2019
Nov.7, 2019
MINEBEA MITSUMI Inc.
Notice Regarding Dividends on Surpluses (Interim Dividend)
MINEBEA MITSUMI Inc. (MinebeaMitsumi) announced that the Board of Directors has today made a resolution as shown below regarding the payment of dividends from surplus (interim dividend) with a date of record of September 30, 2019.
1. Details of Dividend
| Amount decided | Most recent dividend forecast announcement (announced August 2, 2019) |
Results for the previous fiscal year (interim dividend in the fiscal year ended March 31, 2019) |
|
|---|---|---|---|
| Record date | September 30, 2019 | Same as left | September 30, 2018 |
| Dividends per share | 14.00 yen | Undecided | 14.00 yen |
| Total dividends | 5,812 million yen | − | 5,877 million yen |
| Effective date | December 4, 2019 | − | December 3, 2018 |
| Funding for dividends | Retained earnings | − | Retained earnings |
2. Reasons
Sharing profits with our shareholders is job one at MinebeaMitsumi. That's why our basic dividend policy gives priority to enhancing equity efficiency and improving returns to our shareholders. Dividends, while reflecting performance, are determined in light of the overall business environment and with an eye to maintaining a stable and continuous distribution of profits.
Working in line with our basic policy, we made the interim dividend 14 yen per share. We will finalize the amount of the year-end dividend in light of our performance for this fiscal year with the aim of achieving a consolidated-basis dividend payout ratio of around 20%.
3. Details of the Annual Dividend Forecast
| Dividend per share (yen) | |||
|---|---|---|---|
| End of second quarter | Year-end | For the year | |
| Dividend forecast | Undecided | Undecided | Undecided |
| Results for the current fiscal year | 14.00 yen | − | − |
| Results for the previous fiscal year (ended March 31, 2019) |
14.00 yen | 14.00 yen | 28.00 yen |
(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 MITSUMI Inc. |
|---|---|
| Representative: | Yoshihisa Kainuma Representative Director, CEO & COO (Code No. 6479, TSE Div. No. 1) |
| Contact: | Shuji Uehara Director, Senior Managing Executive Officer |
| Phone: | +81-(0)3-6758-6711 |
Product information, contact and other context are subject to change without prior notice.
