Tokyo, Japan—Tosoh Corporation’s Board of Directors (BOD) decided in a meeting held October 30, 2015, that interim dividends of surplus will be issued to September 30, 2015, shareholders of record. The BOD also decided to revise Tosoh’s fiscal 2016 year-end dividend forecast.
The details of both decisions are as follows:
Details of interim dividends of surplus
| | Decided | Previous forecast (5.11.2015) | FY 2015 actual
(year ended 3.31.2015) |
| Record date | September 30, 2015 | September 30, 2015 | September 30, 2014 |
| Dividend per share (¥) | 7.00 | 5.00 | 5.00 |
| Total amount of dividends (¥) | 4,543 million | － | 1,799 million |
| Effective date | December 2, 2015 | － | June 6, 2014 |
| Funding source | Retained earnings | － | Retained earnings |
Details of fiscal 2016’s year-end dividend forecast revision
| | Dividend (¥) |
| Interim | Year-end | Full year |
| Previous forecast
(5.11.2015) | 5.00 | 5.00 | 10.00 |
| Revised forecast | | 7.00 | 14.00 |
| Fiscal 2016 actual | 7.00 | | |
| Fiscal 2015 actual | 5.00 | 5.00 | 10.00 |
Purpose
Shareholder returns through sustained and stable dividends are one of Tosoh Corporation’s most important and basic capital policies. After taking into account the company’s business trends, dividend payout ratio, and other factors, the previously forecasted fiscal 2016 full-year dividend of ¥10 per share is being raised to ¥14 per share (inclusive of an interim dividend of ¥7 per share).
TOSOH CORPORATION
WHO WE ARE
Tosoh Corporation is the parent of the Tosoh Group, which comprises over 100 companies worldwide and a multiethnic workforce of over 11,000 people and generated net sales of ¥809.7 billion (US$6.7 billion at the year-end rate of ¥120.17 to the US dollar) in fiscal 2015, ended March 31, 2015.
WHAT WE DO
Tosoh is one of the largest chlor-alkali manufacturers in Asia. The company supplies the plastic resins and an array of the basic chemicals that support modern life. Tosoh’s petrochemical operations supply ethylene, polyethylene, and functional polymers, while its advanced materials business serves the global semiconductor, display, and solar industries. Tosoh has also pioneered sophisticated bioscience systems that are used for the monitoring of life-threatening diseases. In addition, Tosoh demonstrates its commitment to a sustainable future in part by manufacturing a variety of eco-products.
Stock Exchange Ticker Symbol: 4042
DISCLAIMER
This document may contain forward-looking statements, including, without limitation, statements concerning product development, objectives, goals, and commercial introductions, which involve certain risks and uncertainties. Forward-looking statements are identified through the use of the word anticipates and other words of similar meaning. Actual results may differ significantly from the results expressed in forward-looking statements.