May 10, 2011
To All Stakeholders:
USS Co., Ltd.
President and CEO: Yukihiro Ando
Stock code: 4732
Stock exchange listings: Tokyo and Nagoya (first sections)
Tel: +81-52-689-1129
Contact: Masafumi Yamanaka
Junior Managing Director, Officer, Supervisory Office
President and CEO: Yukihiro Ando
Stock code: 4732
Stock exchange listings: Tokyo and Nagoya (first sections)
Tel: +81-52-689-1129
Contact: Masafumi Yamanaka
Junior Managing Director, Officer, Supervisory Office
Announcement of Year-end Dividend
The board of directors of USS Co., Ltd. approved a resolution on May 10, 2011 to pay a dividend as follows from retained earnings with a record date of March 31, 2011.
A resolution to make this dividend payment will be submitted to shareholders at the annual meeting to be held on June 28, 2011.
A resolution to make this dividend payment will be submitted to shareholders at the annual meeting to be held on June 28, 2011.
1. Year-end dividend
2. Reason
USS positions earnings distributions to shareholders as one of its highest priorities. The company’s policy is to maintain a dividend payout ratio of at least 40% based on the fundamental stance of distributing earnings in a manner that reflects consolidated earnings while improving profitability and financial soundness.
USS plans to pay a year-end dividend of 101 yen per share. With the interim dividend, this will result in a dividend of 192 yen per share for the fiscal year that ended on March 31, 2011.
| Dividend to be paid | Most recent forecast (November 9, 2010) |
Previous fiscal year (ended March 31, 2010) |
|
| Record date | March 31, 2011 | March 31, 2011 | March 31, 2010 |
| Dividend per share | 101.00 yen | 102.00 yen | 95.50 yen |
| Total payments | 2,924 million yen | – | 2,842 million yen |
| Payment date | June 29, 2011 | – | June 30, 2010 |
| Source of funds | Retained earnings | – | Retained earnings |
2. Reason
USS positions earnings distributions to shareholders as one of its highest priorities. The company’s policy is to maintain a dividend payout ratio of at least 40% based on the fundamental stance of distributing earnings in a manner that reflects consolidated earnings while improving profitability and financial soundness.
USS plans to pay a year-end dividend of 101 yen per share. With the interim dividend, this will result in a dividend of 192 yen per share for the fiscal year that ended on March 31, 2011.
Copyright© USS Co., Ltd. All Rights Reserved.