Announcement Regarding Change from Business Forecasts and Year-end Dividend for the Year Ended March 2010
Sysmex Corporation announces that there are certain differences between figures announced on November, 2009, in our performance forecast for the fiscal year ended March 31, 2010 (April 1, 2009, to March 31, 2010) and the actual performance results announced today. The board of directors authorized the dividend for the fiscal year ended March 31, 2010, at a meeting held on May 10, 2010. It will be resolved at the 43rd Ordinary General Meeting of Shareholders.
(1) Consolidated Business Result for FY2009
(April 1, 2009 to March 31, 2010)
(2) Reasons for the Change
In terms of consolidated operating performance for the year ended March 31, 2010, net sales was slightly lower than the figure announced in our previous forecast. On the profit front, however, operating income and ordinary income were higher than the forecast figures. These differences resulted from higher sales in China of hematology analyzers and diagnostic reagents, centering on highly profitable high-end products, as well as from lower unrealized profits on year-end inventories. The higher-than-forecast increase in net income was the result of higher income before income taxes and minority interests, as well as a decrease in tax expenses owing to an increase in tax deduction of experiment and research expenses.
2. Year-end Dividend
Our basic policy on profit distribution is to share the fruits of our operations with due regard being given to the constant payment of a stable dividend, while taking into account our consolidated performance and payout ratio. In line with this policy, Sysmex Corporation has decided to refer a plan to provide a year-end dividend of 31 yen. Accordingly, annual total dividends will be 56 yen per share and the payout ratio will be 29.4% on a consolidated basis, marking a 6 yen increase from the 50 yen annual dividend for the year ended March 2009.
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