Notice of payment of dividends from surplus (interim dividend) and revision of year-end dividend forecast for fiscal 2017
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 (interim dividend) with a date of record of September 30, 2017, and regarding revision of the forecast for the fiscal 2017 year-end dividend.
1．Reason of the resolution regarding dividends from surplus (interim dividend) and revision of year-end dividend
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 interim dividend for fiscal 2017 is now ¥14 per share, increased by ¥2 from the latest forecast announced on August 3, 2017, in consideration of the above stated policy. The year-end dividend forecast is also increased by ¥2 per share to ¥14 per share, resulting in an annual dividend forecast of ¥28 per share.
2．Substance of dividends from surplus (interim dividend)
| Resolved today | Latest forecast (announced on August 3, 2017) |
Dividends paid at end of Q2 2016 | |
|---|---|---|---|
| Date of record | September 30, 2017 | September 30, 2017 | September 30, 2016 |
| Dividend per share | ¥14 | ¥12 | ¥10 |
| Total dividend amount | ¥19,552 million | — | ¥13,967 million |
| Payment date | December 1, 2017 | — | December 1, 2016 |
| Source of dividends | Retained earnings | — | Retained earnings |
3．Revision of year-end dividend
| Cash dividend per share (yen) | |||
|---|---|---|---|
| Date of record | End of Q2 | Fiscal year end | Total |
| Previous forecast (August 3, 2017) |
¥12 | ¥12 | ¥24 |
| Dividend forecast | ¥14 | ¥14 | ¥28 |
| cf. fiscal 2016 | ¥10 | ¥14 | ¥24 |