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 record date is March 31, 2010.
|
Resolved |
Previous forecast
(Announced on May 15, 2009) |
Results of the previous term
(term ended March 31, 2009) |
| Base date |
March 31, 2010 |
March 31, 2010 |
March 31, 2009 |
| Dividend per share |
10 yen |
10 yen |
10 yen |
| Total amount of dividend |
336 million yen |
- |
336 million yen |
| Effective date |
June 25, 2010 |
- |
June 24, 2009 |
| Source of dividend |
Earned surplus |
- |
Earned surplus |
| 2. |
Year-end dividend for FY2009 |
|
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.
Based on the above policy, the year-end dividend payment per share for FY2009 is 10 yen (20 yen for the year).
This proposal will be made at meeting of the 71st ordinary general meeting of shareholders to be held on June 25, 2010. |
|
|
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%.
|
|
Contacts: |
Shinichiro Ozawa / Hiroyuki Yoshida
Investor Relations Office
Phone: +81-3-4590-1099 |
|
|
|
