Notice Regarding Revision of Dividend Forecast for the Fiscal Year Ended December 31, 2017
Canon Marketing Japan Inc. announced today that at a Board of Directors meeting held on July 26, 2017, a decision was made to revise a dividend forecast for the fiscal year ending December 31, 2017.
1. Details of Dividend
Ratified Amount | Current Dividend Forecast (Announced on April 25, 2017) |
Interim Dividend Paid for the Fiscal Year Ended December 31, 2016 | |
---|---|---|---|
Base Period | June 30, 2017 | Same as left | June 30, 2016 |
Dividend per Share | 25.00 yen | unfixed | 20.00 yen |
Dividend Amount | 3,241 million yen | - | 2,593 million yen |
Effective Date | August 28, 2017 | - | August 26, 2016 |
Payment Source | Retained earnings | - | Retained earnings |
2. Reasons
The Company, in distributing profits in relation to the Three-Year Management Plan (2017-2019), has adopted a basic policy of paying out dividends after comprehensively considering its medium-term profit forecasts, investment plans and their resultant cash flows, among other items, while establishing a consolidated dividend payout ratio of at least 30%.
The interim dividend has been decided as 25.00 yen per share, given the aforementioned policy and comprehensively considering earnings for this fiscal year.
As the net income forecast for the fiscal year 2017 is unchanged, the forecast for the annual dividend, 50.00 yen per share, has been maintained; however, the forecast for the year-end dividend is 25.00 yen per share because the interim dividend is fixed and the year-end dividend is equal to the balance of annual dividend and interim dividend.
Breakdown of annual dividend
Dividend per Share | |||
---|---|---|---|
Interim | Year-end | Full Year | |
Previous Forecast | unfixed | unfixed | 50.00 yen |
Revision of Forecast | ― | 25.00 yen | 50.00 yen |
Dividend fixed for the Fiscal Year 2017 | 25.00円 | ― | ― |
Previous Term (Dividend Paid for the Fiscal year 2016) |
20.00 yen | 30.00 yen | 50.00 yen |