Cash generated through our business will be distributed to our shareholders as dividends, as well as be used in investments that raise corporate value. Our investment strategy calls for those designed to increase our corporate value and thus enhances returns to our shareholders.

Our basic dividend policy is to pay stable dividends, based on our desire that shareholders will hold our stock with a long-term perspective.

Our investment criteria are to accelerate distinctiveness and to provide a return that exceeds the cost of capital, in order to help raise corporate value. Regarding financial leverage, our medium- and long-term targeted debt-to-equity ratio is below 1.0.

As for the dividend for FY2010, we have made a year-end dividend of 1 yen per share, as we have placed a priority on the recovery of our facilities that were damaged in the Great East Japan Earthquake and minimizing financial damage. This have brought the total cash dividend for the full fiscal year, including the earlier interim dividend payment, to 3.5 yen per share.
As for FY2011, we forecast an interim dividend of 1 yen per share and a year-end dividend of 2.5 yen per share.　We will try to recover the financial damage caused by the Earthquake at the earliest possible, aiming for a stable dividend.