Tokyo, April 27, 2004 -
Following a meeting on April 27, 2004, the board of directors of CSK CORPORATION ("CSK") proposed an increase in the year-end dividend payment for the fiscal year ended March 31, 2004. Details of the proposed dividend increase are as follows, along with the previous dividend estimate issued on November 13, 2003.
- Reason for upward revision of proposed dividend
CSK Group has made considerable progress in creating a stable, profitable management foundation. This has been achieved by focusing on measures to 1) establish a Group management structure, 2) differentiate CSK's strategic business areas, and 3) reform and improve CSK's financial position.
In recognition of the support shareholders have provided throughout these initiatives, management intends, at the general shareholders' meeting on June 25, 2004, to propose a distribution of net income that includes a 3 (three) yen increase in the year-end dividend to 9 (nine) yen per share.
The proposed dividend for the full year, including the interim dividend of 6 (six) yen distributed on December 10, 2003, is 15 (fifteen) yen per share.
- Outline of revision
| |
Interim
dividend |
Year-end
dividend |
Total
dividend |
Previous estimate
Announced November 13, 2003 |
6 yen |
6 yen |
12 yen |
| Revised estimate |
6 yen |
9 yen |
15 yen |
| Dividend for year to March 31, 2003 |
0 yen |
12 yen |
12 yen |
|
