Announcement on Dividends Forecast Revision for the Fiscal Year Ended March 31, 2020
Tokyo Electron (TEL) announced the year-end dividends forecast for the fiscal year ended March 31, 2020 has been revised as stated below.
The formal resolution of the year-end dividends for the fiscal year ended March 31, 2020 is planned at the Board of Directors’ meeting held on May 14, 2020.
1. Reason for dividends forecast revision
TEL’s dividend policy is to link dividend payments to business performance on an ongoing basis and a payout ratio is around 50% based on consolidated net income attributable to owners of parent. On the basis of the consolidated results for the fiscal year ended March 31, 2020 announced today, TEL has been revised upward the year-end dividends forecast announced on January 30, 2020.
2. Dividends forecast revision
| Dividends per share | ||||
|---|---|---|---|---|
| (Yen) | 2Q-end | Year-end | Total | |
| Previous forecast (January 30, 2020) |
－ | 293.00 | 539.00 | |
| Revised forecast | － | 342.00 | 588.00 | |
| Results for the fiscal year ended March 31, 2020 |
246.00 | |||
| Results for the fiscal year ended March 31, 2019 |
413.00 | 345.00 | 758.00 | |
