DENSO Announces Revision of Interim Dividend Forecast
Kariya (Japan) - DENSO Corporation today announced that it has revised its interim dividend forecast for the fiscal year ending March 31, 2010, announced on April 28, 2009.
1. Content of revision
| Dividend per share | |||
|---|---|---|---|
| Interim | Year end | Yearly | |
| FY Forecast
(Previous announced) | Undecided | Undecided | Undecided |
| FY Forecast
(Revised) | 13 yen | Undecided | Undecided |
| Previous FY
Results ended March 31, 2009 | 27 yen | 13 yen | 40 yen |
2. Reason for revision to interim dividend forecast
DENSO's basic dividend policy is to maintain a stable dividend payment, taking consideration of various aspects such as financial performance and dividend ratio. Due to the unclear outlook of the business environment, we announced interim dividend forecast for the fiscal year ending March 31, 2010, as ' Undecided ' on April 28, 2009. After comprehensive consideration of current conditions, the company has decided to revise interim dividend forecast as above. DENSO's forecast for the year end dividend will continue to be ' Undecided ' because the outlook of business environment remains unclear. It will be announced as soon as it is decided.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Its customers include all the world's major carmakers. Worldwide, the company employs approximately 120,000
people in 32 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2009 totaled US$32.0 billion. DENSO common stock is traded on the Tokyo, Osaka and Nagoya stock exchanges. For more information, go to
www.denso.com, or visit our media website at www.densomediacenter.com
.