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Name | Symbol | Market | Type |
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Paragon M. C47 | LSE:35SV | London | Bond |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
RNS Number:5919P Pioneer Corporation 07 March 2008 For Immediate Release March 7, 2008 Pioneer Announces Year-end Dividend for Fiscal 2008 TOKYO - Pioneer Corporation today announced a year-end cash dividend of Y2.5 per share of common stock for fiscal 2008, ending March 31, 2008, a decrease of Y2.5 from that for the previous fiscal year. The year-end dividend will be paid to shareholders registered as of March 31, 2008 (JST), subject to the approval at the ordinary general meeting of shareholders to be held in June 2008. Pioneer positions its dividend policy as one of the highest management priorities. On the basis of maintaining stable dividends, the Company sets dividend payments appropriately in light of its financial position, consolidated business results, and other factors. The decision to reduce the year-end dividend was attributable to its forecast of a consolidated net loss of Y15,000 million for fiscal 2008, based on an estimated impairment loss on plasma display production facilities in connection with the business restructuring plans. (Dividends per Share of Common Stock) Fiscal 2008 Fiscal 2007 Interim dividend***************** Y5.0 Y5.0 Year-end dividend************** Y2.5 Y5.0 Total annual dividend******** Y7.5 Y10.0 Cautionary Statement with Respect to Forward-Looking Statements Statements made in this release with respect to our current plans, estimates, strategies and beliefs, and other statements that are not historical facts are forward-looking statements about our future performance. These statements are based on management's assumptions and beliefs in light of the information currently available to it. We caution that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, and therefore you should not place undue reliance on them. It is not our obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. We disclaim any such obligation. Risks and uncertainties that might affect us include, but are not limited to, (i) general economic conditions in our markets, particularly levels of consumer spending; (ii) exchange rates, particularly between the yen and the U.S. dollar, euro, and other currencies in which we make significant sales or in which our assets and liabilities are denominated; (iii) our ability to continue to design and develop and win acceptance for our products and services, which are offered in highly competitive markets characterized by continual new product introductions, rapid developments in technology, severe price competition and subjective and changing consumer preferences; (iv) our ability to successfully implement our business strategies; (v) our ability to compete, as well as develop and implement successful sales and distribution strategies, in light of technological developments in and affecting our businesses; (vi) our continued ability to devote sufficient resources to research and development, and capital expenditures; (vii) our ability to continuously enhance our brand image; (viii) the success of our joint ventures and alliances; (ix) the success of our business restructuring plans; and (x) the outcome of contingencies. Pioneer Corporation is a leading global manufacturer of consumer- and business-use electronics products such as audio, video and car electronics. Its shares are listed on the Tokyo Stock Exchange. # # # # # # For further information, please contact: Hideki Okayasu Managing Director, and General Manager of Finance and Accounting Division Pioneer Corporation, Tokyo Phone: +81-3-3494-1111 / Fax: +81-3-3495-4431 E-mail: pioneer_shr@post.pioneer.co.jp IR Website: http://pioneer.jp/ir-e/ This information is provided by RNS The company news service from the London Stock Exchange END DIVEAXDXELLPEEE
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