Tsumura & Co. (Headquarters: Tokyo, President: Junichi
Yoshii) is pleased to announce that a meeting of the Board of Directors held
today adopted a resolution to revise upward the year-end dividend per share
for the term ending March 2008 (72nd term). Details are as follows:
1. Reason for the Revision
To continue to grow and develop, Tsumura believes that its important short-term
challenges include raising and efficiently allocating funds to expand production
facilities, responding to rising demand for prescription kampo preparations,
to cover development costs associated with international operations, and to meet
other needs.
Meanwhile, the Company has close to  30 billion in interest-bearing debt and
is striving to reduce this amount. Moreover, it expects to invest about 20 billion
in upgrading facilities under its three-year medium-term management plan, previously
announced. For these reasons, its basic policy for the three years is a stable
distribution of dividends.
Notwithstanding this, based on the forecast results for the fiscal year ending
March 2008, we reviewed the year-end dividend for the period ending March 2008
to respond to the support we have enjoyed from our shareholders. As a result,
we have decided to revise the dividend forecast of 10.00 per share upward, to
13.00 per share. Accordingly, we have revised the annual dividend forecast of
20.00 per share for the fiscal year ending March 2008, to 23.00.
2. Dividend for Fiscal Year Ending March 2008 (from April 1, 2007
to March 31, 2008)
| |
| |
Interim dividend per share |
Year-end dividend per share |
Annual dividend per share |
| Previous forecast (October 31, 2007) |
10.00 |
10.00 |
20.00 |
| Revision |
10.00 (result) |
13.00 |
23.00 |
| Results for previous fiscal year (ending
March 2007) |
7.00 |
10.00 |
17.00 |
|
|
|
