2007
May 8, 2007
Minebea Co., Ltd.
Notice Regarding theYear-end Dividend
The following is to inform you of the decision reached by our board of directors conducted on the 8th of May, 2007, regarding the year-end dividend with a record date of the 31st of March, 2007.
1. Content of Dividend
| Amount Determined | Nearest Predicted Dividend (Disclosed on the 31st of October, 2006) |
Previous Period Performance (FY Ending March 31, 2006) |
|
|---|---|---|---|
| Record Date |
31st of March, 2007 |
Same as left |
31st of March, 2006 |
| Dividend Per Share |
10.00 yen |
7.00 yen |
7.00 yen |
| Sum of Dividends |
3,990 million yen |
- |
2,793 million yen |
| Date of Effect |
29th of June, 2007 |
- |
30th of June, 2006 |
| Source of Dividend |
Retained earnings |
- |
Retained earnings |
2. Reason
Our dividend policy had been to perform income disposition based on stable dividends. However, we have decided to take a new basic policy of profit returns based on a standard that better reflects business performance, while considering the overall business environments and placing primary importance on improved efficiency for shareholder's equity and better cash returns to our shareholders.
In regards to the business performance for Fiscal Year Ending March 31, 2007 the consolidated net income was 12,862 million yen, which is a profit increase of 202.1% compared to the previous year's consolidated accounts.
Therefore, we are please to announce to our shareholders that the year-end dividend will be 10 yen per share. This will be brought up at the 61st annual shareholder general meeting, scheduled to be held in June this year.
(Reference) Breakdown of the Year's Dividends
| Dividend Per Share (Yen) | |||
|---|---|---|---|
| Interim | Year-end | Year | |
| Performance |
- |
10.00 |
10.00 |
| Previous Period Performance (FY Ending March 31, 2006) |
- |
7.00 |
7.00 |
| Company Name: | Minebea Co., Ltd. |
|---|---|
| Representative: | Takayuki Yamagishi Representative Director, President and Chief Executive Officer (Code No. 6479 TSE Div. No. 1) |
| Contact Person: | Sakae Yashiro Managing Executive Officer Deputy Chief of Administration Headquarters (TEL: 81-3-5434-8611) |
Product information, contact and other context are subject to change without prior notice.
