2020
May 8, 2020
MINEBEA MITSUMI Inc.
Notice Regarding Revised Year-end Dividend Forecast
MINEBEA MITSUMI Inc. (MinebeaMitsumi) announced that the Board of Directors has today made a resolution as shown below regarding the dividend forecast for the fiscal year ended March 31, 2020.
1. Details of Change of the Dividend Forecast
| Dividend per share (yen) | |||
|---|---|---|---|
| End of second quarter | Year-end | For the year | |
| Previous forecast (announced on February 5, 2020) |
− | Undecided | Undecided |
| Revised forecast | − | 14.00 yen | 28.00 yen |
| Results for the current fiscal year | 14.00 yen | − | − |
| Results for the previous fiscal year (ended March 31, 2019) |
14.00 yen | 14.00 yen | 28.00 yen |
2. Reasons
Sharing profits with our shareholders is job one at MinebeaMitsumi. That is why our basic dividend policy gives priority to enhancing equity efficiency and improving returns to our shareholders. Dividends, while reflecting performance, are determined in light of the overall business environment and with an eye to maintaining a stable and continuous distribution of profits.
We have also stipulated in our articles of incorporation that the Company may determine dividends of surplus by a resolution of the Board of Directors. Based on the basic policy above, we intend to make a proposal at this coming May's Board of Directors to pay a 14-yen-per-share year-end dividend for the 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 MITSUMI Inc. |
|---|---|
| Representative: | Yoshihisa Kainuma Representative Director, CEO & COO (Code No. 6479, TSE Div. No. 1) |
| Contact: | Shuji Uehara Director, Senior Managing Executive Officer |
| Phone: | +81-(0)3-6758-6711 |
Product information, contact and other context are subject to change without prior notice.
