In the consolidated results for the entire 75th fiscal year, operating income fell significantly below the forecast, however ordinary income and net income materially exceeded their forecasts because of the recording of foreign exchange gains, among other factors. In addition, for the forecasts for the following fiscal year, both sales and income are expected to be higher than in the fiscal year under review. Regarding capital investment, capital requirements are expected to remain high for the following fiscal year, just as in the case of the fiscal year under review, as considerable capital investment is required for the enhancement of production facilities in the Vietnamese and Malaysian plants.
Taking all the above circumstances into consideration, the dividend payable at the end of the fiscal year under review is ¥5 per share as recently projected (and announced on November 8, 2012). The interim dividend of ¥4 per share was paid for the fiscal year under review, and therefore the total dividend for the entire fiscal year under review is ¥9 per share (the consolidated dividend payout ratio is 30.1%).
In addition, the annual dividend for the following fiscal year is currently estimated at ¥9 per share, which is the same amount as for the fiscal year under review (interim dividend of ¥4 and year-end dividend of ¥5; estimated consolidated dividend payout ratio of 29.0%) (based on the announcement dated May 14, 2013).