2016

Nov.2, 2016

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Minebea Co., Ltd.

Notice Regarding Dividends on Surpluses (Interim Dividend) and Revised Year-end Dividend Forecast

Minebea Co., Ltd. announced today that it has revised dividend forecast announced on May 10, 2016 for the fiscal year ending March 31, 2017 (from April 1, 2016 to March 31, 2017).

1. Details of Dividend

  Amount decided Most recent dividend forecast announcement
(announced May 10, 2016)
Results for the previous fiscal year
(interim dividend in the fiscal year ended March 31, 2016)
Record date September 30, 2016 Same as left September 30, 2015
Dividends per share 7.00 yen Undecided 10.00 yen
Total dividends 2,624 million yen - 3,740 million yen
Effective date December 5, 2016 - December 4, 2015
Funding for dividends Retained earnings - Retained earnings

2. Details of Change of the Dividend Forecast

  Annual dividend
End of second quarter Year-end For the year
Previous forecast
(announced on May 10, 2016)
Undecided Undecided Undecided
Revised forecast 7.00 yen 14.00 yen
Results for the current fiscal year 7.00 yen
Results for the previous fiscal year
(ended March 31, 2016)
10.00 yen 10.00 yen 20.00 yen

3. Reasons for Revisions

Our dividend forecast is based on our basic dividend policy that gives priority to enhancing equity efficiency and improving returns to our shareholders. Dividends are calculated to reflect performance in light of the overall business environment as we aim to maintain a stable and continuous distribution of profits.
Working in line with our basic policy and in consideration of performance projections for this fiscal year, we have lowered the interim dividend by 3 yen to make it 7 yen per share and lowered the year-end dividend by 3 yen to make it 7 yen per share.
We bought back convertible bonds worth 13,896 million yen in order to prevent the dilution of our shares resulting from the integration with MITSUMI ELECTRIC CO., LTD. that will occur through a share exchange scheduled to take place this fiscal year.

(Note) The forecasts contained in this press release are made based on the information available as of the date of the announcement and may differ from the forecasts due to a variety of factors in the days to come.

Company Name: Minebea Co., Ltd.
Representative: Yoshihisa Kainuma
Representative Director,
President and Chief Executive Officer
(Code No. 6479, TSE Div. No. 1)
Contact: Hiromi Yoda
Director, Senior Managing Executive Officer
Phone: +81-(0)3-6758-6711
Information in the press releases is current on the date of the announcement.
Product information, contact and other context are subject to change without prior notice.

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