Japan's Orient Corp. declared a dividend for the fiscal year ended March 31 and nominated three new directors.
The company said June 7 its board recommended a cash dividend of ¥2.00 per share. It did not declare a dividend for the prior fiscal year. Subject to approval, the dividend's effective date is June 27.
Meanwhile, the company nominated Tomoaki Ookuma, Satoshi Itagaki directors and Tatsushi Shingu an outside director.
The company said Yoshihisa Suzuki, Kyohei Ogawa and Nobuo Setta will step down as directors. Suzuki's resignation is effective March 31.
As of June 7, US$1 was equivalent to ¥109.99.
