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Our basic policy is to actively return profits to shareholders in accordance with financial results, taking into consideration maintaining adequate levels of internal reserves for investments towards future growth and cash flows. Our target of consolidated dividend payout ratio is set to about 30%, and also in order to continuously pay dividends regardless of financial results, the minimum level on dividend of equity ratio (DOE) is set to 1%,

<Dividend Information>

We determined the year-end dividend to be 42 yen per share, and with the dividend for the end of the second quarter, which had already been paid, the dividend for the fiscal year ending March 2017 is determined to be 24 yen per year, up by 6 yen as compared to the previous year. The dividend per share for the fiscal year ending March 31st, 2018 is expected to be increased to 48 per share annually, up by 6 yen as compared to the previous year, based on our policy to pay stable dividends continuously according to the suggested consolidated dividend payout ratio of 30 percent.