Mitsui O.S.K. Lines, Ltd. Announces on Interim Dividend from Retained Earnings
October 31, 2012
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.
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
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