MOL announces differences between financial outlook and financial results for FY2014 and revision of forecast of year-end dividend
Mitsui O.S.K. Lines, Ltd. (the Company; President: Koichi Muto) in its press release published on Thursday announced differences in its consolidated business outlook for FY2014 (April 1, 2014 to March 31, 2015), issued on January 30, 2015, and the financial results announced today. In addition, the board of directors approved a resolution at the meeting held today to revise the year-end dividend forecast for FY2014.
1. Differences in the consolidated business outlook for FY2014 (April 1, 2014 to March 31, 2015)
and the financial results
MOL said that the Operating income, ordinary income and net income exceeded the previous outlook as a result of factors including continued yen depreciation and maintained strong market in the tanker division.
2. Revision of dividend forecast
The Company attributed the revision to the fact that it used 20% as a guideline for the dividend payout ratio, and pay dividends in conjunction with consolidated performance. Based on the full-year business results for FY2014, we plan to pay a year-end
dividend of ¥4 per share, which was ¥3 per share at the previous announcement. As a result, we plan to pay ¥7 per share for the full year
