Dividend

Dividend Policy

A top management priority at Aderans Holdings is the return of profits to shareholders. Our primary objective is, of course, to maintain stable dividends, and our basic policy is to sustain dividends at a high level. Toward this end, we must pursue growth opportunities, so while we seek to return profits to shareholders through the repurchase of treasury stock, we also need to direct profits into retained earnings to fund investment strategies, such as the development of activities that enhance operations and reinforce financial position over the medium to long term.

Dividend per Share
Fiscal 2010 (Estimated)
Year-end (Undetermined)
Payment of Dividend
 
Dividend per Share
Payout Ratio
Fiscal 2010
 
-
Midyear-end
¥0
 
Fiscal 2009
 
-
Year-end
¥15
 
Midyear-end
¥5
 
Fiscal 2008
 
2,949.5%
Year-end
¥50
 
Midyear-end
¥30
 
Fiscal 2007
 
51.9%
Year-end
¥50
 
Midyear-end
¥25
 
Fiscal 2006
 
26.0%
Year-end
¥22
 
Midyear-end
¥22
 
Fiscal 2005
 
-
Year-end
¥19
 
Midyear-end
¥19
 
Fiscal 2004
 
22.7%
Year-end
¥16
 
Midyear-end
¥16
 

* We have no special benefit plan for stockholders.

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