Notice Regarding Issuance of Dividends of Surplus

Tokyo, Japan—Tosoh Corporation’s Board of Directors decided in a meeting held May 9, 2018, that dividends of surplus will be issued to shareholders with the record date of March 31, 2018. Details are as follows.

1. Details


Decided Previous forecast
(5.10.2017)
FY 2017 actual
(year ended 3.31.2017)
Record date March 31, 2018 March 31, 2018 March 31, 2017
Dividend per share (¥) 32.00 24.00 16.50
Total amount of dividends (¥) 10,391 million
10,713 million
Effective date June 6, 2018
June 7, 2017
Funding source Retained earnings
Retained earnings

Note: Due to the consolidation of Tosoh Corporation’s common shares at the ratio of one share for two shares effective October 1, 2017, the latest dividend forecast was revised from ¥12 to ¥24. The dividend for FY 2017 reflects the actual amount of dividend prior to the share consolidation, and post-share consolidation would be ¥33 per share.

2. Purpose

It is a core policy of Tosoh Corporation to provide a continuous and stable dividend as a return on investment to its shareholders. The forecast for the fiscal 2018 year-end dividend had been ¥24.00 per share. However, after taking into account the company’s business trends, dividend payout ratio, and other factors, the actual dividend was raised to ¥32.00 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 2018 (ended 3.31.2018) 12.00 32.00 -
Fiscal 2017 (ended 3.31.2017)
7.50 16.50
24.00

Note: Effective from October 1, 2017, Tosoh Corporation consolidated its common shares at the ratio of one share for two shares. The dividends for interim (Q2) and FY 2017 reflect the actual amount of dividend prior to the share consolidation, and post-share consolidation would accordingly be ¥56 and ¥48 yen per share respectively.


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 ¥822.9 billion (US$7.4 billion at the average rate of ¥110.85 to the US dollar) in fiscal 2018, ended March 31, 2018.

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.

For more information, please contact

 

Jeff Markley
International Corporate Development
Tosoh Corporation

jeff.markley@tosoh.com
Tel: +81 3 5427 5118
Fax: +81 3 5427 5198