DISCO Announces a Dividend Payment for Fiscal Year 2009
DISCO Corporation (hereafter "the Company") today announced that its Board of Directors adopted a resolution on the dividend payment for its retained earnings whose base date is September 30, 2009.
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Resolved |
Previous forecast
(Announced on November 12, 2009) |
Results of the previous term
(term ended March 31, 2008) |
| Base date |
September 30, 2009 |
September 30, 2009 |
September 30, 2008 |
| Dividend per share |
10 yen |
10 yen |
10 yen |
| Total amount of dividend |
336 million yen |
- |
339 million yen |
| Effective date |
December 10, 2009 |
- |
December 10, 2008 |
| Source of dividend |
Earned surplus |
- |
Earned surplus |
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In the recent business forecast, announced on November 11th, 2009, consolidated sales and net income are 5,850 million yen and 1,400 million yen respectively. Applying our dividend policy on the forecast, dividend payment per share will be 20 yen, which is a stable base dividend. Thus, the dividend payment whose base date is September 30, 2009 will be 10 yen per share. |
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Dividend Policy
To improve the transparency of the Company’s stance prioritizing the return of profits to shareholders, the dividend payout ratio is set at 20% of the consolidated net income. However, notwithstanding this net income linked-benchmark, the Company will strive to maintain an annual dividend payment of not less than 20 yen per share as a stable base dividend.
The Company amended its dividend policy on May 12, 2008 to increase the dividend payment ratio in accordance with the achieved income performance; if the consolidated ordinary income margin exceeds 20%, averaged over four years, the dividend payout will be increased from 20% to 24%. |
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Contacts: |
Shinichiro Ozawa / Hiroyuki Yoshida
Investor Relations Office
Phone: +81-3-4590-1099 |
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