KARIYA (Japan) -- DENSO Corporation today announced its year-end dividend for the fiscal year ending March 31, 2013. This will be presented at the 90th annual shareholders meeting on June 19, 2013.
Dividend per share
2. Reason for change in year-end dividend from previously announced forecast
DENSO’s basic dividend policy is to maintain a stable dividend payment taking into consideration various aspects, such as financial performance and dividend ratio. Based on this policy, the company has decided to increase its year-end dividend to 37 yen, an increase of 10 yen from the previous forecast.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electric, electronics and information and safety. Its customers include all the world's major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 36 countries and regions (including Japan) and employs more than 130,000 people. Consolidated global sales for the fiscal year ending March 31, 2013, totaled US$38.1 billion. Last fiscal year, DENSO spent 9.4 percent of its global consolidated sales on research and development. 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.