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DENSO Announces Revision of Year end Dividend Forecast
Date: 03/25/2010
Contact: Bridgette L. Gollinger
DENSO International America, Inc.
Phone: (248) 372-8266
bridgette_gollinger@denso-diam.com
KARIYA (Japan) -- DENSO Corporation today announced that it has revised its year end dividend forecast for the fiscal year ending March 31, 2010, announced on October 30, 2009.
1. Content of revision
Dividend per share
| |
Interim |
Year end |
Yearly |
FY Forecast
(Previous announced) |
--
|
Undecided
|
Undecided |
FY Forecast
(Revised)
|
--
|
14 yen
|
27 yen |
Previous FY
Results ended March 31, 2009 |
27 yen
|
13 yen
|
40 yen |
|
2. Reason for revision to year end dividend forecast
DENSO's basic dividend policy is to maintain a stable dividend payment, taking consideration of various aspects such as financial performance and dividend ratio. Due to the unclear outlook of the business environment, we announced year end dividend forecast for the fiscal year ending March 31, 2010, as ' Undecided 'on October 30, 2009. After comprehensive consideration of current conditions, the company has decided to revise year end dividend forecast as above.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global supplier of advanced technology, systems and components. Its customers include all the world's major carmakers. Worldwide, the company employs approximately 120,000 people in 33 countries and regions, including Japan. Consolidated global sales for the fiscal year ended March 31, 2009 totaled US$32.0 billion. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.
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