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Cts Co Ltd Announces Partial Change to Article of Incorporation of Authorized Share Number; Lowers Year-end Dividend Forecast for FY 2013


Friday, 31 Aug 2012 02:30am EDT 

Cts Co Ltd announced that it has received approval from its Board of Directors to make partial change to its article of incorporation on October 1, 2012. Based on change to article six, the Company will increase the number of its total number of authorized shares from 95,040 shares to 9,504,000 shares. Due to this development, the Company has lowered the year-end dividend forecast from JPY 2,200 per share, disclosed on May 10, 2012, to JPY 22 per share, for the fiscal year ending March 2013. The Company has reaffirmed the mid-year dividend forecast at JPY 1,500 per share, for the fiscal year ending March 2013. 

Company Quote

1150.0
-15.0 -1.29%
11 Jul 2014