Hoya : Announcement of Revision of Dividend Forecast (97KB)

May 15, 2024

Company Name: HOYA CORPORATION

Representative: Eiichiro Ikeda, President and CEO

(Code: 7741, TSE Prime Market)

Contact: Corporate Communication Department

Telephone:[phone]

Announcement of Revision of Dividend Forecast

HOYA CORPORATION ("the Company") today announced the forecast for the year-end dividend for the fiscal year ended March 31, 2024, as below.*

The formal decision will be made at the Board of Directors' meeting scheduled in late May 2024.

*Since this is the first time we are disclosing our year-end dividend forecast, we are disclosing this information as a revision to our dividend forecast.

1. Reason for the Revision of the Dividend Forecast

The Company aims to maximize the HOYA Group's corporate value by developing businesses globally and changing the business portfolio to conform to the changing times and environments.

With respect to capital policy, the Company's basic policy is to adopt decisions that strike the optimum balance between ensuring internal reserves for the future growth of the HOYA Group and returning profits to shareholders, while pursuing the optimum capital structure for the Company that includes financial soundness and capital efficiency.

With respect to internal reserves for future growth, resources will be preferentially appropriated to investment in the growing businesses for market share expansion, entry into untapped markets, and nurturing and obtaining new technologies. In addition to growth of existing businesses, the Company will also proactively pursue possibilities including mergers and acquisitions to further enrich our business portfolio.

With respect to returning profit to shareholders, the Company's policy is to proactively return profit to shareholders through using surplus funds for dividends and the share repurchases while giving comprehensive consideration to the operating performance of the current term, level of internal reserves, and the medium to long term capital demands and capital structure, among other factors.

By the above policy, the company plans a year-end dividend forecast of 65 yen for the fiscal year ended March 31,2024. Together with the interim dividend of 45 yen per share already paid, the annual dividend forecast is 110 yen per share.

2. Contents of the Revision of the Dividend Forecast

			Annual dividends (Yen)
	Q1-end	Q2-end		Q3-end	Year-end	Total
Previous forecast	-			-	-	-
(Announced on Feb 1, 2024)
Revised forecast	-			-	65.00	110.00
Year Ended March 31 2024	-	45.00		-
(Results)
Year Ended March 31 2023	-	45.00		-	65.00	110.00
(Results)

-End-

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