Announcement of Revision in the Forecast for Cash Dividends for the Year Ending December 31, 2007
Announcement of Revision in the Forecast for Cash Dividends for the Year Ending December 31, 2007
This is to announce that on June 29, 2007, the Board of Directors of Mabuchi Motor Co., Ltd ("Mabuchi") resolved to revise the forecast of cash dividends per share for the year ending December 31, 2007 as follows:
The reasons to revise cash dividends for the year ending December 31, 2007.
It has been our dividend policy to pay special dividend per share calculated by dividing 20% of consolidated net income by the applicable number of outstanding shares in addition to the ordinary dividend of 60 yen per share. With the reduction of the applicable number of outstanding shares by the repurchase of its own shares by the tender offer ended on June 13, 2007, the special dividend per share calculated by dividing 20% of projected consolidated net income announced on February 16, 2007 by the applicable number of outstanding shares increased to 52 yen from the previous forecast of 51 yen.
Revision of the Forecast for Cash Dividends for the Year Ending December 31, 2007
| Semi-annual | Year-end | Annual | |
|---|---|---|---|
| Previous Forecast (Announced on Februry.16, 2007) |
55Yen | 56Yen | 111Yen Ordinary Dividend:60yen Special Dividend:51Yen |
| Revised Forecast | 56Yen | 56Yen | 112Yen Ordinary Dividend:60Yen Special Dividend:52Yen |
| Results for Previous Year | 51Yen | 63Yen | 114Yen Ordinary Dividend:60Yen Special Dividend:54Yen |