Notice Concerning Dividends for FY2017
Toyota Industries Corporation announces a resolution of the Board of Directors meeting held on April 28, 2017, concerning the dividends for FY2017 as follows. It will be proposed at the 139th Ordinary General Meeting of Shareholders to be held on June 9, 2017.
1.Details of dividends
| Year-end dividend for FY 2017 (Proposal) | Recent forecast (As of April 28, 2016) | Year-end dividend for FY 2016 (Actual) | |
|---|---|---|---|
| Record Date | March 31, 2017 | March 31, 2017 | March 31, 2016 |
| Dividend per share | 65.00 yen | 60.00 yen | 60.00 yen |
| Total amount of dividends |
20,181 million yen | — | 18,853 million yen |
| Effective date | June 12, 2017 | — | June 13, 2016 |
| Source of dividends | Retained earnings | — | Retained earnings |
2.Reason for the dividend amount
Toyota Industries is to meet the expectations of shareholders for continuous dividends while giving full consideration to business performance, funding requirements, the dividend payout ratio and other factors. Under the policy, Toyota Industries plans to pay a year-end cash dividend of 65 yen per common share.
[Reference]
Detail of dividends through the fiscal year
| Dividends per share (yen) | |||
|---|---|---|---|
| Record Date | Interim dividend | Year-end dividend | Annual dividend |
| Dividends for FY 2017 | 60.00 (Actual) |
65.00 (Proposal) |
125.00 (Proposal) |
| Dividends for FY 2016 (Actual) |
60.00 | 60.00 | 120.00 |