TIDMTKK

RNS Number : 2633G

Toray Industries Inc

10 May 2011

May 10, 2011

Toray Industries, Inc.

Notice Concerning Distribution of Dividends

Toray Industries, Inc. (headquarters: Chuo-ku, Tokyo, Japan; President & COO: Akihiro Nikkaku; hereinafter referred to as "Toray") today announced that the Board of Directors at a meeting held on May 10, 2011 has decided to pay the following dividend to stockholders of record on March 31, 2011. This resolution is subject to approval at the 130th Ordinary General Meeting of Stockholders scheduled for June 24, 2011.

Details of dividends

 
                       amount            Most recent       Year-end dividend 
                     proposed as       dividend forecast    paid for FY 2010 
                  Year-end dividend    (Announced on Feb 
                     for FY 2011            3,2011) 
--------------  -------------------  -------------------  ------------------ 
  Record Date      March 31, 2011       March 31, 2011      March 31, 2010 
--------------  -------------------  -------------------  ------------------ 
   Dividend           5.00 yen             2.50 yen            2.50 yen 
   per share 
--------------  -------------------  -------------------  ------------------ 
 Total amount    8,151 million yen                         3,501 million yen 
  of dividends 
--------------  -------------------  -------------------  ------------------ 
   Effective       June 27, 2011                             June 25, 2010 
      date 
--------------  -------------------  -------------------  ------------------ 
   Source of     Retained earnings                         Retained earnings 
   dividends 
--------------  -------------------  -------------------  ------------------

Reason for the dividend amount

Toray recognizes that its profit distribution policy is a vital matter for the corporate management, and accordingly is committed to distributing such profits fairly through comprehensive consideration of every factor including business results, financial standing and retention of earnings necessary for future investment.

Taking into consideration the earnings performance during the period under review and the outlook for the coming fiscal year, Toray is proposing to pay a year-end dividend of Yen5.0 per share of common stock, an increase of Yen2.5, for an aggregate annual dividend of Yen7.5 per share of common stock including the interim dividend.

[Reference] Details of dividends through the fiscal year

 
                             Dividend per share (yen) 
------------------  ------------------------------------------ 
    Record date      End of interim   End of fiscal    Total 
                         period           period 
------------------  ---------------  --------------  --------- 
 Dividends for FY       2.50 yen        5.00 yen      7.50 yen 
  2011 
  (ended March 31, 
  2011) 
------------------  ---------------  --------------  --------- 
 Dividends for FY       2.50 yen        2.50 yen      5.00 yen 
  2010 
  (ended March 31, 
  2010) 
------------------  ---------------  --------------  ---------

[For further information, please contact]

Ichiro Maeda

General Manager

Corporate Communications Department, Toray Industries, Inc.

Tel: +81-3-3245-5178

This information is provided by RNS

The company news service from the London Stock Exchange

END

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