Notice Concerning the Distribution of Interim Dividend and the Revision of Year-end Dividend Forecast for FY2016
At the Board of Directors meeting held on October 30, 2015, Toyota Industries Corporation resolved the distribution of an interim dividend and the revision of year-end dividend forecast for FY2016 as follows.
1.Details of interim dividend
Interim dividend for FY 2016 (Determined) |
Previous forecast (As of April 28, 2015) |
Year-end dividend for FY 2015 (Actual) |
|
Record date | September 30, 2015 | September 30, 2015 | September 30, 2014 |
Dividend per share | 60.00 yen | 55.00 yen | 50.00 yen |
Total amount of dividend |
18,850 million yen | — | 15,700 million yen |
Effective date | November 26, 2015 | — | November 26, 2014 |
Source of dividend | Retained earnings | — | Retained earnings |
2.Revision of year-end dividend forecast
The amount of cash dividend per share | |||
Interim | Year-end | Annual | |
Previous forecast (As of April 28, 2015) |
Yen
55.00
|
Yen
55.00
|
Yen
110.00
|
Revised forecast | — | 60.00 | 120.00 |
Actual payment (FY2016 ending March, 2016) |
60.00 | — | — |
Actual payment (FY2015 ending March, 2015) |
50.00 | 60.00 | 110.00 |
3.Reason for revision
Toyota Industries' dividend policy is to meet the expectations of shareholders while giving full consideration to business performance, funding requirement and focusing on dividend payout ratio. Based on this policy, Toyota Industries plans to pay an interim dividend of 60.0 yen per common share and forecasts a year-end dividend of 60.0 yen per common share.