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Fujitsu Ld. (FUJ)

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Thursday 07 February, 2013

Fujitsu Ld.

Revision to FY2012 Year-End Dividend Forcast

RNS Number : 3654X
Fujitsu Ld
07 February 2013
 



Fujitsu Limited

February 7, 2013

 

Regarding Revision to Fiscal 2012 Year-End Dividend Forecast

 

February 7, 2013 - Fujitsu has announced its decision, made at a Board of Directors meeting held today, that it will revise its forecast for dividends per share.

 

1. Reason for revision of dividend forecast

In its nonconsolidated financial results for fiscal 2012, Fujitsu will post a valuation loss, primarily on its operations in Europe and the subsidiary responsible for its LSI device business. This valuation loss posted in the third quarter of this fiscal year amounted 248.2 billion yen. Fujitsu is considering posting an additional valuation loss in the fourth quarter as well. The posting of these valuation losses is expected to cause negative retained earnings, on a nonconsolidated basis, as of the end of fiscal 2012. As such, the company regrets that it does not plan to pay a fiscal 2012 year-end dividend. For further details on valuation losses on investments in subsidiaries, please see the announcement titled, "Notice on the Recording of Extraordinary Losses," which was released today.

 

With respect to plans to not distribute a year-end dividend from retained earnings for fiscal 2012, a formal decision will be made at the Board of Directors meeting held in May 2013.

 

2. Revision Overview

                                                                                                                                  (yen)


Dividends per share

Interim

Year-end

Annual

Previous forecast

(announced on October 31, 2012)

-

5.00

10.00

Revised forecast

-

0

5.00

Results

5.00


-

5.00

Results for the year ended March 31, 2012

5.00

5.00

10.00

 

Press Contacts

Fujitsu Limited
Public and Investor Relations Division

Inquiries: https://www-s.fujitsu.com/global/news/contacts/inquiries/index.html

  

About Fujitsu

Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Over 170,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.5 trillion yen (US$54 billion) for the fiscal year ended March 31, 2012. For more information, please see http://www.fujitsu.com.

 

All company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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