DENSO Announces the Result of its Interim Dividend and the Revision of Year-end Dividend Forecast
Kariya (Japan) - DENSO Corporation today announced the result of its interim dividend and the revision to the year-end dividend forecast for the fiscal year ending March 31, 2012.
1. Content of revision
Dividend per share | |||
---|---|---|---|
Interim | Year-end | Yearly | |
FY Forecast
(Previous announced) | Undecided | Undecided | Undecided |
FY Result | 23 yen | - | - |
FY Forecast
(Revised) | - | 23 yen | 46 yen |
Previous FY
Results ended March 31, 2011 | 22 yen | 24 yen | 46 yen |
2. Reason for revision
DENSO's basic dividend policy is to maintain a stable dividend payment, taking into consideration various aspects, such as financial performance and dividend ratio. The dividend forecast for the fiscal year ending March 31, 2012, was 'Undecided' due to the unclear affects of the Great East Japan Earthquake. After comprehensive consideration of business conditions, the company has decided on the interim dividend and the revision to the year-end dividend forecast as above.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electric, electronics and information and safety. Its customers include all the world's major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 35 countries and regions (including Japan) and employs approximately 120,000 people. Consolidated global sales for the fiscal year ending March 31, 2011, totaled US$37.7 billion. Last fiscal year, DENSO spent 9.3 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.denso.com, or visit our media website at www.densomediacenter.com .