NEC Electronics Announces Revised Dividend Forecasts
KAWASAKI, Japan, October 26, 2005
NEC Electronics Corporation (TSE:6723) today announced revised year-end dividend forecasts for the fiscal year ending March 31, 2006, which were approved at a meeting of the board of directors on October 26, 2005.
1. Reasons for revised dividend forecasts
NEC Electronics revised its consolidated financial forecasts for the first half of the fiscal year ending March 31, 2006, on October 26, 2005. Despite cost reduction efforts, both consolidated and non-consolidated net sales declined significantly year-on-year and the company expects to incur losses for the fiscal year. As a result, NEC Electronics has reluctantly decided to eliminate year-end dividends.
2. Revised dividend forecasts
Dividend per share
|
|
Interim
Dividend
|
Year-end
Dividend
|
Year
|
|
Previous forecast
(Announced September 2, 2005)
|
0 yen
|
TBD
|
TBD
|
|
Revised forecast
|
0 yen
|
0 yen
|
0 yen
|
|
Reference:
Results for the fiscal year ended
March 31, 2005
|
10 yen
|
10 yen
|
20 yen
|
|
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