Brief: Amada Holdings to lower its targeted total return ratio to at least 50%, starting with current FY ending March 2017 - Nikkei

Amada

05/09/2016 18:04

Sept 5 (Reuters) -  
    * Amada Holdings will lower its targeted total return ratio 
to at least 50%, starting with the current fiscal year ending 
March 2017 - Nikkei 
    * Amada to spend more on investment to strengthen operations 
in sheet metal processing equipment, with buybacks implemented 
flexibly based on stock price, return on equity - Nikkei 
    * For fiscal 2016, Amada Holdings is expected to pay an 
annual dividend of 42 yen (41 cents) per share - Nikkei 
    * Amada Holdings targets group sales of 400 bln yen in 
fiscal 2020, up 32% from last fiscal year, and pretax profit of 
80 billion yen, up 86% - Nikkei 
    * To strengthen automation equipment, Amada hopes to deepen 
partnerships with such industrial machinery builders as Fanuc - 
Nikkei 
 
Source text (http://s.nikkei.com/2bRyTaB) 
 
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