Skip navigation
Newswire

Takata says to skip H1 dividend, undecided on year-end payout

TOKYO, Nov 27 (Reuters) - Takata Corp said on Thursday it would skip paying out a mid-year dividend in light of its business performance, and that it was still undecided on a payout at the end of the business year to March 31, 2015.

Takata paid a 15-yen dividend twice in the business year to March 31, 2014, for a total 30 yen.

Recalls related to Takata air bags are almost certain to balloon after U.S. safety regulators on Wednesday ordered the company to expand a regional recall of driver-side air bags to cover the entire United States, not just hot and humid areas where the air bag inflators are thought to become more volatile.

(Reporting by Chang-Ran Kim; Editing by Edwina Gibbs)