Tokyo, Japan—Tosoh Corporation’s Board of Directors (BOD) decided in a meeting held May 10, 2017, that dividends of surplus will be issued to shareholders with the record date of March 31, 2017. Details are as follows.
1. Details
| Decided | Previous forecast
(5.10.2016) | FY 2016 actual
(year ended 3.31.2016) |
| Record date | March 31, 2017 | March 31, 2017 | March 31, 2016 |
| Dividend per share (¥) | 16.50 | 7.50 | 7.00 |
| Total amount of dividends (¥) | 10,713 million | －
| 4,542 million |
| Effective date | June 7, 2017 | －
| June 8, 2016 |
| Funding source | Retained earnings | －
| Retained earnings
|
2. Purpose
The sustainability and stability of dividends is one of Tosoh Corporation’s fundamental policies on the return of profits to its shareholders. The forecast for the fiscal 2017 year-end dividend had been ¥7.50 per share. However, after taking into account the company’s business trends, dividend payout ratio, and other factors, the actual dividend was raised to ¥16.50 per share. The issue of dividends of surplus will be carried out per resolution by the Board of Directors under the Company’s articles of incorporation, and does not require a resolution at the general meeting of shareholders.
| (¥) |
| Record date | Interim (Q2) | Year-end (Q4) | Total |
| Fiscal 2017 (ended 3.31.2017) | 7.50 | 16.50 | 24.00 |
Fiscal 2016 (ended 3.31.2016)
| 7.00 | 7.00
| 14.00 |
TOSOH CORPORATION
WHO WE ARE
Tosoh is the parent of the Tosoh Group, which comprises over 100 companies worldwide and a multiethnic workforce of over 12,000 people and generated net sales of ¥743.0 billion (US$6.9 billion at the average rate of ¥108.35 to the US dollar) in fiscal 2017, ended March 31, 2017.
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.