Dividend Policy & Payment
|

Dividend Payment Policy The Company

The Company’s policy on dividend payment to shareholders takes into consideration the ability to pay dividend from accumulated profit on separate financial statements of the Company as well as the amount of dividend payment from business result as shown on consolidated financial statement. The Company pays dividends not less than 30% of the Company’s total net profits after the deduction of corporate income tax. However, the Company may consider the payment of dividends at a different rate from that specified in the policy, depending on the Company’s results, financial position, liquidity, investment plans, business expansion and economic conditions. Dividend payments shall be no more than the accumulated profit reported in the separate financial statement of the Company and shall be in compliance with relevant laws.

Since the Company operates as a holding company with its investment in subsidiaries as core assets, the ability to pay dividends is subjected to the operating results and dividend payments of the subsidiaries.

Dividend Payment Policy Subsidiaries

The Company’s subsidiaries, Aeroflex Co.,Ltd. Aeroklas Co.,Ltd. Eastern Polypack Co.,Ltd. EPG Innovation Center Co.,Ltd. and Aeroflex Polymer Technologies (Shanghai) Co.,Ltd. have a policy of paying dividends at a rate of not less than 50% of net profit after the deduction of corporate income tax and the allocation of reserve capital in compliance with the law. The subsidiaries will take into consideration a number of factors for the greatest benefit of the shareholders such as operating results, financial position, liquidity, investment plans, business expansion and economic conditions. Dividend payments shall be no more than the accumulated profit reported in the separate financial statement of subsidiaries and shall be in compliance with relevant laws.

Dividend Payment Policy Associated Companies

Tokai Eastern Rubber (Thailand), Co.,Ltd. a joint venture company, has a policy of dividend payment according to operating results, with dividends paid to shareholders as considers appropriate. Tokai Eastern Rubber will allocate dividends to preferred shareholders at a dividends per share amount that is equal to 30 times of dividends per share paid to common shareholders. In the event of non-payment of dividends in any year, the dividends shall not be carried forward to the following year.

Zeon Advanced Polymix Co.,Ltd. another joint venture company, has a policy of paying a dividend of not less than 20% of the net profit after the deduction of corporate income tax and the allocation of reserve capital in accordance with the law. Zeon Advanced Polymix Co.,Ltd. will take into consideration a number of factors for the greatest benefit of the shareholders such as operating results, financial position, liquidity, investment plans, business expansion and economic conditions. Dividend payments shall be no more than the accumulated profit reported in the seperate financial statement of the company and shall be in compliance with relevant laws.

Board Date X-Date Payment Date Dividend Type Dividend
(per Share)
Unit Operation Period Source of Dividend
29/05/17 03/08/17 25/08/17 Cash Dividend 0.15 Baht 01/03/16-31/03/17 Net Profit
11/11/16 23/11/16 09/12/16 Cash Dividend 0.10 Baht 01/04/16-30/09/16 Net Profit
27/05/16 02/08/16 24/08/16 Cash Dividend 0.12 Baht 01/04/15-31/03/16 Net Profit
12/11/15 24/11/15 09/12/15 Cash Dividend 0.08 Baht 01/04/15-30/09/15 Net Profit
29/07/15 06/08/15 27/08/15 Cash Dividend 0.08 Baht 01/04/14-31/03/15 Net Profit