This announcement is for our U.S.$5,000,000,000 Euro Medium Term Note Programme.
May 9, 2017
For Immediate Release
To Whom It May Concern
Mitsui & Co., Ltd.
Notice Concerning Dividends
Mitsui & Co., Ltd. ("Mitsui"; head office: Tokyo; President and CEO: Tatsuo Yasunaga) announced that the Board of Directors at a meeting held on May 9, 2017 decided to pay the following dividend to shareholders of record on March 31, 2017. The resolution is subject to approval at the ordinary general meeting of shareholders scheduled for June 21, 2017.
1. Details of Year-end Dividend
(February 8, 2017)
|Record date||March 31, 2017||March 31, 2017||March 31, 2016|
|Year-end dividend per share of common stock||30 yen||25 yen||32 yen|
|Total dividend||52,922 million yen||-||57,368 million yen|
|Effective date||June 22, 2017||-||June 22, 2016|
|Source of funds for dividend||Retained earnings||-||Retained earnings|
In order to increase corporate value and maximize shareholder value, we seek to maintain an optimal balance between (a) meeting investment demand in our core and growth areas through re-investments of our retained earnings, and (b) directly providing returns to shareholders by paying out cash dividends. In accordance with our profit distribution policy, for the year ended March 31, 2017, we plan to pay an year-end dividend of ¥30 per share (an annual divided of ¥55 per share including the interim dividend of ¥25 per share), taking into consideration of core operating cash flow and profit for the year attributable to owners of the parent for the year ended March 31, 2017 as well as stability and continuity of the amount of dividend.
(Reference) Annual Ordinary Dividend Breakdown
|Annual ordinary dividend per share (yen)|
|September 30 (Interim)||March 31 (Year-end)||Annual|
|Fiscal year ended March 31, 2017||25||30||55|
|Fiscal year ended March 31, 2016||32||32||64|
For further information, please contact:
Mitsui & Co., Ltd.
Investor Relations Division Tel: +81-3-3285-7910
Corporate Communications Division Tel: +81-3-3285-6645
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements. This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.
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