Japan Aviation Electronics Industry : Notice Concerning Dividends of Surplus
May 25, 2022 at 06:08 pm
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Disclaimer: This document is an English translation of the original document in Japanese and has been prepared solely for reference purposes. In the event of any discrepancy between this English translation and the original in Japanese, the original shall prevail in all respects.
May 25, 2022
To whom it may concern:
Company Name:
Japan Aviation Electronics Industry, Limited
Representative:
Tsutomu Onohara, President
(Securities number: 6807 Tokyo Stock Exchange Prime Market)
Contact:
Kazuhiko Aoki
Associate Senior Vice President
General Manager Accounting and Financial Division
(Phone: +81-3-3780-2752)
Notice Concerning Dividends of Surplus
Japan Aviation Electronics Industry, Limited (JAE) hereby announces that at the Board of Directors' meeting held on May 25, 2022, it resolved to pay dividends of surplus (year-end dividend) with a record date of March 31, 2022, as indicated below.
1. Details of dividend
Most recent dividend
Actual results for the
Determined amount
forecast
previous fiscal year
(Announced on April 27,
(Fiscal year ended March
2022)
31, 2021)
Record date
March 31, 2022
Same as on the left
March 31, 2021
Dividend per share
20 yen
20 yen
15 yen
Total amount of dividends
1,819 million yen
-
1,364 million yen
Effective date
June 8, 2022
-
June 8, 2021
Source of dividends
Retained earnings
-
Retained earnings
2. Reason
JAE, focusing on the improvement of business performance, upholds the basic policy of strengthening its financial structure in the medium- to long-term and paying out stable dividends to shareholders, while taking into account capital investments and research and development investments both in Japan and overseas to ensure sustainable growth and the improvement of profits in the future.
Based on this basic policy, JAE will pay a year-end dividend of 20 yen per share. Accordingly, the annual dividend for the current fiscal year will be 35 yen per share including the interim dividend of 15 yen per share.
JAE's Articles of Incorporation stipulate that it may pay dividends of surplus by resolution of the Board of Directors.
(Reference) Breakdown of annual dividend
Dividend per share (Yen)
Interim dividend
Year-end dividend
Annual dividend
Results for the current fiscal year
15 yen
20 yen
35 yen
Results for the previous fiscal year
10 yen
15 yen
25 yen
(Fiscal year ended March 31, 2021)
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JAE - Japan Aviation Electronics Industry Ltd. published this content on 25 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2022 16:12:57 UTC.
Japan Aviation Electronics Industry, Limited is a Japan-based company mainly engaged in the manufacture and sale of connectors, interface solution equipment and others, as well as the purchase and sale of the other related equipment and parts. The Company operates through three business segments. The Connector segment is involved in the manufacture and sale of various connectors for use in mobile devices, automobiles, industrial machinery and infrastructure, among others. The Interface Solutions segment is involved in the manufacture and sale of automotive products, industrial machinery and infrastructure products. The Aircraft segment is involved in the production of flight control equipment, inertial navigation equipment, defense and space electronic equipment, drive equipment and sensor packages, as well as the manufacture and sale of aircraft and infrastructure and automotive products. The Company is also involved in the sale of other goods and the service business.
JAPAN AVIATION ELECTRONICS INDUSTRY, LIMITED 
