Notice Concerning Dividend from Surplus (Interim Dividend)

    MTI Ltd. (hereinafter the “Company”) announces that the Board of Directors of the Company resolved to pay a dividend from surplus (interim dividend) with March 31, 2017 as the record date at its meeting held on April 27, 2017. There will be no change from the interim dividend forecast disclosed on October 31, 2016. Details are as follows.

    1. Outline of the dividend (Interim dividend)

    Determined amount Latest dividend forecast
    (Announced on October 31, 2016)
    Dividends in previous fiscal year
    (Fiscal year ended September 30, 2016)
    Dividend record date March 31, 2017 Same as on the left March 31, 2016
    Cash dividends per share 8 yen Same as on the left 8 yen
    Total cash devidends 435 million yen 434 million yen
    Effective date June 12, 2017 June 13, 2016
    Dividend resource Retained earnings Retained earnings

    2. Reasons for dividends from surplus
    The Company achieved the most recent results forecasts for operating income and ordinary income in the first half of the fiscal year ending September 30, 2017. Profit attributable to owners of parent fell below the most recent results forecast in the first half because the Company amortized goodwill relating to shares in Video Market Corporation in full with the conversion of Video Market Corporation into a consolidated subsidiary. However, the Company decided to pay 8 yen per share as interim dividends according to its forecast because the goodwill amortized was posted as a temporary loss and it attaches importance to the viewpoint of the stability of dividends.

    (Reference) Annual dividend forecast

    Cash dividends per share
    Dividend record date End of Q2 Year-end Total
    Initial forecast 8 yen 16 yen
    Actual dividends in the current fiscal year 8 yen

    Actual dividends in the previous fiscal year
    (Fiscal year ended September 30, 2016)

    8 yen 8 yen 16 yen

    <Points to consider concerning forecasts>
    Dividend forecast contained in this material are based on judgments, assumptions and convictions derived from information available to the Company at the time of the publishing of this material and may differ significantly from actual results due to various factors such as future economic conditions in Japan and overseas, changes in the situation of business operations in Japan and overseas, or uncertain elements and potential risks inherent in forecasts. Risks and uncertain elements also include unpredictable impacts, etc. arising from future events.

    Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

    【Contact information for inquiries】
    Investor Relations Office
    MTI Ltd.
    Tel : +81-3-5333-6323 Fax : +81-3-3320-0189
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