OMRON Announces Fiscal 2013 Interim Dividend and Year-End Dividend Forecast
October 29, 2013
Company Name: | OMRON Corporation |
---|---|
Representative: | Yoshihito Yamada, President and CEO |
Stock Code: | 6645 |
Stock exchanges: | Tokyo (First Section) |
Contact: | Shunji Okumura, General Manager Investor Relations Department |
Phone: | +81-3-6718-3421 |
Tokyo, Japan -- The Board of Directors of OMRON Corporation (TOKYO: 6645; ADR: OMRNY) today decided on an interim dividend and a planned year-end dividend for fiscal 2013 (ending March 31, 2014).
Interim Dividend Breakdown
FY2013 Interim Dividend
(Decided on Oct. 29, 2013)Previous forecast
(Announced on April 25, 2013)FY2012 Interim Dividend
(Actual)Dividend Record Date September 30, 2013 September 30, 2013 September 30, 2012 Dividend per Share 25.00 yen 18.00 yen 14.00 yen Total Dividends 5,503 million yen - 3,082 million yen Effective Date December 2, 2013 - December 3, 2012 Source of Dividends Retained Earnings - Retained Earnings
Dividend Forecast Breakdown
Term Dividends for the year 2nd Quarter Year-end Full-year total Previous forecast 18.00 yen Undecided Undecided October 29 Forecast - 25.00 yen 50.00 yen Fiscal 2013 Actual 25.00 yen - - Fiscal 2012 Actual
(ended March 31, 2013)14.00 yen 23.00 yen
(Ordinary Dividend: 18.00 yen)
(Commemorative Dividend: 5.00 yen)37.00 yen
(Ordinary Dividend: 32.00 yen)
(Commemorative Dividend: 5.00 yen)
Reason for Interim Dividend and Year-End Dividend Forecast
OMRON's policy on shareholder return is based primarily on securing capital resources for investments to promote growth and in turn increase corporate value, and returning surplus to shareholders, taking the level of free cash flow into consideration. When determining dividends, the Company aims to maintain a payout ratio at a minimum of 25% with a near-term DOE target of 2%.
Following the favorable consolidated financial results for the first half of fiscal 2013 and the full year forecast of fiscal 2013 announced today, the Company has decided to make an upward revision to the interim dividend to 25 yen per share, up 7 yen from the initial forecast. The Company has also decided on a year-end dividend forecast at 25 yen per share in fiscal 2013. Together with 25 yen per share interim dividend, this will amount to a total full-year dividend payout of 50 yen per share.