AZBIL CORPORATION TOKYO BLDG., 2-7-3, MARUNOUCHI, CHIYODA-KU, TOKYO 100-6419 JAPAN

(Translation)
May 12, 2023
Company name: Azbil Corporation
Representative: Kiyohiro Yamamoto

Director, President & Group CEO
Contact:
Toshihiko Akabane

General Manager,

Head of Group Management Headquarters
Phone:
+81-3-6810-1010
Stock code:
6845 (Tokyo Stock Exchange Prime Market)
Notification of Cash Dividends from Retained Earnings (Increase in dividends)

Azbil Corporation (“the Company”) announces that it has resolved, at the Board of Directors meeting held on May 12, 2023, to propose an agenda item with regard to the increase in dividends with the record date of March 31, 2023, to its 101
st
Ordinary General Meeting of Shareholders on June 27, 2023 as follows.
1. Details of dividends

Amounts determined
Latest forecast
(announced on February 7, 2023)

Dividends for
previous fiscal year-end
(fiscal year ended March 31, 2022)
Record date
March 31, 2023
March 31, 2023
March 31, 2022
Dividends per
share
33.50 yen
32.50 yen
30.00 yen
Total amount of
dividends
4,574 million yen
―

4,176 million yen
Effective date
June 28, 2023
―

June 24, 2022
Dividends resource
Retained earnings
―

Retained earnings

2. Reason for the decision As the Company considers the return of profit to its shareholders as one of its important management issues, the Company aims to maintain stable dividends while comprehensively taking into account consolidated business performance, ROE, DOE, retained earnings for future business operation and corporate structure fortification, etc. and striving to improve the dividends level.
Under the purpose of returning more profit to shareholders, while comprehensively considering consolidated
business performance and financial position for the current term, the future business environment, etc., the year-end dividends per share for the fiscal year which ended March 31, 2023 has been set at 33.5 yen, which is a 1.0 yen increase from the latest estimated dividends and a 3.5 yen increase from the previous term’s 30.0 yen. The annual dividends for the current term are 66.0 yen, which is a 6.0 yen increase from the previous term.

AZBIL CORPORATION TOKYO BLDG., 2-7-3, MARUNOUCHI, CHIYODA-KU, TOKYO 100-6419 JAPAN

(Reference) Breakdown of annual dividends

Dividends per share
Record date
2nd quarter-end
Fiscal year-end
Total
Fiscal year ended
March 31, 2023
32.50 yen
33.50 yen
66.00 yen
Fiscal year ended
March 31, 2022
30.00 yen
30.00 yen
60.00 yen