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Securities code: 1414

Dividends

Dividend policy

The Company recognizes that returning profits to our shareholders is the most important issue for management, and we have a basic policy to conduct stable distribution in conjunction with our business performance.

Also, the Company’s basic policy is to pay dividends twice a year: an interim dividend and a year-end dividend. The decision-making body for each surplus is as follows: the year-end dividend is determined at the General Meetings of Shareholders and the interim dividend is determined at the Board of Directors meetings.

Trend of dividends

(Yen)

Fiscal Year Ended June 30, 2011 Fiscal Year Ended June 30, 2012 Fiscal Year Ended June 30, 2013 Fiscal Year Ended June 30, 2014 Fiscal Year Ended June 30, 2015
Annual dividend per share 45.0 50.0 55.0 64.0 78.0
Interim dividend per share 20.0 20.0 21.0 22.0 25.0
Year-end dividend per share 25.0 30.0 34.0 42.0 53.0