company's financial health and future business expansion. Additionally, under the Vision UBE 2025-Prime Phase medium-term management plan implemented from fiscal 2019, the Company is aiming for a consolidated total return ratio of 30% or more of profit attributable to owners of parent on a three-year average, as a total return ratio (consolidated) comprising dividends and treasury stock acquisitions. The Company is also aiming for a dividend on equity (DOE) of 2.5% or higher as an indicator.
Based on the above policies and after comprehensively taking into account the current projections for income, expenditures, and the financial situation, the Company projects a 45 yen per share dividend for the interim dividend and year-end dividend respectively, for the fiscal year ending March 31, 2021.
2. Details of Revision
Annual Dividends
End of Q2
End of Fiscal Year
Total
(yen)
(yen)
(yen)
Previous forecast
－
－
90.00
Revised forecast
45.00
45.00
90.00
Actual (fiscal year
ending March 31, 2021)
Previous fiscal year
45.00
45.00
90.00
(ended March 31, 2020)
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Ube Industries Ltd. published this content on 31 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2020 06:05:31 UTC
UBE Corporation (formerly Ube Industries, Ltd.) specializes in manufacturing and marketing of chemical products. The group is also developing a production of building materials and industrial machines activity. Net sales break down by activity as follows:
- sale of basic chemical products (53%): polymers, polyamide resins, caprolactams, industrial chemical products, synthetic rubbers, elastomers, polyethylene films, etc.;
- manufacturing of molding machines and industrial equipments (21.7%);
- sale of specialty chemicals (10.8%): polyimides, membrane separation products, ceramics, boron trichloride, Tyranno type fibers, materials for lithium-ion batteries, phenol-formaldehyde resins, active pharmaceutical ingredients, etc., primarily for the electric vehicle, electronic components, semiconductor, biofuels and pharmaceutical industries;
- other (14.5%).
Net sales are distributed geographically as follows: Japan (63.4%), Asia (21.1%), Europe (8.7%) and other (6.8%).
UBE CORPORATION 
