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Announcement of Dividend of Surplus (Increased Dividend)

Last updated:May 8, 2008

We hereby announce that the Company has resolved at the meeting of the Board of Directors held on May 8, 2008, to make dividends of surplus with a record date of March 31, 2008, as set out below. This matter will be submitted to the ordinary general meeting of shareholders to be held on June 19, 2008.

1. Details of Dividends

Most recent expected dividend
(announced: November 1, 2007)
Previous period performance
(March 2007 Period)
Record dateMarch 31, 2008March 31, 2008March 31, 2007
Dividend per shar700 yen500 yen500 yen
Total amount of dividend2,303 million yen-1,645 million yen
Effective dateJune 20, 2008-June 22, 2007
Dividend payment fundearned surplus-earned surplus

2. Reason for Increased Dividend

Returning profits to our shareholders is an important management policy for the Company and our fundamental position is to work to provide stable and long-term profit returns to shareholders, upon comprehensive consideration of the Company's performance for each period and other factors such as business expansion.
Regarding the year-end dividends for the year ending March 31, 2008, the Company decided to increase the dividend by 200 yen per share to 700 yen per share, upon comprehensive consideration of the fact that performance for the period was at the highest level ever and that undistributed profits are expected to increase in the medium-term, due to promotion of the growth strategy in the medium-term management plan (released in November 2007) which will conclude in FY 2010. The Company plans to pay annual dividends of 1,200 yen, equal to those for the year ending March 31, 2008, for the year ending March 31, 2009.

(Reference) Annual Dividend Breakdown

Dividend per share (yen)
Record dateEnd of interim periodEnd of periodAnnual
Performance for the period500 yen700 yen1,200 yen
Performance for the previous period
(for the year ending March 31, 2007)
500 yen500 yen1,000 yen