Oct. 27, 2023
Komatsu Ltd. ("Company") (President and CEO: Hiroyuki Ogawa) announces today that, at a meeting of its Board of Directors held on October 27, 2023, the Company decided to pay a dividend of retained earning with the record date of September 30, 2023. Details are as follows.
Details of dividend
Komatsu is building a sound financial position and is enhancing its competitiveness in order to increase its sustainable corporate value. Concerning cash dividends, Komatsu has the policy of continuing stable payment of dividends after comprehensively considering consolidated business results and reviewing future investment plans, cash flows and the like. Specifically, Komatsu has the policy of maintaining a consolidated payout ratio of 40% or higher.
Concerning the interim cash dividend under this basic policy, after reviewing business results for the first six-month period under review and considering future business prospects, Komatsu is planning to increase JPY 3 per share from the projection of April 28 this year, to JPY 72 per share. Similarly, with respect to the year-end cash dividend, Komatsu is also planning to increase that dividend by JPY 2 from the projection, to JPY 72 per share. As a result, Komatsu plans to pay annual cash dividends of JPY 144 per share, increase of JPY 5 per share from the previous fiscal year ended March 31, 2023. The consolidated payout ratio will become 40.1%.
The announcement set forth herein contains forward-looking statements which reflect management's current views with respect to certain future events, including expected financial position, operating results, and business strategies. These statements can be identified by the use of terms such as "will," "believes," "should," "projects" and similar terms and expressions that identify future events or expectations. Actual results may differ materially from those projected, and the events and results of such forward-looking assumptions cannot be assured.
Factors that may cause actual results to differ materially from those predicted by such forward-looking statements include, but are not limited to, unanticipated changes in demand for the Company's principal products, owing to changes in the economic conditions in the Company's principal markets; changes in exchange rates or the impact of increased competition; unanticipated cost or delays encountered in achieving the Company's objectives with respect to globalized product sourcing and new Information Technology tools; uncertainties as to the results of the Company's research and development efforts and its ability to access and protect certain intellectual property rights; and, the impact of regulatory changes and accounting principles and practices.
No : 0060(3283)
Corporate Communications Department
Sustainability Promotion Division
*The information may be subject to change without notice.