Toyo Ink Mfg. Co., Ltd. (the “Company”) announces that a meeting of the Board of Directors held on May 17, 2010 resolved that a proposition on the approval of dividends paid from retained earnings based on the record date of March 31, 2010 would be presented to the 172nd ordinary shareholders’ meeting, scheduled for June 29, 2010. Details are as follows:
Details of dividends
Decided amount
Latest forecast of dividends (published on February 5, 2010)
Previous term’s actual dividends (Term ended March 2009)
Record date
March 31, 2010
March 31, 2010
March 31, 2009
Dividend per share
5.50 yen
5.00 yen
4.50 yen
Total dividends
¥1,641 million
—
¥1,361 million
Effective date
June 30, 2010
—
June 29, 2009
Funds for dividends
Retained earnings
—
Retained earnings
Reasons
The Company has made it its basic policy to build up internal reserves to further strengthen our operating base, while consistently attaching importance to stable dividends paid to shareholders.
We plan to decide to pay a final dividend of 5.50 yen per share for the term ended March 2010, resulting in an annual dividend of 10.00 yen per share.
(Reference)
Breakdown of the annual dividend:
Dividend per share (yen)
Record date
End of the second quarter
End of term
Annual dividend
Actual results for the term under review
4.50 yen
5.50 yen
10.00 yen
Actual results for the previous term (term ended March 2009)