Notice Cash Dividend in the end of fiscal year in December 2016

 
February 16, 2017

Trend Micro, Inc.
Eva Chen, Representative Director, President,
Chief Executive Officer
First Section of the Tokyo Stock Exchange
Code: 4704

At a meeting held on February 16, 2017, the Board of Directors of: Trend Micro (“we”) resolved to distribute year-end cash dividend per share, with record date dated December 31, 2016. The effecting of the resolution is conditional on the agenda item being approved at the 28th ordinary general meeting of shareholders on March 28, 2017.
In relation to the above, today we hereby inform you of the following:

1. Dividend for the Year ending December 2016 (January 1 to December 31, 2016)

  Year-end dividend for FY 2016
Most recent dividend forecast
Year-end dividend paid for FY 2015
Record date
December 31, 2016
December 31, 2016
December 31, 2015
Dividend per share
141.00 yen
Not reported
110.00 yen
Total amount of dividends
19,337 million yen

15,060 million yen
Effective date
March 29, 2017

March 28, 2016
Source of dividends
Retained earnings

Retained earnings

2. Reason for of cash dividend for FY2016


We intend to continue to return profits to shareholders based on our net profits on a consolidated basis while striving to enhance financial strength and secure inner reserves in order to deal with the significantly changing business environment and maintain a competitive edge against competitors.
Our basic policy on dividends has been set as 70% of net income attributable to owners of the parent.
As pertains to our purchase of the TippingPoint business in 2016, this acquisition’s related amortization has started to be booked.  According to such a background, to avoid the dividend payout being affected by this non-cash charge, we plan to pay the year-end dividend on the basis of a dividend ratio of 70% calculated after excluding the effect of after-tax impact of amortization related to purchase the TippingPoint business with a following formula.

 (Reported net income attributable to owners of the parent + After-tax impact of amortization of related to purchase of the TippingPoint Business) x 70%

Appendix

  Dividend per share (yen)
Record date
End of interim period
End of fiscal year
Annual Total
Year of 2016 (December 31, 2016)
0 141.00
141.00
Year of 2015 (December 31, 2015)
0 110.00
110.00
Year of 2014 (December 31, 2014)
0 116.00
116.00