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Aug 8, 2008 Announcement on Revision of Dividend Forecasts for the Fiscal Year Ending March 31, 2009
Tokyo Electron Limited announces that it passed a resolution, at the meeting of the Board of Directors regarding financial results held on August 8, 2008, to revise its forecasts for the per-share dividend for the fiscal year ending March 31, 2009 as follows.
Reason for revision of dividend forecasts The Company’s dividend policy is to link dividend payments to business performance and revenue on an ongoing basis, and its basic policy for returning earnings to shareholders is to maintain a payout ratio for a given year of around 20% based on consolidated net income for the year. Therefore, we have revised the financial forecasts as mentioned in today’s “Announcement on Financial Forecast Revision” and the previous dividend forecasts have also been revised as follows.
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