2023
May 11, 2023
MINEBEA MITSUMI Inc.
Notice Regarding Dividends on Retained Earnings
MINEBEA MITSUMI Inc. (the "Company") announces that the Board of Directors meeting held on May 11, 2023 made a resolution as shown below regarding the dividends on retained earnings with the record date of March 31, 2023.
1. Details of Dividend
| Amount decided | Most recent dividend forecast (announced February 3, 2023) |
Results for the previous fiscal year (ended March 31, 2022) |
|
|---|---|---|---|
| Record date | March 31, 2023 | Same as left | March 31, 2022 |
| Dividends per share | 20.00 yen | Undecided | 18.00 yen |
| Total dividends | 8,170 million yen | − | 7,313 million yen |
| Effective date | June 30, 2023 | − | June 30, 2022 |
| Funding for dividends | Retained earnings | − | Retained earnings |
2. Reasons
Sharing profits with our Group's shareholders is first priority for MinebeaMitsumi (the "Company"). That is why its 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.
Based on the above basic policy, the Company plans to submit a proposal to the 77th Ordinary General Meeting of Shareholders, which is scheduled to be held in June of this year, for a year-end dividend of 20 yen per share for the current consolidated fiscal year, an increase of 2 yen from the previous fiscal year's record of 18 yen. As the Company has already paid an interim dividend of 20 yen per share, the annual dividends will be 40 yen per share.
| Dividends per share | |||
|---|---|---|---|
| Record date | Interim | Year-end | Total |
| Fiscal year ended March 31,2023 | 20.00 yen | 20.00 yen | 40.00 yen |
| Fiscal year ended March 31,2022 | 18.00 yen | 18.00 yen | 36.00 yen |
| Company Name: | MINEBEA MITSUMI Inc. |
|---|---|
| Representative: | Yoshihisa Kainuma Representative Director, Chairman CEO (Code No. 6479, TSE Prime) |
| Contact: | Katsuhiko Yoshida Director, President COO & CFO |
| Phone: | +81-(0)3-6758-6711 |
Product information, contact and other context are subject to change without prior notice.
