Japanese electronics manufacturer Fujitsu may increase dividends for 2017, taking into account the company's growth in commercial IT services.
On the possibility of revising the planned dividends to the larger side, taking into account the company's annual results, Fujitsu Financial Director Hidehiro Tsukano (Hidehiro Tsukano). The amount of anticipated payments the top manager did not specify, reports Nikkei.
According to the publication, in 2016, the Japanese vendor paid Fujitsu shareholders 9 yen (0.08 US dollars) per share. Earlier it was assumed that in 2017 the dividend amount will be 11 yen (about 10 cents) per share.
It is expected that Fujitsu will update its net profit record for the first time in the last three years. The company's revenue will increase by 64% and will reach 145 billion yen (1.31 billion dollars). At the same time, the share of dividends in Fujitsu's net profit is less than 20%, observers say..
Recently, Fujitsu has strengthened its financial position and increased cash inflows. It is assumed that the consolidated cash flow for the financial year totaled 120 billion yen (1.09 billion US dollars) against 104.8 billion yen a year earlier.