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November 7, 2013

DISCO Announces a Dividend Payment for Fiscal Year 2013

DISCO Corporation(hereafter "the Company") today announced that its Board of Directors adopted a resolution on the dividend payment for its retained earnings whose dase date is September 30, 2013.

1. Dividend payment

Resolved Previous Forecast
Announced on August 8, 2013
Results of
the previous term
(FY2012)
Base date September 30, 2013 September 30, 2013 September 30, 2012
Dividend per share 50 yen 51 yen 40 yen
Total amount of dividend 1,689 millions of yen - 1,348 millions of yen
Effective date December 10, 2013 - December 10, 2012
Source of dividend Earned surplus - Earned surplus

2. Reason

To improve the transparency of the Company's stance prioritizing the return of profits to shareholders, the dividend payout ratio is set at 25% of consolidated net income for each half year period.
Based on the above policy, the interim dividend whose base date is September 30, 2013 will be 50yen per share.

Dividend Policy
Adopting a performance–linked dividend policy and aiming at giving clearer priority to shareholder returns, our target dividend payout ratio is 25% of the consolidated half-yearly net income.
There will be interim and final dividends, each of which will be equivalent to 25% of the half-yearly consolidated net income.
Irrespective of the level of income, we will maintain a reliable dividend of ¥10 per half-year. This means that the minimum yearly dividend will be ¥20.The ¥20 payout stipulated in our stable dividend policy may be reviewed if there are consolidated net losses in three consecutive years.
Except when there is a loss, if the year-end balance of cash and deposits after payment of dividends and income taxes is greater than projected funding requirements for the acquisition of technology resources (such as through patent purchases and investment in venture businesses, facility expansion, the retirement of interest-bearing debt and other purposes), one-third of that surplus will be added to dividends.

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