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Our basic policy for shareholders' return is “stable and attractive dividends.”
We decide the dividend levels, considering not only our annual performance but also operating cash flow forecast, investment plan for growth opportunities, and balance sheet position in the medium-term.
We plan dividends in 2017 at 40 yen per share (interim dividend 19 yen & year-end dividend 21 yen) and dividends from January 2018 to March 2019* at 52.5 yen per share (interim dividend 21 yen & year-end dividend 31.5 yen).
*Showa Shell Sekiyu K.K. hereby announces that, subject to shareholder approval of a partial amendment to the Articles of Incorporation at the 106th Annual General Meeting of Shareholders to be held on 28/Mar/2018,
it resolved to change its accounting period (closing date) at the meeting of the Board of Directors held on 14/Feb/2018.
The 107th term, which is the elapsed period of the business year change, is the period from 1/Jan/2018 to 31/Mar/2019. It is scheduled to be settled for fifteen months.
As we change the business year, record dates of interim dividends and dividends will be changed to 30/Sep every year and 31/Mar every year respectively This change of record dates will be validated at the end of our 107th business year. Therefore, the record date of interim dividends of our 107th business year will be 30/Jun/2018.