Trend Micro, Inc.
Eva Chen, Representative Director, President,
Chief Executive Officer
First Section of the Tokyo Stock Exchange
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:
|Year-end dividend for FY 2016
||Most recent dividend forecast
||Year-end dividend paid for FY 2015
||December 31, 2016
||December 31, 2016
||December 31, 2015
|Dividend per share
|Total amount of dividends
||19,337 million yen
||15,060 million yen
||March 29, 2017
||March 28, 2016
|Source of dividends
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%
|Dividend per share (yen)
||End of interim period
||End of fiscal year
|Year of 2016 (December 31, 2016)
|Year of 2015 (December 31, 2015)
|Year of 2014 (December 31, 2014)