Stock and Bond Information

Distribution of Profits

Dividend policy

The basic policy concerning earnings distributions is to make distributions to shareholders in a flexible manner that reflects current earnings while retaining earnings as needed for the company’s growth, such as for funding R&D activities, strengthening manufacturing operations and starting new businesses.

The policy is to pay a dividend from retained earnings once each year with a record date at the end of the year. The amount of this dividend is determined at the shareholders meeting.

The Articles of Incorporation allow the board of directors to approve the payment of an interim dividend with a record date of June 30.