OREANDA-NEWS. Fuji Heavy Industries Ltd. (FHI) has announced that The Board of Directors of FHI today resolved to distribute the interim dividends from surplus recorded as of September 30, 2015 and to revise the dividend forecast for the fiscal year ending March 31, 2016 (from April 1, 2015 to March 31, 2016).

 
1. Details of Interim Dividends

  Resolved amount of the
interim dividends		 Previous dividend
forecast
(on May 8, 2015)		 Actual results for ?previous fiscal year
(ended March 2015)
Record date September 30, 2015 September 30, 2015 September 30, 2014
Dividend per share (yen) 72.0 TBD 31.0
Total dividends (Million yen) 56,216 – 24,204
Effective date December 4, 2015 – December 4, 2014
Dividend resource Retained earnings – Retained earnings

2. Revision of Dividend Forecast

(yen)

  Dividends per share
End of 2nd quarter Year-end Total
Previous projection
(on May 8, 2015)		 TBD TBD TBD
Current forecast – 72.0 144.0
Actual payments 72.0 – –
Actual payments of the previous fiscal year (ended March 2015) 31.0 37.0 68.0

3. Reason for the announcement

FHI treats shareholder interests as a vital management issue and applies a results-linked concept that considers each fiscal year’s earnings, investment plans, business environments, is committed to sustained dividend payment. Moreover, dividend payments for each fiscal year are determined with consideration of various circumstances predicated on a 20?40% standard range for the consolidated dividend payout ratio.
On May 8, 2015, FHI announced that the dividend payment terms for the end of 2nd quarter and fiscal year end had not yet been determined.
Considering the consolidated business results for the 1st half as well as forecast for the full-year business results, the interim dividend and year-end dividend forecast per share will be 72.0 yen respectively. As a result, the projected dividend per share for the full fiscal year ending March 31, 2016 will be 144.0 yen.