Dai ichi Life : Notice Regarding the Distribution of Dividends from Surplus PDF
May 15, 2018 at 08:43 am
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[Unofficial Translation]
May 15, 2018
Seiji Inagaki
Representative Director, President
Dai-ichi Life Holdings, Inc. Code: 8750 (TSE First section)
Notice Regarding the Distribution of Dividends from Surplus
The Dai-ichi Life Holdings, Inc. (the "Company"; President: Seiji Inagaki) hereby announces that its board of directors has resolved at its meeting held on May 15, 2018 to distribute dividends from surplus with a record date set at March 31, 2018.
The Company intends to make the following proposal for the distribution of dividends from surplus at the Annual General Meeting of Shareholders for the 8th Fiscal Year scheduled on June 25, 2018.
1. Details
Expected dividends
Previous forecast on dividends (*)
Dividends paid for the fiscal year ended March 31, 2017
Record date
March 31, 2018
March 31, 2018
March 31, 2017
Dividend per share
50 yen
45 yen
43 yen
Total pay out
58,453 million yen
-
50,717 million yen
Effective date
June 26, 2018
-
June 27, 2017
Source of dividends
Retained earnings
-
Retained earnings
(*) Forecast announced on May 15, 2017.
2. Reason
With regard to the appropriation of surplus, the Company keeps a balance between securing the necessary internal reserves for the entire group in order to ensure a sound financial standing in case of future changes in the business environment and to take advantage of growth investments and appropriate distribution of profits to shareholders taking into account cost of capital.
Under such policy, together with the business results for the fiscal year, the Company resolved to increase its dividends per share for the fiscal year ended March 31, 2018 by 5 yen from the previous forecast of 45 yen to 50 yen. This is an increase of 7 yen compared to the paid amount for the previous fiscal year of 43 yen.
Investor Contact:
Investor Relations Group Corporate Planning Unit Dai-ichi Life Holdings, Inc. +81 50 3780 6930
This press release may contain statements that are "forward-looking statements" regarding our intent, belief or current expectations of management with respect to our future results of operations and financial condition. Any such forward-looking statements are not historical facts but instead represent only our belief regarding future events, many of which, by their nature, are inherently uncertain and outside our control. Important factors that could cause actual results to differ from those in specific forward-looking statements include, without limitation, economic and market conditions, consumer sentiment, political events, level and volatility of interest rates, currency exchange rates, security valuations and competitive conditions. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ.
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Dai-ichi Life Holdings Inc. published this content on 15 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 May 2018 07:42:07 UTC
Dai-ichi Life Holdings, Inc. is a holding company specializing in life insurance. The group provides primarily savings, pension and health contracts.
Net sales are distributed geographically as follows: Japan (71.6%), the United States (19.7%) and other (8.7%).