Notice Concerning Dividend from Retained Earnings (PDF:112KB)
May 13, 2016 at 12:44 am
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HK HANWA Co
IR News
HK HANWA Co., Ltd.
13-1 1-chome, Tsukiji Chuo-ku, Tokyo
JAPAN
Date: May 13, 2016
Contact: Yoichi Nakagawa
Director, Managing Executive Officer
Tel: +81-3-3544-2000
Notice Concerning Dividend from Retained Earnings
Hanwa Co., Ltd. ("Hanwa") announces that the Board of Directors meeting of Hanwa, held on May 13, 2016, resolved to pay the dividends with a record date of March 31, 2016, as follows:
Details of Dividends
Today's resolution
Recent forecast
(as of February 10, 2016)
FY2014 result (Actual)
Record date
March 31, 2016
March 31, 2016
March 31, 2015
Dividend per share
¥10.00
¥8.00
¥7.50
Total dividends
¥2,072 million
-
¥1,554 million
Effective date
June 30, 2016
-
June 29, 2015
Source of dividends
Retained earnings
-
Retained earnings
Reasons for the Determination
Our basic policy on dividends is to pay a stable dividend to shareholders while retaining sufficient earnings to strengthen our operations and make investments in growing fields. In addition, our goal is to increase the dividend while taking into consideration our earnings, market conditions, the dividend payout ratio and other items.
Having into consideration that we had achieved strong results despite tough business environment, we decided to pay 10.00 yen per share as year-end dividend, an increase of 2.00 yen from the previous forecast of 8.00 yen. With 8.00 yen as interim dividend, the annual dividend for FY2015 will be 18.00 yen per share.
This resolution is subject to approval at the 69th ordinary general meeting of shareholders scheduled for
June 29, 2016.
(Reference) Outlook of the annual dividend is as follows:
Dividend per share
Record date
Interim
Year-end
Total
Dividend outlook
¥10.00
¥18.00
Paid for FY2012
¥8.00
Paid for FY2014 (ended March 31, 2015)
¥7.50
¥7.50
¥15.00
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Hanwa Co. Ltd. published this content on 13 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 May 2016 04:43:08 UTC.
Original documenthttp://www.hanwa.co.jp/hanwa_e/ir/pdf/2016/20160513-2.pdf
Public permalinkhttp://www.publicnow.com/view/B73C3B7C3E048581450CAD433F9FE11C8D92A2A2
HANWA CO., LTD. is a Japan-based company mainly engaged in the sale of steel metal raw materials, non-ferrous metals, foods, petroleum and chemical products, wood and machinery. The Company operates through six business segments. The Steel business is engaged in the provision of steel bars, construction works, steel plates, special steels, wires, steel pipes, and scrap iron. It is also engaged in the metal processing and storage. The Metal Raw Materials business is engaged in the provision of nickel, chromium, silicon, manganese, and ferroalloys. The Overseas Sales Subsidiary business is engaged in the sale of products at major overseas bases. The Petroleum and Chemicals business is engaged in the sale of petroleum products, industrial chemicals, chemicals and waste fuels. The Food business provides seafood and livestock products. The Nonferrous Metals business supplies aluminum, copper and zinc, and conducts recycling business. It also manages and operates amusement facilities.