Announcement on Dividends Forecast Revision
Tokyo Electron Ltd. (TEL) announced that new shareholder return policy was adopted and dividends forecast for the fiscal year ending March 31, 2016, was revised in accordance with the new policy at the Board of Directors Meeting held on July 10, 2015.
1. Reason for Changing the Dividends Forecast
TEL adopted the new shareholder return policy, as announced in the press release "Announcement on Mid-term Management Plan and Shareholder Return Policy" dated July 10, 2015. TEL announced dividends forecast revision for the fiscal year ending March 31, 2016, in accordance with adoption of the new shareholder return policy from the fiscal year ending March 31, 2016.
(New Shareholder Return Policy)
●Dividend payout ratio based on consolidated net income: 50%
But with an annual dividend per share of not less than ¥150 (Note)
(Note) TEL will review our dividend policy if the company does not generate net income for two consecutive fiscal years.
●Share buybacks: TEL will flexibly consider share buybacks
2. Dividends Forecast Revision
| Dividend per share | |||||
|---|---|---|---|---|---|
| (Yen) | 1Q-end | 2Q-end | 3Q-end | Year-end | Total |
| Previous forecast (April 27, 2015) |
- | 65.00 | 90.00 | 155.00 | |
| Revised forecast | - | 93.00 | - | 129.00 | 222.00 |
| Results for the year ending March 31, 2016 |
- | - | - | ||
| Results for the year ended March 31, 2015 |
10.00 | 30.00 | 35.00 | 68.00 | 143.00 |
