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, 2011, announced on April 28, 2010.
1. Content of revision
|
|
Dividend per share |
|
Interim |
Year-end |
Yearly |
|
FY Forecast
(Previous announced) |
16 yen |
16 yen |
32 yen |
|
FY Result
|
22 yen |
- |
- |
|
FY Forecast
(Revised) |
- |
22 yen |
44 yen |
|
Previous FY
Results ended
March 31, 2010 |
13 yen |
14 yen |
27 yen |
2. Reason for revision to year-end dividend forecast
DENSO’s basic dividend policy is to maintain a stable dividend payment, taking into consideration various aspects, such as financial performance and dividend ratio. After comprehensive consideration of current conditions, the company has decided to revise year-end dividend forecast. Due to the revisions, the yearly dividend will be increased to 44 yen per share, an increase of 12 yen from the previous forecast.
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 34 countries and regions (including Japan) and employs approximately 120,000 people. Consolidated global sales for the fiscal year ending March 31, 2010, totaled US$32.0 billion. Last fiscal year, DENSO spent 9.1 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.globaldenso.com, or visit our media website at www.densomediacenter.com.