OMRON Announces Fiscal 2010 Interim Dividend (Dividends from Retained Earnings)
- FOR IMMEDIATE RELEASE
-
October 27, 2010
Company Name: OMRON Corporation Representative: Hisao Sakuta,
President & CEOStock ticker number: 6645 Stock exchanges: Tokyo, Osaka, Nagoya
(First Sections)Contact: Hiroshi Oishi, General Manager,
Investor Relations DepartmentPhone: +81-3-3436-7170
Tokyo, Japan - The Board of Directors of OMRON Corporation (TOKYO: 6645; ADR: OMRNY) today resolved to pay an interim dividend from retained earnings of 14.00 yen for fiscal 2010 (ending March 31, 2011).
- Interim Dividend Breakdown
FY2010 interim dividend
(confirmed amount)Previous forecast
(announced on
July 28, 2010)FY2009 interim dividend
(actual)Term ending September 30, 2010 September 30, 2010 September 30, 2009 Dividend per share 14.00 yen 10.00 yen 7.00 yen Total dividends JPY 3,083 million - JPY 1,541 million Effective date December 2, 2010 - December 3, 2009 Source of dividends Retained earnings - Retained earnings
- Rationale for Determination of Dividend
OMRON's policy on shareholder return is based primarily on securing internal capital resources for investments to promote growth and in turn increase corporate value, and returning any surplus to shareholders to the maximum extent possible, taking the level of free cash flow into consideration. When determining dividends, the Company targets a payout ratio of 20% or higher, with 2% DOE as a reference indicator.
Following the favorable consolidated financial results for the first and second quarters of fiscal 2010 announced today, the Company has decided to make an upward revision to the interim dividend to 14.00 yen per share, up 4.00 yen from the initial forecast.
Expecting current economic uncertainty to continue, the year-end dividend forecast remains undecided. The Company plans to announce the figure by April 2011 at the latest.
The expected dividends are as follows:
Dividend per share (yen) Interim
(September 30)Year-end
(March 31)Full year Expected dividends - Undecided Undecided FY2010 ending March 31, 2010 14.00 - - FY2009 ended March 31, 2009 7.00 10.00 17.00