At a meeting held on May 8, 2013, the Board of Directors of Toyota Motor Corporation ("TMC") resolved to propose an agenda asking for authorization to distribute dividends from surplus, with record date dated March 31, 2013, at the 109th Ordinary General Shareholders' Meeting to be held on June 14, 2013. In relation to the above, we hereby inform you of the following:
1. Details of dividends
|Amount to be proposed
as Year-end dividend
for FY 2013
|Year-end dividend paid
for FY 2012
|Record Date||March 31, 2013||March 31, 2013||March 31, 2012|
|60.00 yen||Not reported||30.00 yen|
|190,045 million yen||—||95,004 million yen|
|Effective date||June 17, 2013||—||June 18, 2012|
|Retained earnings||—||Retained earnings|
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, TMC plans to propose a year-end dividend of 60 yen per share, and an annual dividend of 90 yen per share, combined with the interim dividend of 30 yen per share.
|Details of Dividends through the fiscal year|
|Dividend per share (yen)|
|Record date||End of interim period||End of fiscal period||Total|
|Dividends for FY2013
(ended March 31, 2013)
|Dividends for FY2012
(ended March 31, 2012)