Ultrafabrics : Notice Regarding Distribution of Dividend from Surplus
February 16, 2022 at 02:24 am EST
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February 14, 2022
Dear all
Company name
Ultrafabrics Holdings Co., Ltd
Representative
Noboru Yoshimura
name
Representative Director & President
Code No.
4235 (JASDAQ)
Contact
Takashi Kabe
Chief Controller, Administration
Department
Telephone number
042-644-6515
Notice Regarding Distribution of Dividend from Surplus
At the Board of Directors meeting held on February 14, 2022, the company resolved to distribute dividends from surplus as given below with the record date December 31, 2021.
Description
1. Details of Dividends
Latest dividend forecast
Results for the previous period
Determined amount
(Announced on February 15,
(Period ended December 2020)
2021)
Record date
December 31, 2021
December 31, 2021
December 31, 2020
Dividend
Common stock 28.00 yen
Common stock 26.00 yen
Common stock 20.00 yen
per share
Type A preferred stock 30.00 yen
Type A preferred stock 28.00 yen
Type A preferred stock 22.00 yen
Distribution
Common stock 209 million yen
Common stock 130 million yen
Type A preferred stock 56 million
‒
Type A preferred stock 40 million
total amount
yen
yen
Effective
March 28, 2022
‒
March 29, 2021
date
Source of
Retained earnings
‒
Retained earnings
dividends
2. Reason
The company's basic policy is to continue paying stable dividends to shareholders while strengthening the corporate structure, considering the enhancement of internal reserves to prepare for future business development.
The performance for the fiscal year that ended on December 31, 2021, exceeded the forecast announced at the beginning of the fiscal year, mainly due to the higher-than-expected sales volume from the automobile sector in the wake of favorable vehicle sales. Regarding the year-end dividend for the fiscal year ended December 31, 2021, the company has decided to increase the dividend from the forecast announced on February 15, 2021, to 28 yen per share for common stock and 30 yen per share for type A preferred stock, comprehensively considering future trends in business performance, financial position, business development, and other factors.
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The medium-term management plan for the period from FY 2022 to FY 2024, announced today, states that given the continued high level of demand for capital investment, the dividend payout ratio will be approximately 30%, to balance the allocation of the profits generated to investment, retained earnings, and shareholder returns.
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Ultrafabrics Holdings Co. Ltd. published this content on 16 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2022 07:23:01 UTC.
Ultrafabrics Holdings Co.,Ltd., formerly Daiichi Kasei Co.,Ltd., is a Japan-based company engaged in manufacture and sale of polyurethane leather. There are four main uses for polyurethane leather products. Products for furniture are applied to chairs and other high-end office furniture mainly in North America, and the contract furniture used in hotels, restaurants, theaters. Automobiles products are sold as interior materials such as automobile gear shift boots and wear-resistant seats. Aircraft products are sold mainly as interior materials for private jets (business jets). Other products are sold mainly as interior materials of golf gloves, clothing materials, recreational vehicles (RVs), trucks and boats. The Company mainly sells products in Japan, North America, Europe and other regions.
ULTRAFABRICS HOLDINGS CO.,LTD. 
