Announcement on Dividends Forecast Revision for the Fiscal Year Ended March 31, 2017
Tokyo Electron Ltd. (Tokyo Electron) announced the year-end dividends forecast for the fiscal year ended March 31, 2017 has been revised as stated below.
The formal resolution of the year-end dividends for the fiscal year ended March 31, 2017 is planned at the Board of Directors' meeting held on May 12, 2017.
1. Reason for dividends forecast revision
The dividend policy of Tokyo Electron is to link dividend payments to business performance on an ongoing basis. Its basic policy for returning profits to shareholders is to maintain a payout ratio of around 50% based on consolidated net income attributable to owners of parent.
The consolidated results for the fiscal year ended March 31, 2017 announced today showed an increase compared to the previous forecast disclosed on October 28, 2016, and consequently, the year-end dividends forecast was revised upward.
2. Dividends forecast revision
Dividends per share
(October 28, 2016)
Results for the fiscal year ended March 31, 2017
Results for the fiscal year ended March 31, 2016