Notice Concerning the Distribution of Interim Dividend and the Revision of Year-end Dividend Forecast for FY2018
At the Board of Directors meeting held on October 31, 2017, Toyota Industries resolved the distribution of an interim dividend and the revision of year-end dividend forecast for FY2018 as follows.
1. Details of dividends
| Interim dividend for FY 2018 (Determined) | Previous forecast (As of April 28, 2017) | Year-end dividend for FY 2017 (Actual) | |
|---|---|---|---|
| Record date | September 30, 2017 | September 30, 2017 | September 30, 2016 |
| Dividend per share | 70.00 yen | 65.00 yen | 60.00 yen |
| Total amount of dividends |
21,734 million yen | — | 18,755 million yen |
| Effective date | November 27, 2017 | — | November 25, 2016 |
| Source of dividends | Retained earnings | — | Retained earnings |
2. Revision of year-end dividend forecast
| The amount of cash dividend per share | |||||
|---|---|---|---|---|---|
| 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | FY Total | |
| Previous forecast (As of April 28, 2017) |
— |
Yen
65.00
|
— |
Yen
65.00
|
Yen
130.00
|
| Revised forecast | — | — | — | 70.00 | 140.00 |
| Actual (FY2018 ending March, 2018) |
— | 70.00 | — | — | — |
| Actual (FY2017 ending March, 2017) |
— | 60.00 | — | 65.00 | 125.00 |
3.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. Toyota Industries plans to pay an interim dividend of 70 yen per common share and forecasts a year-end dividend of 70 yen per common share.