Dividend Declaration

 

TIDM35SV 
 
RNS Number : 3307S 
Pioneer Corporation 
08 September 2010 
 

 
 
 
For Immediate Release 
September 8, 2010 
              Pioneer Announces No Interim Dividend for Fiscal 2011 
Pioneer Corporation has announced that at a meeting of its Board of Directors 
held today, the Company decided to pay no interim dividend for fiscal 2011, the 
year ending March 31, 2011, to its shareholders. The decision is attributable to 
the several factors including the Company's financial position, despite its 
forecasts of consolidated operating income of JPY17 billion and consolidated net 
income of JPY11 billion for fiscal 2011. 
 
Pioneer management considers 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. 
          Going forward, the Company is determined to improve its business 
performance by striving to ensure the success of its ongoing medium-term plan. 
 
+----------------------+--+---------------+--+---------------+ 
| [Dividends per Share of Common Stock]                      | 
+------------------------------------------------------------+ 
|                      |  |  Fiscal 2011  |  |  Fiscal 2010  | 
+----------------------+--+---------------+--+---------------+ 
| Interim dividend     |  |        JPY0.0 |  |        JPY0.0 | 
+----------------------+--+---------------+--+---------------+ 
| Year-end dividend    |  |             * |  |        JPY0.0 | 
+----------------------+--+---------------+--+---------------+ 
| Total annual         |  |             * |  |        JPY0.0 | 
| dividend             |  |               |  |               | 
+----------------------+--+---------------+--+---------------+ 
* The amount of the year-end dividend for fiscal 2011 has yet to be determined. 
 
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 
expenditure; (viii) our ability to ensure the quality of our products; and (ix) 
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. 
 
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For further information, please contact: 
Hideki Okayasu 
Senior Managing Director and Representative Director 
Pioneer Corporation 
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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