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Asahi Glass: higher dividend in prospect

Japan“s Asahi Glass Co., Ltd. announced 21 June 2004 a revision to the dividend forecast released on 16 February 2004 for the interim term and the fiscal year-end 31 December 2004. The company said t…

Japan“s Asahi Glass Co., Ltd. announced 21 June 2004 a revision to the dividend forecast released on 16 February 2004 for the interim term and the fiscal year-end 31 December 2004. The company said that as it expects fiscal 2004 full year net sales, operating income and net income to reach record highs of JPY 1,420 billion, JPY 120 billion and JPY 68 billion respectively, it is raising its dividend forecasts in line with its policy of disbursing stable dividends to shareholders. The company“s previous dividend forecast on 16 February 2004 was for an Interim dividend of JPY 4.5, a Year-end dividend of JPY 4.5, and a Full year dividend of JPY 9. On 21 June 2004, the company amended the forecasts as follows: Interim dividend of JPY 6, a Year-end dividend of JPY 6, and a Full year dividend of 12 JPY. For fiscal 2003, the company paid Year end and Full year dividends, both of JPY 6.75. No interim dividend was paid as fiscal 2003 was a 9 month transitional period because of a change to the fiscal year end.

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