Dividends

Dividends Policy

We consider the proper return of profits to our shareholders to be one of our most important issues. For the fiscal year 2009, we paid an interim dividend of \7, and a year-end dividend of \13, thus the payout ratio was 20.8%. In the 2009 mid-term plan, we aimed to improve our corporate value further and to expand investment in plants and equipment, and thus were able to attain a payout ratio higher than 20%. We will continue to keep these same dividend policies in the future.

Dividends (Forecasts)

Interim Dividend
Per Share
Periodic Dividend
Per Share
Annual Dividend
Per Share
Period ending March 2012 (FY2011) 16 yen (12 yen) (28 yen)

Dividend Fluctuations

Interim Dividend
Per Share
Periodic Dividend
Per Share
Annual Dividend
Per Share
Period ending March 2011 (FY2010) 12 yen 20 yen 32 yen
Period ending March 2010 (FY2009) 7 yen 13 yen 20 yen
Period ending March 2009 (FY2008) 13 yen 0 yen 13 yen
Period ending March 2008 (FY2007) 15 yen 15 yen 30 yen
Period ending March 2007 (FY2006) 11 yen 16 yen 27 yen
Period ending March 2006 (FY2005) 0 yen 14 yen 14 yen
Period ending March 2005 (FY2004) 0 yen 8 yen 8 yen
Period ending March 2004 (FY2003) 0 yen 6 yen 6 yen
Period ending March 2003 (FY2002) 0 yen 5 yen 5 yen