OMRON Announces Fiscal 2014 Interim Dividend and Year-End Dividend Forecast
October 28, 2014
Company Name: | OMRON Corporation |
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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 |
KYOTO, Japan -- OMRON Corporation (TOKYO: 6645; ADR: OMRNY) today announced the difference between the forecast of consolidated performance for the first two quarters of fiscal 2014 (April 1, 2014 - September 30, 2014) released on July 29 this year, and its actual results.
The consolidated full-year performance forecast for fiscal 2014 (April 1, 2014 - March 31, 2015) has also been revised upward taking into account recent trends in business performance.
Details of Interim Dividend
FY2014 Interim Dividend
(Decided on Oct. 28, 2014)Previous forecast
(Announced on April 24, 2014)FY2013 Interim Dividend
(Actual)Dividend Record Date September 30, 2014 September 30, 2014 September 30, 2013 Dividend per Share 31.00 yen 27.00 yen 25.00 yen Total Dividends 6,823 million yen - 5,503 million yen Effective Date December 2, 2014 - December 2, 2013 Source of Dividends Retained Earnings - Retained Earnings
Details of Dividend Forecast
Dividend Per Share Term 2nd Quarter Year-end Full-year total Previous Forecast 27.00 yen 36.00 yen 63.00 yen October 28 Forecast - 40.00 yen 71.00 yen Fiscal 2014 Actual 31.00 yen - - Fiscal 2013 Actual
(ended March 31, 2014)25.00 yen 28.00 yen 53.00 yen
Reason for revision of Interim Dividend and Year-End Dividend Forecast
OMRON's profit distribution policy is to put priority on securing capital resources for investments to promote growth and in turn increase corporate value, and then provides the return for shareholders, taking the level of free cash flow into consideration. When determining dividends, OMRON aims to maintain a full-year dividend 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 2014 and the full year forecast of fiscal 2014 announced today, OMRON decided to make an upward revision to the interim dividend to 31 yen per share, up 4 yen from the previous forecast. OMRON also decided on a revision of the year-end dividend forecast to 40 yen per share in fiscal 2014. Therefore, a total full-year dividend payout for fiscal 2014 is forecasted to be 71 yen per share.