2021
Nov.5, 2021
MINEBEA MITSUMI Inc.
Notice Regarding Dividends on Surpluses (Interim Dividend)
and Revised Year-end Dividend Forecast
MINEBEA MITSUMI Inc. announced that the Board of Directors has today made a resolution as shown below regarding the payment of dividends from surplus (interim dividend) with a date of record of September 30, 2021.
The Company also announced that it has revised the dividend forecast announced on August 4, 2021 for the fiscal year ending March 31, 2022.
1. Details of Interim Dividend
| Amount decided | Most recent dividend forecast announcement (announced August 4, 2021) |
Results for the previous fiscal year (interim dividend in the fiscal year ended March 31, 2021) |
|
|---|---|---|---|
| Record date | September 30, 2021 | Same as left | September 30, 2020 |
| Dividends per share | 18.00 yen | Undecided | 14.00 yen |
| Total dividends | 7,291 million yen | − | 5,718 million yen |
| Effective date | November 29, 2021 | − | November 30, 2020 |
| Funding for dividends | Retained earnings | − | Retained earnings |
2. Details of Change of the Year-end Dividend Forecast
| Annual dividend | |||
|---|---|---|---|
| End of second quarter | Year-end | For the year | |
| Previous forecast (announced on August 4, 2021) |
Undecided | Undecided | Undecided |
| Revised forecast | − | 18.00 yen | 36.00 yen |
| Results for the current fiscal year | 18.00 yen | − | − |
| Results for the previous fiscal year (ended March 31, 2021) |
14.00 yen | 22.00 yen | 36.00 yen |
3. Reasons for Revisions
Sharing profits with our shareholders is first priority 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, have been determined in light of the overall business environment and with an eye to maintaining a stable and continuous distribution of profits.
Based on this basic policy, the interim dividend for the current fiscal year will be increased by 4 yen compared to the previous fiscal year, bringing it to 18 yen per share. In addition, the year-end dividend will be increased 4 yen compared to the previous fiscal year (excluding the 70th anniversary commemorative dividend of 8 yen), bringing it to 18 yen per share. Considering the results this fiscal year, the dividends payout ratio will be set at around 20%.
(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: | Katsuhiko Yoshida Director, Senior Managing Executive Officer |
| Phone: | +81-(0)3-6758-6711 |
Product information, contact and other context are subject to change without prior notice.
