Subaru : Announcement of Dividends (Interim Dividends) from Surplus and of Revision of Year-End Dividend Forecas
November 02, 2023 at 12:19 am
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November 2, 2023
Company Name: SUBARU CORPORATION
Representative: Atsushi Osaki, Representative Director and President and CEO Securities Code: 7270 (Tokyo Stock Exchange Prime Market)
Contact for inquiries: Yasushi Nagae, Vice President and General Manager of Investor Relations Department Phone: +81-3-6447-8825
Announcement of Dividends (Interim Dividends) from Surplus and of Revision of Year-End
Dividend Forecast
At the meeting of the Board of Directors held on November 2, 2023, Subaru Corporation (the "Company") resolved to distribute dividends (interim dividends) from surplus with a record date of September 30, 2023 and to revise the year-end dividend forecast for the fiscal year ending March 31 2024 as follows:
1. Details of the dividends (interim dividends) from surplus
Most recent dividend
Actual results for the
Determined amount
forecast
previous fiscal year
(Announced on May 11,
(Fiscal year ended
2023)
March 31, 2023)
Record date
September 30, 2023
September 30, 2023
September 30, 2022
Dividend per share
48.00
38.00
38.00
(yen)
Total dividend
36,105
-
29,161
(millions of yen)
Effective date
December 7, 2023
-
December 7, 2022
Dividend resource
Retained earnings
-
Retained earnings
2. Reason
In consideration of the consolidated financial results for the six months of the fiscal year ending March 31, 2024, etc., the Company has revised upward the full-year performance forecast for the same fiscal year. The Company also celebrated its 70th anniversary in July 2023. We would like to express our deepest gratitude to our shareholders and other stakeholders for their support.
In consideration of the consolidated performance forecast, the Company has determined to pay an interim dividend of 48 yen per share, of which 38 yen is an ordinary dividend and 10 yen is a commemorative dividend. It also plans to pay a year-end dividend of 48 yen per share, of which 38 yen is an ordinary dividend and 10 yen is a commemorative dividend. As a result, the total annual dividend per share is expected to be 96 yen (ordinary dividend of 76 yen and commemorative dividend of 20 yen).
1
*Details of Revision of Year-End Dividend Forecast
Dividend per share (yen)
Record date
Second quarter-end
Fiscal year-end
Total
48.00
96.00
(Ordinary dividend
(Ordinary dividend
Dividend forecast
of 38.00)
of 76.00)
(Commemorative dividend
(Commemorative dividend
of 10.00)
of 20.00)
48.00
Actual results for the
(Ordinary dividend
of 38.00)
current fiscal year
(Commemorative dividend
of 10.00)
Actual results for the
previous fiscal year
38.00
38.00
76.00
(Fiscal year ended
March 31, 2023)
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Disclaimer
Subaru Corp. published this content on 02 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2023 04:18:47 UTC.
Subaru Corporation specializes in the production and marketing of automotive vehicles. The group also develops aeronautical construction activity. Net sales (including intragroup) break down by activity as follows:
- sale of vehicles (96.7%): mini-cars and individual cars (860,000 units sold in 2020/21; brands Legacy, Impreza, Forester, Exiga, etc.);
- sale of aircrafts (3.1%);
- other (0.2%): primarily manufacturing of industrial equipment (engines, pumps, electric generators, etc.).
Net sales break down geographically as follows: Japan (17.6%), Asia (3.3%), North America (73.6%), Europe (1.9%) and other (3.6%).