July 23, 2019
Canon Marketing Japan Inc.
President: Masahiro Sakata
TSE Code: 8060
Tokyo Stock Exchange (First Section)
Director, Senior Vice President
Notice Regarding Revision of Dividend Forecast for the Fiscal Year Ending December 31, 2019
The Company announced today that at a Board of Directors meeting held on July 23, 2019, a decision was made to revise a dividend forecast for the fiscal year ending December 31, 2019.
1. Details of Dividend
|Ratified Amount||Current Dividend Forecast
(Announced on April 23, 2019)
|Interim Dividend Paid for
the Fiscal Year Ended
December 31, 2018
|Base Period||June 30, 2019||Same as left||June 30, 2018|
|Dividend per Share||30.00 yen||unfixed||25.00 yen|
|Dividend Amount||3,890 million yen||-||3,241 million yen|
|Effective Date||August 26, 2019||-||August 27, 2018|
|Payment Source||Retained earnings||-||Retained earnings|
2. Reasons for the revision
The Company, in distributing profits in relation to the Three-Year Management Plan (2019-2021), 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 30.00 yen per share, given the aforementioned policy and comprehensively considering earnings for this fiscal year.
The forecast for the annual dividend, 60.00 yen per share, has been maintained.
Cash Dividend Forecast for Fiscal Year 2019
|Dividend per Share|
|Previous Forecast||unfixed||unfixed||60.00 yen|
|Revision of Forecast||-||30.00 yen||60.00 yen|
|Dividend Paid for the Fiscal Year Ended December 31, 2016||30.00 yen||-||-|
|Previous Term (Dividend Paid for the Fiscal year 2018)||25.00 yen||35.00 yen||60.00 yen|