At a meeting held on May 11, 2016, the Board of Directors of Toyota Motor Corporation (“TMC”) resolved to distribute dividends from surplus, with record date dated March 31, 2016. In relation to the above, we hereby inform you of the following:
1. Details of dividends
(1) Common shares
Year-end dividend for FY 2016 |
Most recent dividend forecast | Year-end dividend paid for FY 2015 | |
|---|---|---|---|
| Record date | March 31, 2016 | March 31, 2016 | March 31, 2015 |
| Dividend per share | 110.00 yen | – | 125.00 yen |
| Total amount of dividends | 334,144 million yen | – | 393,351 million yen |
| Effective date | June 2, 2016 | – | June 17, 2015 |
| Source of dividends | Retained earnings | – | Retained earnings |
Reference Details of dividends per common share through the fiscal year
| Record date | Dividends for FY 2016 (ended March 31,2016) |
Dividends for FY 2015 (ended March 31,2015) |
|---|---|---|
| End of interim period | 100.00 yen |
75.00 yen
|
| End of fiscal period | 110.00 yen |
125.00 yen
|
| Total | 210.00 yen |
200.00 yen
|
(2) First Series Model AA Class Shares
| Year-end dividend for FY 2016 | Most recent dividend forecast | Year-end dividend paid for FY 2015 | |
|---|---|---|---|
| Record date | March 31, 2016 | March 31, 2016 | – |
| Dividend per share | 26.00 yen | – | – |
| Total amount of dividends | 1,224 million yen | – | – |
| Effective date | June 2, 2016 | – | – |
| Source of dividends | Retained earnings | – | – |
Reference Details of dividends per First Series Model AA Class Share through the fiscal year
| Record date | Dividends for FY 2016 (ended March 31,2016) |
Dividends for FY 2015 (ended March 31,2015) |
|---|---|---|
| End of interim period | 26.00 yen | – |
| End of fiscal period | 26.00 yen | – |
| Total | 52.00 yen | – |
2. Reason for the dividend amount
TMC deems the benefit of its shareholders as one of its priority management policies and strives to continue to pay stable dividends with a consolidated dividend payout ratio of 30% while giving due consideration to factors such as business results for each term, investment plans and its cash reserves.
In order to successfully compete in this highly competitive industry, TMC will focus on the early commercialization of technologies for the next-generation environment and safety, giving priority to customer safety and sense of security.
Considering these factors, with respect to the dividends for FY2016, TMC has determined, by a resolution of the Board of Directors, to pay a year-end dividend of 110 yen per common share and as a result, the annual dividend will be 210 yen per common share when combined with the interim dividend of 100 yen per common share.
In addition, TMC has determined, by a resolution of the Board of Directors, to pay a year-end dividend of 26 yen per First Series Model AA Class Share in accordance with a prescribed calculation method and as a result, the annual dividend will be 52 yen per share when combined with the interim dividend of 26 yen per share.
