Shareholder Return

The Company is aiming to sustained improvement in its enterprise value and return to shareholders. While putting priority on investment to assure future growth, the Company will also improve the level of return to shareholders. To this end, the Company will continuously increase dividend payments assuming growth in earnings on a consolodated basis over the medium- to long-term, and implement share buybacks in a proactive and flexible manner to improve capital efficiency. Based on these policies, the Company has a medium-term DOE target of 8% for fiscal 2010.
*DOE(dividend on equity) is calculated by multiplying ROE by payout ratio.

• Record Date for Dividend:
  Year-end dividend - March 31
  Interim dividend - September 30
  
  
• Historical Data of Dividend

  (Unit: Yen / share)

  	Fiscal 2005	Fiscal 2006	Fiscal 2007	Fiscal 2008
  Interim dividend	30	40	50	60(planned)
  Year-end dividend	40	40	60	60(planned)
  Annual dividend	70	80	110	120(planned)

  Note: In accordance with the Company's Articles of Incorporation, if cash dividends are not claimed for three (3) full years from the day of commencement of payment, the Company shall be relieved of the obligation to make such payment.
  
  

• Share Buyback

  	Acquisition period	Total acquisition cost (thousand yen)	Shares acquired
  Fiscal 2008	Aug. 4 - Aug. 21 2008	48,351,108	10,000,000
  	May. 15 - Jun. 20 2008	39,999,735	9,085,500
  Fiscal 2007	Dec. 3 - Jan. 18 2008	38,684,248	8,000,000
  	Aug. 29 - Sep. 10 2007	43,088,442	8,300,000
  Fiscal 2006	Oct. 5 - Dec. 19 2006	149,999,577	29,046,300
  	Aug. 2 - Sep. 20 2006	69,911,303	14,985,400
  Fiscal 2005	Nov. 8 - Dec. 8 2005	26,999,916	5,979,300
  	Aug. 3 - Aug. 31 2005	19,172,363	5,000,000

  
  
• Cancellation of Treasury Stock

  	Date of cancellation	Shares cancelled	Shares cancelled as a percentage of all outstanding shares issued prior to the cancellation
  Fiscal 2008	June 24, 2008	15,000,000	2.89%
  Fiscal 2007	June 26, 2007	45,000,000	7.98%
  Fiscal 2006	May 31, 2006	10,000,000	1.74%