2016
Nov.2, 2016
Minebea Co., Ltd.
Notice Regarding Dividends on Surpluses (Interim Dividend) and Revised Year-end Dividend Forecast
Minebea Co., Ltd. announced today that it has revised dividend forecast announced on May 10, 2016 for the fiscal year ending March 31, 2017 (from April 1, 2016 to March 31, 2017).
1. Details of Dividend
| Amount decided | Most recent dividend forecast announcement (announced May 10, 2016) |
Results for the previous fiscal year (interim dividend in the fiscal year ended March 31, 2016) |
|
|---|---|---|---|
| Record date | September 30, 2016 | Same as left | September 30, 2015 |
| Dividends per share | 7.00 yen | Undecided | 10.00 yen |
| Total dividends | 2,624 million yen | - | 3,740 million yen |
| Effective date | December 5, 2016 | - | December 4, 2015 |
| Funding for dividends | Retained earnings | - | Retained earnings |
2. Details of Change of the Dividend Forecast
| Annual dividend | |||
|---|---|---|---|
| End of second quarter | Year-end | For the year | |
| Previous forecast (announced on May 10, 2016) |
Undecided | Undecided | Undecided |
| Revised forecast | − | 7.00 yen | 14.00 yen |
| Results for the current fiscal year | 7.00 yen | − | − |
| Results for the previous fiscal year (ended March 31, 2016) |
10.00 yen | 10.00 yen | 20.00 yen |
3. Reasons for Revisions
Our dividend forecast is based on our basic dividend policy that gives priority to enhancing equity efficiency and improving returns to our shareholders. Dividends are calculated to reflect performance in light of the overall business environment as we aim to maintain a stable and continuous distribution of profits.
Working in line with our basic policy and in consideration of performance projections for this fiscal year, we have lowered the interim dividend by 3 yen to make it 7 yen per share and lowered the year-end dividend by 3 yen to make it 7 yen per share.
We bought back convertible bonds worth 13,896 million yen in order to prevent the dilution of our shares resulting from the integration with MITSUMI ELECTRIC CO., LTD. that will occur through a share exchange scheduled to take place this fiscal year.
(Note) The forecasts contained in this press release are made based on the information available as of the date of the announcement and may differ from the forecasts due to a variety of factors in the days to come.
| Company Name: | Minebea Co., Ltd. |
|---|---|
| Representative: | Yoshihisa Kainuma Representative Director, President and Chief Executive Officer (Code No. 6479, TSE Div. No. 1) |
| Contact: | Hiromi Yoda Director, Senior Managing Executive Officer |
| Phone: | +81-(0)3-6758-6711 |
Product information, contact and other context are subject to change without prior notice.
