MISUMI Group's Announcement of Dividend Distribution
The plan will be proposed to the 51st General Meeting of Shareholders to be held June 14, 2013.
1. Description of the Dividend Distribution
2. Reason for the Dividend Distribution
At MISUMI, we set our shareholder return policy based on a comprehensive review that takes into account the business environment, performance trends and forecasts, the strength of our balance sheet, capital efficiency and the level of retained earnings required to establish a stable financial standing over the long-term, among other factors.
Effective beginning the second half of FY2011, we have increased our dividend payout ratio to 25% from 20% as part of our effort to increase the return profits to our shareholders. We will maintain the 25% payout ratio in FY2012, as well.
We increase our year-end dividend to ¥16.2 per share (up ¥3.2 compared to the same period in the previous year), which represents an increase over the ¥13.05 originally planned year-end dividend made possible by the fact that net income beat our previous forecast. As a result, MISUMI plans to pay out annual dividends per share of ¥27.45 (up ¥4.25), including the interim dividend of ¥11.25 per share paid out already.
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