IR Up To Date May 16, 2014-02
Notice Regarding Revision of Dividend Forecasts for the Fiscal Year Ending February 28, 2015
May 16, 2014
Notice Regarding Revision of Dividend Forecasts for the Fiscal Year Ending February 28, 2015
At a meeting held on May 16, 2014, the Board of Directors of FamilyMart Co., Ltd. ("FamilyMart" or "the Company") passed a resolution to revise dividend forecasts for the fiscal year ending February 28, 2015. Details are as follows.
1. Reasons for revising dividend forecasts
The Company regards the distribution of profits to shareholders as a matter of the highest priority. In accordance with the Company's fundamental policy of implementing stable and continuous distribution of dividends to shareholders in line with the growth of operations, the management has set a payout ratio of 40% (consolidated basis) for the foreseeable future.
In presenting its forecasts, the Company previously announced details of an annual dividend of ¥104 per share, up ¥2 per share. In light of the recent upward revision of the Company's earnings forecast, FamilyMart has revised its forecasts for both interim and period-end dividends of ¥53 per share for an annual dividend of ¥106 per share. This is an additional increase of ¥2 per share compared with the previous forecast.
Please refer to the press release, "Notice Regarding the Recording of Extraordinary Income and Extraordinary Loss as well as the Revision of Earnings Forecasts," released today for details regarding the revision of earnings forecasts.
2. Details of Revised Forecasts
| Annual dividend | |||
|---|---|---|---|
| Interim | Year-end | Total | |
| Previous forecast (announced on April 8, 2014) |
¥52 | ¥52 | ¥104 |
| Revised forecast | ¥53 | ¥53 | ¥106 |
| Actual dividends paid for the current term | |||
| Dividends paid in the previous term (the fiscal year ended February 28, 2014) | ¥51 | ¥51 | ¥102 |