At a Board of Directors meeting held on July 27, 2006, a decision was made to revise the projected year-end dividend for the fiscal year ending December 31, 2006 (the 106th Business Term) as follows.
This year, the first year of Canon's latest five-year initiative - Phase III of the Excellent Global Corporation Plan - the Company expects to exceed its projected financial results.
Based on this expectation, and in order to enhance shareholder return and steadily pursue our medium- to long-term objective targeting a shareholder return ratio of 30%, the following revision was made to the year-end dividend projection.
| Dividend per share | |||
|---|---|---|---|
| Mid-term | Year-end | Full-year | |
| Previous projection (May 11, 2006) |
50.00 yen | 40.00 yen (60.00yen) |
90.00 yen (110.00yen) |
| Current revision | 50.00 yen | 50.00 yen (75.00 yen) |
100.00 yen (125.00 yen) |
| This year's dividend payout | - | - | - |
| Previous year's dividend payout (Fiscal year ending December 31, 2005) |
32.50 yen | 67.50 yen | 100.00 yen |
Note:
The projected year-end dividend reflects a 3-for-2 forward stock split for record date shareholders as of June 30, 2006.
For reference only, figures in parenthesis reflect the projected year-end and full year dividend on a pre-stock-split basis.
Furthermore, the dividend for the previous year and the mid-term dividend for this year are presented on a pre-stock-split basis.
| This notice contains forward-looking statements with respect to future results, performance and achievements that are subject to risk and uncertainties and reflect management's views and assumptions formed by available information. All statements other than statements of historical fact are statements that could be considered forward-looking statements. When used in this document, words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project" or "should" and similar expressions, as they relate to Canon, are intended to identify forward-looking statements. Many factors could cause the actual results, performance or achievements of Canon to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products by other companies, lack of acceptance of new products or services by Canon's targeted customers, inability to meet efficiency and cost reduction objectives, changes in business strategy and various other factors, both referenced and not referenced in this notice. A detailed description of these and other risk factors is included in Canon's annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. Canon does not intend or assume any obligation to update these forward-looking statements. |
