Tokyo, May 10, 2018 --- Hitachi, Ltd. (TSE:6501) today announced that the Board of Directors decided the year-end dividend for the fiscal year ended March 31, 2018, as shown below in view of earnings performance and other factors.
The Year End Dividend
|Fiscal Year ended March 31, 2018|
|Record date||March 31, 2018|
|Amount per share||8 yen|
|Total amount||38,621 million yen*|
|Effective date||May 29, 2018|
|Dividend resource||Retained Earnings|
* The calculation of the total amount of the year-end dividend is based on 4,827,727,440 shares, which deducted 5,735,947 shares of treasury stock from total issued shares of 4,833,463,387 shares as of March 31, 2018.
|Interim dividend per share||Year-end dividend per share||Annual dividend per share|
|Fiscal year ended||7 yen||8 yen||15 yen|
|March 31, 2018|
|Fiscal year ended||6 yen||7 yen||13 yen|
|March 31, 2017|
Certain statements found in this document may constitute “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such “forward-looking statements” reflect management’s current views with respect to certain future events and financial performance and include any statement that does not directly relate to any historical or current fact. Words such as “anticipate,” “believe,” “expect,” “estimate,” “forecast,” “intend,” “plan,” “project” and similar expressions which indicate future events and trends may identify “forward-looking statements.” Such statements are based on currently available information and are subject to various risks and uncertainties that could cause actual results to differ materially from those projected or implied in the “forward-looking statements” and from historical trends. Certain “forward-looking statements” are based upon current assumptions of future events which may not prove to be accurate. Undue reliance should not be placed on “forward-looking statements,” as such statements speak only as of the date of this document.
Factors that could cause actual results to differ materially from those projected or implied in any “forward-looking statement” and from historical trends include, but are not limited to:
- Economic conditions, including consumer spending and plant and equipment investment in Hitachi’s major markets, particularly Japan, Asia, the United States and Europe, as well as levels of demand in the major industrial sectors Hitachi serves;
- Exchange rate fluctuations of the yen against other currencies in which Hitachi makes significant sales or in which Hitachi’s assets and liabilities are denominated;
- Uncertainty as to Hitachi’s ability to access, or access on favorable terms, liquidity or long-term financing;
- Uncertainty as to general market price levels for equity securities, declines in which may require Hitachi to write down equity securities that it holds;
- Fluctuations in the price of raw materials including, without limitation, petroleum and other materials, such as copper, steel, aluminum, synthetic resins, rare metals and rare-earth minerals, or shortages of materials, parts and components;
- The possibility of cost fluctuations during the lifetime of, or cancellation of, long-term contracts for which Hitachi uses the percentage-of-completion method to recognize revenue from sales;
- Credit conditions of Hitachi’s customers and suppliers;
- Fluctuations in product demand and industry capacity;
- Uncertainty as to Hitachi’s ability to implement measures to reduce the potential negative impact of fluctuations in product demand, exchange rates and/or price of raw materials or shortages of materials, parts and components;
- Uncertainty as to Hitachi’s ability to continue to develop and market products that incorporate new technologies on a timely and cost-effective basis and to achieve market acceptance for such products;
- Increased commoditization of and intensifying price competition for products;
- Uncertainty as to Hitachi’s ability to attract and retain skilled personnel;
- Uncertainty as to Hitachi’s ability to achieve the anticipated benefits of its strategy to strengthen its Social Innovation Business;
- Uncertainty as to the success of acquisitions of other companies, joint ventures and strategic alliances and the possibility of incurring related expenses;
- Uncertainty as to the success of restructuring efforts to improve management efficiency by divesting or otherwise exiting underperforming businesses and to strengthen competitiveness;
- The potential for significant losses on Hitachi’s investments in equity-method associates and joint ventures;
- General socioeconomic and political conditions and the regulatory and trade environment of countries where Hitachi conducts business, particularly Japan, Asia, the United States and Europe, including, without limitation, direct or indirect restrictions by other nations on imports and differences in commercial and business customs including, without limitation, contract terms and conditions and labor relations;
- Uncertainty as to the success of cost structure overhaul;
- Uncertainty as to Hitachi’s access to, or ability to protect, certain intellectual property;
- Uncertainty as to the outcome of litigation, regulatory investigations and other legal proceedings of which the Company, its subsidiaries or its equity-method associates and joint ventures have become or may become parties;
- The possibility of incurring expenses resulting from any defects in products or services of Hitachi;
- The possibility of disruption of Hitachi’s operations by natural disasters such as earthquakes and tsunamis, the spread of infectious diseases, and geopolitical and social instability such as terrorism and conflict;
- Uncertainty as to Hitachi’s ability to maintain the integrity of its information systems, as well as Hitachi’s ability to protect its confidential information or that of its customers; and
- Uncertainty as to the accuracy of key assumptions Hitachi uses to evaluate its employee benefit-related costs.
The factors listed above are not all-inclusive and are in addition to other factors contained in other materials published by Hitachi.
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges, combining its operational technology, information technology, and products/systems. The company’s consolidated revenues for fiscal 2017 (ended March 31, 2018) totaled 9,368.6 billion yen ($88.4 billion). The Hitachi Group is an innovation partner for the IoT era, and it has approximately 307,000 employees worldwide. Through collaborative creation with customers, Hitachi is deploying Social Innovation Business using digital technologies in a broad range of sectors, including Power/Energy, Industry/Distribution/Water, Urban Development, and Finance/Social Infrastructure/Healthcare. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.