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Notice of Dividends of Surplus
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Tokyo, May 10, 2023 – Mitsubishi Heavy Industries, Ltd. (MHI), at a meeting of its Board of Directors held today, decided to make a distribution of dividends of surplus to shareholders of record as of March 31, 2023, as indicated below.
Of note, this dividend distribution will be an item for resolution at the 98th General Meeting of Shareholders scheduled for June 29, 2023.
1. Details of Dividend Distribution
| Decided Amount | Most Recent Year-End Dividend Forecast (February 7, 2023) |
Dividend Distribution in the Previous Fiscal Year (ended March 31, 2022) |
|
| Record date | March 31, 2023 | March 31, 2023 | March 31, 2022 |
| Dividend per share | 70.00 yen | 60.00 yen | 55.00 yen |
| Total dividend amount | 23,583 million yen | - | 18,528 million yen |
| Effective date | June 30, 2023 | - | June 30, 2022 |
| Source of funds | Retained earnings | - | Retained earnings |
2. Reasons
MHI has set a basic policy of continually providing shareholders with a stable dividend, with due consideration for a balance of business growth and financial soundness.
Based on this policy, the Company decided to pay a year-end dividend of 70 yen per share for the fiscal year ended March 31, 2023, an increase of 10 yen per share from the most recent dividend forecast. Of note, the total annual dividend payment, together with the interim dividend paid at the end of the second quarter, amounts to 130 yen per share.
Reference: Breakdown of Annual Dividend
| Dividend per Share | |||
| Record date | Interim | Year-End | Total |
| Forecast dividend amount | - | 70.00 yen | 130.00 yen |
| Fiscal year ended March 31, 2023 | 60.00 yen | - | - |
| Fiscal year ended March 31, 2022 | 45.00 yen | 55.00 yen | 100.00 yen |
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.