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dividend dividend

1. Basic Policy on Distribution of Profits

We regard the return of profits to our shareholders as one of our most important management-related tasks. We aim to provide stable cash dividends based on our consolidated performance, targeting a dividend payout ratio of around 40%.

2. Dividend forecast

FY2018 (Fiscal year ending December 31, 2018)

Dividends 35 yen (including implementation of the 120th year commemorative dividend 5yen)
Record date for receiving dividends December 31 (Interim dividend not provided)

3. Payment of dividends

Due to the change to our Articles of Incorporation that was given at the General Meeting of Shareholders held in June 2006, resolutions regarding the payment of dividends are now passed by the Board of Directors.

Payment of dividend for the 74th term (fiscal year ended December 31, 2017)

We hereby announce that a resolution regarding the following was passed at the Board of Directors’ meeting held on February 23, 2018.

Shareholder dividend 30 yen per share
Payment start date Thursday, March 8, 2018

* Documents related to the payment of dividends will be enclosed with the notice of convocation that will be mailed out on March 7.
To shareholders who own less than one unit of shares (100 shares) each, we will send dividend-related documents separately on the same day.

4. Dividends per share that we have paid

(Fiscal year ended March 31, 2007)
15 yen
(Fiscal year ended March 31, 2008)
15 yen
(Fiscal year ended March 31, 2009)
15 yens
(Fiscal year ended March 31, 2010)
15 yen
(Fiscal year ended March 31, 2011)
15 yen
(Fiscal year ended March 31, 2012)
18 yen
(Fiscal year ended March 31, 2013)
20 yen
(Fiscal year ended March 31, 2014)
22 yen
(Fiscal year ended December 31, 2014)
16.50 yen
(Fiscal year ended December 31, 2015)
22 yen
(Fiscal year ended December 31, 2016)
24.50 yen
(Fiscal year ended December 31, 2017)
30 yen

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