ABOUT SHOEI MALAYSIA
We have 5 subsidiaries in Europe and U.S.A. SHOEI DISTRIBUTION GMBH in Germany, SHOEI EUROPE DISTRIBUTION SARL in France and SHOEI ITALIA S.R.L. in Italy are distributing our products almost 60% of total volume in whole Europe including sales to their neighboring countries. SHOEI (EUROPA) GMBH in Germany and SHOEI SAFETY HELMET CORPORATION in U.S.A. are engaged in control of distributors and sales promotion activities. In collaboration with local distributors, they are performing after-sale-service to improve customer satisfaction.
We consider profit distribution to shareholders to be high priority for our business activities and settle our principle to distribute earnings corresponding to fiscal year end results. We intend to improve the net assets in order to reinforce our financial and operational fundamentals and also implement fiscal year end profit distribution according to 50% dividend payout ratio. Profit distribution at the end of financial year is only scheduled at present, and interim dividends will not be realized.
As for dividend as of September 2016, it would amount to Yen 72 per share, as announced on July 28,2016.