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, 2018.
1．Substance of dividend payments
| Resolved today | Latest forecast (announced on February 7, 2018) |
Dividends paid at end of fiscal 2016 | |
|---|---|---|---|
| Date of record | March 31, 2018 | March 31, 2018 | March 31, 2017 |
| Dividend per share | ¥20 | ¥14 | ¥14 |
| Total dividend amount | ¥27,932 million | — | ¥19,553 million |
| Payment date | June 5, 2018 | — | June 6, 2017 |
| Source of dividends | Retained earnings | — | Retained earnings |
2．Reason of the resolution
The company’s basic policy is to strive for stable dividends and increased dividends through continuous earnings growth while maintaining an appropriate internal reserve to perform well-balanced investment for growth and return to shareholders.
The dividend at the end of fiscal 2017 is now ¥20 per share in consideration of the above stated policy. As a result, the annual dividend per share increased by ¥10 from a year ago to ¥34 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 |
| Dividend adopted | ¥14 | ¥20 | ¥34 |
| cf. fiscal 2015 | ¥10 | ¥14 | ¥24 |