Yokohama, Japan, April 22, 2002 (JCN Newswire)
- INNOTECH Corporation (JASDAQ: 9880), one of Japan's leading
semiconductor trading companies, revised its plan to propose
a dividend payment of 0 yen per share for the year ended
March 31, 2002 to the shareholders' meeting at the end
of June, and will instead propose a dividend of 7.5 yen
per share.
INNOTECH directors decided to raise the dividend payment
after carefully considering the needs of its shareholders,
its internal reserves and expected investment requirements
for the coming fiscal year.
Details
Year Ended March 2002 (April 1, 2001 - March 31, 2002) (Units: Yen)
| |
Interim Dividend |
Year-End Dividend |
Total Dividend |
Previous forecast
(November 22, 2001) |
0.00 |
0.00 |
0.00 |
| Revised forecast |
0.00 |
7.50 |
7.50 |
A number of important issues must be taken into account
when considering profit redistribution. These include maintaining
sufficient levels of internal reserves to deal with result
fluctuations and new business expansion, and continually
reinforcing business structures. INNOTECH will continue
to give the most prudent consideration to these factors
when deciding how best to provide shareholders with returns
on their investments.
About INNOTECH
Founded in 1987, INNOTECH is Japan's premier importer of high-end semiconductor
devices and equipment and a skilled support partner to many of Japan's top
electronics makers. The Company maintains direct relationships with every major
semiconductor manufacturer in Japan. Today's INNOTECH is a high-paced company
that prides itself on making swift but informed decisions to keep up with the
pace of an ever-changing electronics market. In recent years INNOTECH has begun
to leverage its built-up corporate knowledge and technological expertise to
expand in development, and licensing of our own patented technology in Japan.
Forward-Looking Statements
Statements made on this news release with respect to INNOTECH Group's (INNOTECH
and its subsidiaries and affiliated companies) current plans, estimates, strategies
and beliefs and other statements that are not historical fact are forward-looking
statements about the future performance of the INNOTECH Group. These statements
are based on management's assumptions and beliefs in light of the information
currently available to it and therefore undue reliance should not be placed
upon them in making investment decisions. The INNOTECH Group cautions that
a number of important factors including, but not limited to: changes in general
economic conditions, exchange rate fluctuations, conditions in the semiconductor
and electronic components industry, could cause actual results to differ materially
from those discussed in the forward-looking statements.
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