SUMIDA: Investor News

Notice of the First Quarter Dividend for Fiscal Year 2021

April 28th 2021 Press Release

The Board of Directors of SUMIDA CORPORATION determined to pay a first quarter dividend for the Fiscal Year 2021 ended March 31, 2021. The details are as follows.

1. Details of the First Quarter Dividend of FY2021

  Determined Most Recent Dividend Forecast
(Announced on February 8, 2021)
Record Date March 31, 2021 March 31, 2021
Dividend per Share 3 yen 3 yen
Total Amount of Dividend 81 million yes -
Effective Date May 31, 2021 -
Dividend Resource Retained earnings -

Note: As of March 31, 2021, a total of 27,444,317 shares were issued, of which 250,316 shares were treasury stocks.  Therefore, the first quarter dividend for the fiscal year 2021 will be paid for 27,194,001 shares.

2. Dividend Policy for Fiscal Year 2021

The Company’s basic policy for the return of profits to shareholders is to deliver dividends in consideration of a consolidated dividend payout ratio (25% to 30%) with top priority on the profit distribution through dividends.

When it is inappropriate to deliver dividends in accordance with the basic policy based on consolidated business results for the current fiscal year, the Company will work to enhance shareholder returns up to the amount of distributable surplus after considering Dividend on Equity (DOE) and other measures.

The Company stipulates in the Articles of Incorporation that it may allocate dividends of surplus upon a resolution of the Board of Directors, and it is the Company’s basic policy to pay dividends four times a year.

Regarding the payment method of dividends, the Company pays the amount determined in each quarter from the first quarter through the third quarter.  In addition, the Company’s policy for the fourth quarter is to pay year-end dividend in order to have dividends reflect the consolidated business results of the current fiscal year and to have annual dividend in line with the above dividend policy.

The Company will utilize internal reserve funds to strengthen its financial structure and keep growth power for the future.

  1st QTR 2nd QTR 3rd QTR 4th QTR Total
Dividend payout for 2021 (Plan) 3 JPY 3 JPY
(Plan)
3 JPY
(Plan)
3 JPY
(Plan)
12 JPY
(Plan)

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