Notice of payment of dividends from surplus
Asahi Kasei Corp.
The Board of Directors of Asahi Kasei Corp. has today made a resolution as shown below regarding the payment of dividends from surplus with a date of record of March 31, 2017.
1．Substance of dividend payments
|Resolved today||Latest forecast|
(announced on February 7, 2017)
|Dividends paid at end of fiscal 2015|
|Date of record||March 31, 2017||March 31, 2017||March 31, 2016|
|Dividend per share||¥14||¥10||¥10|
|Total dividend amount||¥19,553 million||—||¥13,968 million|
|Payment date||June 6, 2017||—||June 6, 2016|
|Source of dividends||Retained earnings||—||Retained earnings|
2．Reason of the resolution
The company’s basic policy is to continuously generate cash flow as a source of funds to invest for further growth and to perform return to shareholders through dividends in an appropriate balance.
The dividend at the end of fiscal 2016 is now ¥14 per share in consideration of the above stated policy. As a result, the annual dividend per share increased by ¥4 from a year ago to ¥24 per share, as shown in the following table.
In accordance with Asahi Kasei’s Articles of Incorporation, dividends from surplus are determined by resolution of the Board of Directors.
|Cash dividend per share (yen)|
|Date of record||End of Q2||Fiscal year end||Total|
|cf. fiscal 2015||¥10||¥10||¥20|