Toshiba Corporation Notice of Planned Year-End Dividend for FY2013 (6505C)

TIDMTOS

RNS Number : 6505C

Toshiba Corporation

19 March 2014

March 19, 2014

Hisao Tanaka

President & CEO

Toshiba Corporation

1-1-1 Shibaura, Minato-ku, Tokyo, Japan

Contact: Naoto Hasegawa, General Manager

Public Relations & Investor Relations Office

Tel: [phone]

Notice of Planned Year-End Dividend for Fiscal Year Ending March 31, 2014

TOKYO-Toshiba Corporation has announced that its Board of Directors, meeting today, provisionally decided to pay a dividend of 4 Japanese yen per share to shareholders recorded in the shareholder register as of March 31, 2014.

The actual dividend will be decided at the Board of Directors' meeting to be held in May.

 
                                  Dividends per share 
     Record date          Interim      Year-end      Full year 
                         (September    (March 31) 
                            30) 
                       ------------  ------------  ------------ 
  Previous forecast          -        Not decided   Not decided 
                       ------------  ------------  ------------ 
     Updated Plan            -           4 Yen         8 Yen 
                       ------------  ------------  ------------ 
 Actual dividends for      4 Yen           -             - 
  FY 2013 ended March 
         2014 
                       ------------  ------------  ------------ 
 Actual dividends for      4 Yen         4 Yen         8 Yen 
  FY 2012 ended March 
         2013 
                       ------------  ------------  ------------ 
 

Reason for decision

Toshiba's basic policy on profit distribution rests on seeking to achieve continuous increases in the actual dividend payments, in line with a payout ratio in the region of 30 percent on a consolidated basis. We have given full consideration to such factors as the strategic investments necessary to secure medium- to long-term growth, the company's performance, the financial position of the Group and our shareholders' expectations, and provisionally decided to pay a year-end dividend of 4 yen per share for shareholders recorded in the shareholder registry on March 31, 2014.

Disclaimer:

This report of business results contains forward-looking statements concerning future plans, strategies and the performance of Toshiba Group. These statements are based on management's assumptions and beliefs in light of the economic, financial and other data currently available. Since Toshiba Group is promoting business under various market environments in many countries and regions, they are subject to a number of their risks and uncertainties. Toshiba therefore wishes to caution readers that actual results might differ materially from our expectations. Major risk factors that may have a material influence on results are indicated below, though this list is not necessarily exhaustive.

   --        Major disasters, including earthquakes and typhoons; 
   --        Disputes, including lawsuits, in Japan and other countries; 

-- Success or failure of alliances or joint ventures promoted in collaboration with other companies;

   --        Success or failure of new businesses or R&D investment; 

-- Changes in political and economic conditions in Japan and abroad; unexpected regulatory changes;

-- Rapid changes in the supply and demand situation in major markets and intensified price competition;

-- Significant capital expenditure for production facilities and rapid changes in the market;

-- Changes in financial markets, including fluctuations in interest rates and exchange rates.

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