KYB : Notice Concerning Distribution of Dividends from Surplus (Interim Dividend) and Revision of Year End Dividend Forecast
November 03, 2022
Share
November 4, 2022
For Immediate Release
Company name: KYB Corporation
Representative: Masao Ono
Representative Director, President Executive Officer
Stock code: 7242 (Prime Market)
Contact: Tsuyoshi Matsuoka
Manager, Public Relations & Investor Relations Sect., Executive Office Dept.
(Tel: +81-3-3435-3580)
Notice Concerning Distribution of Dividends from Surplus (Interim Dividend)
and Revision of Year-End Dividend Forecast
KYB Corporation ("the Company") announces that, at a meeting of its Board of Directors held on November 4, 2022, the Company resolved to distribute a surplus (interim dividend) with a record date of September 30, 2022. Details are as follows. In addition, it has decided to revise the year-end dividend forecast for the fiscal year ending March 31, 2023.
1. Details of dividends from surplus (Interim dividend) Common shares
Most recent dividend
Results for the
previous fiscal year
Amount determined
forecast
(Interim dividend for fiscal
(Announced on August 5,
year ended March 31,
2022)
2022)
Record date
September 30, 2022
Same as at left
September 30, 2021
Dividend
per
70.00 yen
60.00 yen
45.00 yen
share
Total dividends
1,788 million yen
-
1,149 million yen
Effective date
December 6, 2022
-
December 9, 2021
Source
of
Retained earnings
-
Capital surplus
dividends
Class A preferred stock
Most recent dividend
Results for the
previous fiscal year
Amount determined
forecast
(Interim dividend for fiscal
(Announced on August 5,
year ended March 31,
2022)
2022)
Record date
September 30, 2022
Same as at left
September 30, 2021
Dividend
per
3,760,274.00 yen
Same as at left
1,952,054.80 yen
share
Total dividends
470 million yen
-
244 million yen
Effective date
December 6, 2022
-
December 9, 2021
Source
of
Retained earnings
-
Capital surplus
dividends
2. Details of year-end dividends Common shares
Dividend per share (yen)
End of the second
Year-end
Total
quarter
Previously announced
forecasts
60.00 yen
60.00 yen
120.00 yen
(Announced on August 5,
2022)
Current revised forecast
70.00 yen
140.00 yen
Dividend paid for FY ended
70.00 yen
March 31, 2021
Results for the previous fiscal
year
45.00 yen
60.00 yen
105.00 yen
(Fiscal year ended March 31,
2022)
Class A preferred stock
The year-end dividend forecast remains unchanged. 3. Reason
The Company recognizes that the appropriate return of profits to its shareholders is one of its most important management issues, and its basic policy is to pay a dividend of at least 2% (annualized) of the dividend on equity (DOE) on a conventional consolidated basis while aiming for a consolidated dividend payout ratio of 30%.
With such a basic policy in mind, the Company has decided to pay an interim dividend of 70.00 yen (compared with the previously announced forecast of 60.00 yen) per share of common stock and 3,760,274.00 yen per share of Class A preferred stock for the current fiscal year in line with the upward revision of the full-year financial results forecast for the fiscal year ending March 31, 2023. In conjunction with the year-end dividend forecast, it has decided to pay a year-end dividend of 70.00 yen (compared with the previously announced forecast of 60.00 yen) per share of common stock and 3,739,726.00 yen per share of Class A preferred stock
(Reference) Breakdown of annual dividends
Common shares
Dividend per share (yen)
Record date
Interim
Year-end
Annual
Actual
and
planned
dividends
for the
current
70.00 yen
70.00 yen
140.00 yen
fiscal year under review
Dividend paid for FY ended
45.00 yen
60.00 yen
105.00 yen
March 31, 2022
Class A preferred stock
Dividend per share (yen)
Record date
Interim
Year-end
Annual
Actual
and
planned
dividends
for the
current
3,760,274.00 yen
3,739,726.00 yen
7,500,000.00 yen
fiscal year under review
Dividend paid for FY ended
1,952,054.80 yen
3,739,726.00 yen
5,691,780.80 yen
March 31, 2022
Note) 125 shares of Class A preferred stock were issued on June 28, 2021. The total amount of dividends is planned to be 937 million yen, the record date for which shall be a day during the fiscal year ending March 31, 2023.
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Disclaimer
KYB Corporation published this content on 04 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2022 08:20:01 UTC.
KYB Corp is a Japan-based company mainly engaged in the manufacture and sale of hydraulic shock absorbers and hydraulic equipment, as well as the provision of services related to each business. The Company operates through three segments. The Automotive Components (AC) segment produces hydraulic equipment for automobiles, mainly hydraulic shock absorbers for automobiles and motorcycles, and power steering products. The Hydraulic Components (HC) segment produces industrial hydraulic equipment mainly for construction machinery, stage mechanisms, naval equipment, and vibration damping devices. The Aviation Equipment segment produces takeoff and landing gear, steering gear, and control equipment for aircraft. The Company also manufactures and sells concrete mixers, powder and granule transport vehicles, special function vehicles, and electronic equipment.