OMRON Announces Fiscal 2019 In
AddTime: 2019-10-29 View Hits: Source: Author:
Keywords: OMRON|Announces|Fiscal|2019|Interim|Dividend,|Full-Year|Total|Dividend|Forecast|and|Year-End|Dividend|Forecast
KYOTO, Japan – The Board of Directors of OMRON Corporation (TOKYO: 6645; ADR: OMRNY) today approved the interim dividend, a revision of the planned full-year total dividend and year-end dividend forecast for fiscal 2019 (ending March 31, 2020). 1. Details of Interim Dividend FY2019 interim dividend (Decided on Oct. 29, 2019) Previous forecast (Announced on April 24, 2019) FY2018 interim dividend (Actual) Dividend record date September 30, 2019 September 30, 2019 September 30, 2018 Dividend per share 42.00 yen - 42.00 yen Total dividends 8,657 million yen - 8,805 million yen Effective date December 3, 2019 - December 4, 2018 Source of dividends Retained earnings - Retained earnings 2. Details of Dividend Forecast Dividend per share Term Interim Year-end Full-year total Previous forecast (Announced on April 24, 2019) - - 84.00 yen Revised forecast - 42.00 yen 84.00 yen Fiscal 2019 actual (ended March 31, 2020) 42.00 yen - - Fiscal 2018 actual (ended March 31, 2019) 42.00 yen 42.00 yen 84.00 yen 3. Reason for revision of interim dividend, full-year total dividend forecast and year-end dividend forecast Under OMRON’s shareholder return policy, the company aims for sustainable corporate value growth, prioritizing investments necessary for future business expansion. These investments include research and development, capital investments, mergers and acquisitions, and other investments for future growth. After ensuring internal reserves, the company strives for stable and sustained shareholder return while taking capital efficiency into account. The policy also states that the company has established a guideline of approximately 30% in payout ratio and approximately 3% of DOE for profit distributions for the fiscal years covered by our medium-term management plan, VG2.0. In this fiscal year, aiming for stable and sustained dividends, the company considers current financial situation, DOE level and the past dividend results, and has decided the same amount forecast of 84 yen for the fiscal year ending March 2020, which is the same amount of the prior fiscal year. The company forecasts interim and year-end dividends of 42 yen, each representing half of the full-year dividend forecast above. Each dividend payment represents the same amount of the prior fiscal year.