Notice of payment of dividends from surplus
May 11, 2017
Asahi Kasei Corp.
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 |
| Dividend adopted | ¥10 | ¥14 | ¥24 |
| cf. fiscal 2015 | ¥10 | ¥10 | ¥20 |