Tokai Rubber to raise dividends as sales, income rise

ERJ staff report (DRR)

Komaki, JapanTokai Rubber Industries, Ltd., Inc. plans to raise its dividend to Yen 7 per share (Euro0.06 per share) over a previous forecast of Yen 8, thanks to recent improvements in sales and earnings which are expected to see improved results by year end, on 31 March 2011, the company said in a 28 Oct announcement.

Sales now are expected to reach Y270,000 million, up from its Y240 000 estimate in May this year, while net income should reachY10 000 million, up 42.9 percent on the previous expectation, the firm said.

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Press release from Tokai (auto-Translated from Japanese)