Disco Corporation Proposes Year-End Dividend for the Current Fiscal Year 2017
June 07, 2017 at 08:39 am
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Disco Corporation announced that at the AGM to be held on June 27, 2017, with regard to the year-end dividend for the current fiscal year, in addition to 25% of the consolidated second-half net income, since the year-end balance of cash and cash equivalents exceeded the budgeted funds necessary, the company proposes that the company also pays an additional dividend of one-third of the excess amount. As a result, the company proposes that the year-end dividend for the current fiscal year be ¥291 per share. (The annual amount will be ¥374 including the interim dividend.).
Disco Corporation specializes in the manufacture and marketing of precision cutting, grinding and polishing machines, mainly for the semiconductor and electronic component industries, as well as for applications linked to generative artificial intelligence. Net sales break down by family of products as follows:
- precision machinery and equipment (64%): chain saws, laser engraving and cutting machines, grinders, polishers, wafer setters, die separators, planers and waterjet saws, etc.;
- precision processing tools and components (22%): cutting blades, dry polishing wheels and disks, diamond abrasive tools, etc.;
- other (14%): related equipment and accessories.
Net sales are distributed geographically as follows: Japan (12.2%), China (35.9%), Taiwan (11.9%), Korea (8.8%), Asia (8.4%), Americas (13.1%) and Europe (9.7%).