Announcement on Dividends Forecast Revision for the Fiscal Year Ended March 31, 2018
Tokyo Electron (TEL) announced the year-end dividends forecast for the fiscal year ended March 31, 2018 has been revised as stated below.
The formal resolution of the year-end dividends for the fiscal year ended March 31, 2018 is planned at the Board of Directors’ meeting held on May 11, 2018.
1. Reason for dividends forecast revision
The dividend policy of TEL 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, 2018 announced today show an increase compared to the previous forecast disclosed on October 31, 2017, and consequently, the year-end dividends forecast has been revised upward.
2. Dividends forecast revision
| Dividends per share | |||
|---|---|---|---|
| (Yen) | 2Q-end | Year-end | Total |
| Previous forecast (October 31, 2017) |
－ | 328.00 | 605.00 |
| Revised forecast | － | 347.00 | 624.00 |
| Results for the fiscal year ended March 31, 2018 | 277.00 | ||
| Results for the fiscal year ended March 31, 2017 | 128.00 | 224.00 | 352.00 |
