Notice Concerning Payment of Dividends from Surplus Earnings (for the Second Quarter of the Fiscal Year Ending March 31, 2015)
Tokyo Electron Limited(TEL) announced that on October 29, 2014, its Board of Directors had passed a resolution to pay dividend from surplus earnings (for the second quarter of the Fiscal Year Ending March 31, 2015) to shareholders of record as of September 30, 2014 as below.
1.Details of Dividend Payments
| Current fiscal Year | Previous fiscal Year | |||
|---|---|---|---|---|
| Most recent dividends forecast for the 2Q (announced on August 28, 2014) |
Amount resolved to be paid for the 2Q |
Total Dividends in current fiscal year (for the 1H of the Fiscal Year Ending March 2015) |
Dividends paid in previous fiscal year (for the 2Q of the Fiscal Year Ended March 2014) |
|
| Shareholder registration date | September 30, 2014 | September 30, 2014 | - | September 30, 2013 |
| Dividends per share | 21 yen | 30 yen | 40 yen* | 25 yen |
| Total dividends paid | - | 5,377 million yen | 7,169 million yen | 4,479 million yen |
| Date dividends start to be paid | - | December 1, 2014 | - | December 2, 2013 |
| Source of funds to pay dividends |
- | Surplus earnings | Surplus earnings | Surplus earnings |
*Dividends per share for the first half of the current fiscal year are 40yen, including 30yen resolved to be paid today for the second quarter dividends, besides 10yen for the first quarter dividends.
2. Reason for the upward adjustment
The dividend policy of the Company is to link dividend payments to business performance and earnings on an ongoing basis. Its basic policy for returning profits to shareholders is to maintain a payout ratio of around 35% based on consolidated net income. The consolidated results for the first half of the current fiscal year announced today showed an increase in the first half results compared to most recent forecast figures, and consequently, the dividend for the second quarter was revised upward.
(Reference) Dividends Forecast
| Dividend per share | |||||
|---|---|---|---|---|---|
| Shareholder registration date | 1Q-end | 2Q-end | 3Q-end | Year-end | Total |
| Dividends forecast | - | - | - | - | - |
| Results for the year ending March 31, 2015 | 10 yen | 30 yen | - | - | - |
| Results for the year ended March 31, 2014 | - | 25 yen | - | 25 yen | 50 yen |
TEL has not announced the dividends forecast after the end of the third quarter of the Fiscal Year Ending March 31, 2015, because the date on which the business combination with Applied Materials, Inc. will be effected has not yet been determined.
