Dividend Declaration

 

TIDM35SV 
 
RNS Number : 1447I 
Pioneer Corporation 
05 March 2010 
 

 
 
 
For Immediate Release 
March 5, 2010 
              Pioneer Announces Year-end Dividend for Fiscal 2010 
Pioneer Corporation has announced that at a meeting of its Board of Directors 
held today, the Company decided to pay no year-end dividend for fiscal 2010, the 
year ending March 31, 2010, to its shareholders. 
 
Pioneer positions its dividend policy as one of its highest management 
priorities. On the basis of maintaining stable dividends, the Company's policy 
is to set appropriate dividend payments in light of its financial position, 
consolidated business results, and other factors. 
       The decision to pay no year-end dividend for fiscal 2010 is attributable 
to the Company's forecast of a consolidated net loss of JPY54 billion for fiscal 
2010. 
       Going forward, the Company is determined to improve its business 
performance by striving to ensure the success of ongoing restructuring. 
 
+----------------------------+--+---------------+--+---------------+ 
| [Dividends per Share of Common Stock]                            | 
+------------------------------------------------------------------+ 
|                            |  |  Fiscal 2010  |  |  Fiscal 2009  | 
+----------------------------+--+---------------+--+---------------+ 
| Interim                    |  |        JPY0.0 |  |        JPY0.0 | 
| dividend·················· |  |               |  |               | 
+----------------------------+--+---------------+--+---------------+ 
| Year-end                   |  |        JPY0.0 |  |        JPY0.0 | 
| dividend··············     |  |               |  |               | 
+----------------------------+--+---------------+--+---------------+ 
| Total annual               |  |        JPY0.0 |  |        JPY0.0 | 
| dividend········           |  |               |  |               | 
+----------------------------+--+---------------+--+---------------+ 
 
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, and levels 
of demand in the major industrial sectors which we serve; (ii) exchange rates, 
particularly between the Japanese yen and the euro, the U.S. dollar, and other 
currencies in which we make significant sales or in which our assets and 
liabilities are denominated; (iii) our ability to continuously design and 
develop and win acceptance for our products in extremely competitive markets; 
(iv) our ability to successfully implement our business strategies; (v) the 
success of our joint ventures, alliances and other business relationships with 
third parties; (vi) our ability to access funding; (vii) our continued ability 
to devote sufficient resources to research and development, and capital 
expenditures; (viii) our ability to ensure the quality of our products; (ix) the 
success of our restructuring plans; and (x) the outcome of contingencies. 
 
Pioneer Corporation is a leading global manufacturer of consumer- and 
business-use electronics products such as car electronics, audio and video 
products. Its shares are traded on the Tokyo Stock Exchange. 
 
                    #       #       #       #       #       # 
 
For further information, please contact: 
Hideki Okayasu 
Senior Managing Director and Representative Director 
Pioneer Corporation, Japan 
Phone: [phone] / Fax: [phone] 
E-mail: [e-mail] 
IR Website: http://pioneer.jp/ir-e/ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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