This is to inform you that ZEON Corporation today filed a report with the Tokyo Stock Exchange regarding a revised forecast for dividends for the fiscal year ending March 31, 2005, as follows:
Announcement of Revised Forecast for FY2004 Dividends
Name of listed company: URL http://www.zeon.co.jp/ |
ZEON Corporation | (Code: 4205: First Section, Tokyo Stock Exchange and Osaka Securities Exchange) |
| Representative | President & CEO | Naozumi Furukawa | |
| Contact | Managing Director, Finance & Accounting Dept. |
Yoichi Mishima | Tel: +81-3-3216-1785 |
| ZEON Corporation announced that a resolution was adopted at the Board of Directors meeting on March 24, 2005, to revise the forecast for yearend dividends per share for the fiscal year ending March 31, 2005. The Company will submit a formal proposal to shareholders at the 80th annual shareholders’ meeting scheduled to be held in June 2005. |
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| 1. | Reason for the Revised Forecast |
| The Company’s basic policy when making a dividend is to determine the corporate performance, the business environment for the year under review and the outlook for the performance in the coming year, then to make a stable dividend in a long run. Based on this policy, the Company has paid an interim dividend of ¥3 per share and was expecting to pay the yearend dividends of ¥3 per share, resulting in the annual dividend of ¥6 per share for the full fiscal year ending March 31, 2005. Having reviewed the business results to date, the Company now revises its forecast for the year-end dividends from ¥3 to ¥4 per share, an increase of ¥1 per share. As the result, the annual dividend is accordingly revised to ¥7 per share. |
| 2. | Year-End Dividends for FY2004 (April 1, 2004 to March 31, 2005) |
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