Maxell : Appropriation of Year-end Dividend from Retained Earnings
May 25, 2022 at 01:08 pm EDT
Share
FOR IMMEDIATE RELEASE
Appropriation of Year-end Dividend from Retained Earnings
Tokyo, May 25, 2022 --- Maxell, Ltd. (TSE: 6810, hereinafter "the Company") today announced that the Board of Directors resolved the Company's appropriation of year-end dividend from retained earnings with the record date of March 31, 2022 as follows.
1. Details of Dividends
Latest forecast
(Reference)
Resolution Content
Actual for year ended
(announced on October 28, 2021)
March 2021
Record date
March 31, 2022
same as on left
March 31, 2020
Dividend per share
20.00 yen
20.00 yen
0.00 yen
Total amount of
989 million yen
－
－
Dividends
Effective date
June 8, 2022
－
－
Dividend resource
Retained earnings
－
－
2. Reason
The basic policy of the Company on the distribution of earnings is to continuously provide stable and appropriate returns based on a comprehensive consideration of returns to shareholders, funds for current short-term investment and for investment for future business development. The Company basically distribute retained earnings as dividends twice a year at the end of the second quarter and the end of fiscal year, with dividend payout ratio between 30% to 40% as the reference.
As announced in "Summary of Consolidated Financial Results for the Year Ended March 31, 2022" on May 13, 2022, the Company has recorded net loss for the fiscal year ended March 2022. On the other hand, in addition to the improvement of profitability of the Company proved by the fact that the operating profit for the fiscal year recorded the highest since re-listing in March 2014, the Company judged that sufficient financial base will be secured even after considering future growth investments. In this regard, the Company decided to make year-end dividend of 20.00 yen per share (annual dividend is 40.00 yen per share) same as the forecast announced on October 28, 2021.
(Reference) Detail of annual dividend
Dividend per share
Record date
End of second quarter
Year end
Full year
Results for year
20.00 yen
20.00 yen
40.00 yen
ended March 2022
Results for year
0.00 yen
0.00 yen
0.00 yen
ended March 2021
-###-
Attachments
Original Link
Original Document
Permalink
Disclaimer
Hitachi Maxell Ltd. published this content on 25 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2022 16:12:57 UTC.
Maxell Ltd, formerly Maxell Holdings Ltd, is mainly engaged in the manufacturing and sales of energy, industrial materials and electric appliances and consumer products. The Company mainly operates through three business segments. The Energy segment manufactures and sells secondary batteries, such as coin type lithium secondary batteries, industrial lithium ion batteries and electrodes, and consumer lithium ion batteries, primary batteries such as lithium primary batteries and button batteries, and charger and battery packs. The Industrial Materials segment manufactures and sells optical components, functional materials, electroforming and precision parts, semiconductor-related embedded systems, mold and synthetic resin molded parts, adhesive tapes, radio-frequency identification (RFID) systems and Integrated Circuit (IC) cards, industrial rubber products and others. The Electric Appliance and Consumer segment manufactures and sells projectors, small electric equipments and others.
MAXELL, LTD. 
