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October 31, 2012

Mitsui O.S.K. Lines, Ltd. Announces on Interim Dividend from Retained Earnings

TOKYO - Mitsui O.S.K. Lines, Ltd. (the Company; President: Koichi Muto) today announced the Company's resolution not to distribute an interim dividend from retained earnings to shareholders of record as of September 30, 2012.

  • Details

      Resolution Most recent Dividend 
    Forecast(issued on April 27, 2012)
    Interim Dividend paid in FY2011(ended March 31,2012)
    Record Date September 30, 2012 Same as left September 30, 2011
    Dividend per Share ¥0.00 To be decided ¥2.50
    Total Amount of Dividends ¥0 - ¥2,990 million
    Effective Date - - November 22, 2011
    Source for Dividend - - Retained earnings
  • Reasons
    The Company resolved not to deliver an interim dividend for FY2012, ending March 31, 2013, to shareholders of record as of September 30, 2012, due to operating loss of ¥2.3 billion, ordinary loss of ¥6.7 billion, and net loss of ¥13.0 billion for the first half of FY2012. The Company has not determined a year-end dividend, in consideration of ongoing uncertainty in the business climate surrounding it. The Company will announce it as soon as determined, based on the future business climate, business performance, and financial standing.

    (Reference) Outlook of the annual dividend is as follows:

      Dividend per share
    Record Date Interim (2Q end) Year end Total
    Dividend outlook   To be decided To be decided
    Paid for FY2012 ¥0.00    
    Paid for FY2011
    (ended March 31, 2012)
    ¥2.50 ¥2.50 ¥5.00

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