Tokyo, Japan—On May 10, 2017, Tosoh Corporation’s Board of Directors decided to consolidate two shares of the company’s common stock into one share. The matter has been put on the agenda of the 118th ordinary general meeting of shareholders, scheduled for June 2017. If the shareholders agree with the decision, Tosoh’s share consolidation will become effective on October 1, 2017.
The original forecast for the dividend for the period ending March 31, 2018, presented in the “Summary of Consolidated Financial Results for the Year Ending March 31, 2018 (Japanese Standard),” assumes the number of shares in the absence of share consolidation. That forecast and its revision should the motion regarding the share consolidation be approved at the ordinary general meeting of shareholders, are as follows:
Dividend Status
Before Share Consolidation
| | Annual Dividend |
| 1st quarter | 2nd quarter | 3rd quarter | Year-end | Total |
| Year ending March 31, 2018 (forecast) (¥) | — | 12.00 | — | 12.00 | 24.00 |
After Share Consolidation
| | Annual Dividend |
| 1st quarter | 2nd quarter | 3rd quarter | Year-end | Total |
| Year ending March 31, 2018 (forecast) (¥) | — | 12.00 | — | 24.00 | —
|
For the goals and particulars of the share consolidation, see the “Notice of Proposals to Change the Number of Shares per Share Unit and to Consolidate Shares and of an Amendment to the Articles of Incorporation” that was released on May 10, 2017.
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.