2020
May 15, 2020
MINEBEA MITSUMI Inc.
Notice Regarding Dividends on Surpluses and Earlier Start Date of Payment
MINEBEA MITSUMI Inc. (the "Company") announces that a meeting of the Board of Directors held on May 15, 2020 made a resolution as shown below regarding the payment of dividends from surplus with a date of record of March 31, 2020.
1. Details of Dividend
| Amount decided | Most recent dividend forecast (announced May 8, 2020) |
Results for the previous fiscal year (ended March 31,2019) |
|
|---|---|---|---|
| Record date | March 31, 2020 | Same as left | March 31, 2019 |
| Dividends per share | 14.00 yen | Same as left | 14.00 yen |
| Total dividends | 5,717,662,692 yen | − | 5,811,842,022 yen |
| Effective date | June 3, 2020 | − | June 28, 2019 |
| Funding for dividends | Retained earnings | − | Retained earnings |
(Note) In accordance with the provisions of Article 459, paragraph 1 of the Companies Act, we stipulate in our articles of incorporation that the Company may determine dividends of surplus by a resolution of the Board of Directors.
2. Reasons
Comprehensively taking into account the business environment and maintaining a continuous, stable profit distribution, the Company sets the basic policy under which it gives top priority to improving the efficiency of shareholders' equity and distributing more profit to shareholders, thereby returning its profits to shareholders commensurate with its business performance.
Based on the policy, the Board of Directors' meeting held on May 15, 2020 made a resolution to pay a year-end dividend of 14 yen per share for the purpose of early payment to shareholders. Since the interim dividend of 14 yen has been distributed, the annual dividend for the fiscal year under review would be 28 yen per share (total annual dividends for the fiscal year under review: 11,529,496,370 yen).
| Dividends per share | |||
|---|---|---|---|
| Record date | Interim | Year-end | Total |
| Fiscal year ended March 31,2020 | 14.00 yen | 14.00 yen | 28.00 yen |
| Fiscal year ended March 31,2019 | 14.00 yen | 14.00 yen | 28.00 yen |
3. Earlier start date of payment
We will send the important documents regarding year-end dividends and carry out dividend payments according to the schedule indicated below.
| (1) Date of issuance of important documents regarding year-end dividends | Tuesday, June 2, 2020 |
|---|---|
|
* Please note that important documents regarding year-end dividends will be enclosed with the "Notice of the 74th Ordinary General Meeting of Shareholders." * To shareholders who hold shares less than one unit (100 shares), the Company will send only the important documents regarding year-end dividends as of the same date. |
|
| (2) Payment start date | Wednesday, June 3, 2020 |
| Company Name: | MINEBEA MITSUMI Inc. |
| Representative: | Yoshihisa Kainuma Representative Director, CEO & COO (Code No. 6479, TSE Div. No. 1) |
| Contact: | Motohide Ishigami Executive Officer, Officer in charge of Personnel & General Affairs |
| Phone: | +81-(0)3-6758-6712 |
Product information, contact and other context are subject to change without prior notice.
