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Dividends
Stock Information
As of May 10, 2011
Dividends
- Ordinary dividend
- Special dividend
* Shareholders of record on March 31, 2008 received a dividend of 32 yen per share that is applicable to fiscal 2008. This dividend is the sum of a 23 yen ordinary dividend and 9 yen special dividend. The special dividend reflects additional net income associated with tax benefits from the April 2007 absorption of a subsidiary.
Basic Dividend Policy
Senior management of the Company regards the appropriate distribution of profits to its shareholders as an important management issue, and seeks to distribute profits in line with earnings. The basic policy is as follows:
(i) To maintain the internal reserves required to maintain a healthy financial position that can withstand variations in the business environment and to make investments for the medium- to long-term growth of the Company (such as investments in human resources, investments to accelerate the achievement of a suitable business portfolio, and investments to develop original products and undertake the basic research for creating innovative new technology as a high-tech fabless company dedicated to research and development), aiming to continuously improve our corporate value.
(ii) The distribution of retained earnings shall be determined by taking into consideration such factors as consolidated operating results, financial circumstances, and investment plans, but in principle the amount to be distributed shall be either a dividend payout ratio of about 30% or about 2% of the consolidated dividend on equity (DOE), whichever is greater. (However, this amount may, following due consideration, be increased or decreased when there are special factors affecting the financial results.) Specifically, the annual dividend to be distributed per share shall be determined as either (a) or (b) below, whichever is greater.
a.Calculate the aggregate amount of dividends as an amount equivalent to about 30% of the consolidated net income, and divide this amount by the number of shares that have been issued at the end of the period, minus the number of shares held by the Company at the end of the period.
b.Calculate the aggregate amount of dividends as an amount equivalent to about 2% of the consolidated dividend on equity (DOE), and divide this amount by the number of shares that have been issued at the end of the period, minus the number of shares held by the Company at the end of the period.
(iii) The Company shall endeavor to return profits to shareholders by acquiring its own shares expeditiously, taking into consideration such as market conditions, movements of stock prices, and the Companyfs financial circumstances in order to improve the efficiency of capital.
The Company intends to appropriate retained earnings by distributing dividends in accordance with this policy.
Once the amount to be distributed has been decided, the details will be announced on the Company website, as well as in a press release.
As yet, no specific decisions have been made regarding the Company's acquisition of treasury stock, but details of any such acquisition will also be announced before it is made, both on the Company website and in a press release.
