May 8, 2024
Company name: Toho Titanium Co., Ltd.
Representative: Yasuji Yamao, Representative Director and President
Code number: 5727 (TSE Prime)
Contact: Hiromu Tomeba, General Manager, Planning, Corporate Management Division
Telephone: +81-45-394-5521
Notice of Revision of Dividend Forecast for the Fiscal Year from April 1, 2023 to March 31, 2024
Toho Titanium Co., Ltd. announced today a revision of the dividend forecast for the fiscal year ended March 31, 2024 as detailed below.
1. Reasons for the revision
Toho Titanium Co., Ltd.'s basic policy regarding dividends is to pay dividends in accordance with business performance, taking into consideration factors such as our financial position and capital needs to strengthen our corporate foundation, with a target consolidated dividend payout ratio of approximately 30%.
The dividend forecast for the fiscal year ended March 31, 2024 was announced on October 26, 2023 as 14 yen per share, however, as stated in the "Consolidated Financial Results for Fiscal Year Ended March 31, 2024" published today, net income attributable to owners of parent exceeded the previous forecast (published on October 26, 2023), and therefore the year-end dividend will be revised to 18 yen per share. As a result, including the interim dividend of 6 yen per share already paid, the annual cash dividend per share will be 24 yen.
2. Revision of Dividend Forecast
Dividend per share (yen) | |||
End of second quarter | Year-End | Annual | |
Previous forecast | 14.00 | 20.00 | |
(Ordinary dividend 11.00) | (Ordinary dividend 17.00) | ||
(Commemorative dividend 3.00) | (Commemorative dividend 3.00) | ||
Revised forecast | 18.00 | 24.00 | |
(Ordinary dividend 15.00) | (Ordinary dividend 21.00) | ||
(Commemorative dividend 3.00) | (Commemorative dividend 3.00) | ||
Dividends that have been | 6.00 | ||
paid in the fiscal year | |||
Fore reference: dividends in | 11.00 | 19.00 | 30.00 |
the previous fiscal year (ended | |||
March 31, 2023) | |||
※Commemorative dividend 3.00 yen is a commemorative dividend for the 70th anniversary of our founding.
(Announced on October 26, 2023)
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Toho Titanium Co. Ltd. published this content on 08 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 May 2024 06:30:05 UTC.