Dividend from Surplus and Revision of Forecast Dividends
May 29，2020
IWATA, May 29, 2020—Yamaha Motor Co., Ltd. (Tokyo: 7272), by a resolution of its Board of Directors on May 29, 2020, has decided to cancel dividends from surplus at the end of the second quarter (June 30, 2020). Yamaha Motor will therefore make a new announcement when making projections become possible for forecast dividends from surplus for the fiscal year ending December 31, 2020.
1. Revised Forecast of Dividends from Surplus for the Fiscal Year from January 1, 2020 through December 31, 2020
| End Q2 | End of FY | Total | |
|---|---|---|---|
| Previous Forecast (Announced April 24, 2020) |
Yen fractions |
Yen fractions |
Yen fractions |
| New Revised Forecast | 0.00 |
undetermined |
undetermined |
| Results for Current Fiscal Year | - |
- |
- |
| Results for Previous Fiscal Year (Year ended December 31, 2019) |
45.00 |
45.00 |
90.00 |
（2）Reasons for Revision of Dividends from Surplus
With regard to the unclear market environment and the consolidated business conditions, Yamaha Motor has determined to cancel dividends from surplus at the end of the second quarter (June 30, 2020) to secure cash on hand.
