Dividend Declaration
05 March 2010 - 7:13PM
UK Regulatory
TIDM35SV
RNS Number : 1447I
Pioneer Corporation
05 March 2010
For Immediate Release
March 5, 2010
Pioneer Announces Year-end Dividend for Fiscal 2010
Pioneer Corporation has announced that at a meeting of its Board of Directors
held today, the Company decided to pay no year-end dividend for fiscal 2010, the
year ending March 31, 2010, to its shareholders.
Pioneer positions its dividend policy as one of its highest management
priorities. On the basis of maintaining stable dividends, the Company's policy
is to set appropriate dividend payments in light of its financial position,
consolidated business results, and other factors.
The decision to pay no year-end dividend for fiscal 2010 is attributable
to the Company's forecast of a consolidated net loss of JPY54 billion for fiscal
2010.
Going forward, the Company is determined to improve its business
performance by striving to ensure the success of ongoing restructuring.
+----------------------------+--+---------------+--+---------------+
| [Dividends per Share of Common Stock] |
+------------------------------------------------------------------+
| | | Fiscal 2010 | | Fiscal 2009 |
+----------------------------+--+---------------+--+---------------+
| Interim | | JPY0.0 | | JPY0.0 |
| dividend·················· | | | | |
+----------------------------+--+---------------+--+---------------+
| Year-end | | JPY0.0 | | JPY0.0 |
| dividend·············· | | | | |
+----------------------------+--+---------------+--+---------------+
| Total annual | | JPY0.0 | | JPY0.0 |
| dividend········ | | | | |
+----------------------------+--+---------------+--+---------------+
Cautionary Statement with Respect to Forward-Looking Statements
Statements made in this release with respect to our current plans, estimates,
strategies and beliefs, and other statements that are not historical facts are
forward-looking statements about our future performance. These statements are
based on management's assumptions and beliefs in light of the information
currently available to it. We caution that a number of important risks and
uncertainties could cause actual results to differ materially from those
discussed in the forward-looking statements, and therefore you should not place
undue reliance on them. It is not our obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. We disclaim any such obligation. Risks and uncertainties
that might affect us include, but are not limited to: (i) general economic
conditions in our markets, particularly levels of consumer spending, and levels
of demand in the major industrial sectors which we serve; (ii) exchange rates,
particularly between the Japanese yen and the euro, the U.S. dollar, and other
currencies in which we make significant sales or in which our assets and
liabilities are denominated; (iii) our ability to continuously design and
develop and win acceptance for our products in extremely competitive markets;
(iv) our ability to successfully implement our business strategies; (v) the
success of our joint ventures, alliances and other business relationships with
third parties; (vi) our ability to access funding; (vii) our continued ability
to devote sufficient resources to research and development, and capital
expenditures; (viii) our ability to ensure the quality of our products; (ix) the
success of our restructuring plans; and (x) the outcome of contingencies.
Pioneer Corporation is a leading global manufacturer of consumer- and
business-use electronics products such as car electronics, audio and video
products. Its shares are traded on the Tokyo Stock Exchange.
# # # # # #
For further information, please contact:
Hideki Okayasu
Senior Managing Director and Representative Director
Pioneer Corporation, Japan
Phone: +81-44-580-3211 / Fax: +81-44-580-4064
E-mail: pioneer_shr@post.pioneer.co.jp
IR Website: http://pioneer.jp/ir-e/
This information is provided by RNS
The company news service from the London Stock Exchange
END
DIVEAPDSEFFEEEF
Paragon M. C47 (LSE:35SV)
Historical Stock Chart
From Jun 2024 to Jul 2024
Paragon M. C47 (LSE:35SV)
Historical Stock Chart
From Jul 2023 to Jul 2024