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DENSO Announces Revision of Year end Dividend Forecast

KARIYA (Japan) DENSO Corporation today announced that it has revised its year end dividend forecast for the fiscal year ending March 31, 2010, announced on October 30, 2009.

1. Content of revision

 

Dividend per share

Interim
Year end

Yearly

FY Forecast
(Previous announced)
-
Undecided
Undecided
FY Forecast
(Revised)
-
14 yen
27 yen
Previous FY
Results ended
March 31, 2009
27 yen
13 yen
40 yen

 
2. Reason for revision to year end 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 year end dividend forecast for the fiscal year ending March 31, 2010, as ‘Undecided’ on October 30, 2009. After comprehensive consideration of current conditions, the company has decided to revise year end dividend forecast as above.
 
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 33 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 and Nagoya stock exchanges. For more information, go to http://www.globaldenso.com/, or visit our media website at http://www.densomediacenter.com/.
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