The move came as the automaker logged a record group net profit for the business year ended in March, signifying a recovery from a sales slump caused by the revelation of a coverup of vehicle defects in 2000.
The company will pay a dividend of
"We caused concern and put a burden on our shareholders by not paying dividends for a long period of time...We are very relieved that we could create an environment to resume dividend payments for the first time in 16 and a half years," President
"We can complete the first stage of business revitalization with the resumption of dividends," he added.
The shareholders also accepted the appointment of 14 board members. The company is promoting Managing Director
Under the leadership of Masuko, who took the helm in 2005, the company has made progress in improving its financial standing by conducting a public stock offering in January to buy back preferred shares held by its group companies.
The company's group net profit for fiscal 2013 surged 175.6 percent from the previous year to a record
Most Popular Stories
- Bently Creates Alabama Small Business Commission
- Is Alibaba's IPO Price a Fairytale?
- When to Say No to Investors, Yes to Mentors
- Los Angeles Angels Clinch Playoff Spot
- U.S. Producer Prices Held Steady in August
- Bolivar Appointed to NSHMBA National Board
- Sanctions Push Russian Ruble to Historic Low
- U.S. Tobacco Growers Lose Last of Price Supports
- Hispanic Buying Power Slow but Growing in South
- Scottish Leaders Scramble for Votes on Independence