DISCO Announces a Dividend Payment for Fiscal Year 2011
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, 2011
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Resolved |
Previous forecast
(Announced on August 8, 2011) |
Results of the previous term
(FY2010) |
| Base date |
September 30, 2011 |
September 30, 2011 |
September 30, 2010 |
| Dividend per share |
29 yen |
27yen |
25 yen |
| Total amount of dividend |
977 million yen |
- |
840 million yen |
| Effective date |
December 9, 2011 |
- |
December 10, 2010 |
| Source of dividend |
Earned surplus |
- |
Earned surplus |
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To improve the transparency of the Company's stance prioritizing the return of profits to shareholders, the dividend payout ratio is set at 20% of consolidated net income for each half year period.
Based on the above policy, the interim dividend whose base date is September 30, 2011will be 29 yen per share. |
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Dividend Policy
To improve the transparency of the Company’s stance prioritizing the return of profits to shareholders, the dividend payout ratio is set at 20% of the consolidated net income.
Note: The total amount of the interim dividend will consist of 20% of consolidated net income for the first half of the year (April- September), and that of the final dividend, of 20% of consolidated net income for the second half of the year (October-March).
However, notwithstanding this net income linked-benchmark, the Company will strive to maintain an annual dividend payment of not less than 20 yen per share as a stable base dividend.
If the four-year cumulative consolidated ratio of ordinary income to net sales is higher than 20%, a dividend payout ratio of 24% of consolidated net income will be applied. Any difference over the interim dividend will be distributed with the final dividend.
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Contacts: |
Shinichiro Ozawa / Hiroyuki Yoshida
Investor Relations Office
Phone: +81-3-4590-1099 |
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