To our shareholders and interested investors
Stock Price and Dividends
(yen)
Term 59 60 61 62 63
Fiscal Year 1982 1983 1984 1985 1986
Stock
Price		 High 319 460 754 820 760
Low 210 350 358 562 400
Dividend per Share 6 5 5 5 5
Payout Ratio 72.2% 102.3% 82.2% 102.6% 65.2%
 
Term 64 65 66 67 68
Fiscal Year 1987 1988 1989 1990 1991
Stock
Price		 High 719 1,240 1,410 1,110 895
Low 488 660 1,090 411 520
Dividend per Share 5 5 5 5 5
Payout Ratio
(Consolidated)		 - 32.2% 27.9% 35.4% 49.3%
Payout Ratio 48.7% 41.2% 40.9% 41.2% 42.0%
 
Term 69 70 71 72 73
Fiscal Year 1992 1993 1994 1995 1996
Stock
Price		 High 720 712 662 710 703
Low 340 420 480 381 391
Dividend per Share 5 5 5 6 5
Payout Ratio
(Consolidated)		 183.2% 26.4% 74.7% 42.4% 24.1%
Payout Ratio 49.6% 64.8% 45.9% 45.8% 51.2%
 
Term 74 75 76 77 78
Fiscal Year 1997 1998 1999 2000 2001
Stock
Price		 High 514 270 325 272 454
Low 175 156 185 188 237
Dividend per Share 5 3 5 5 7.5
Payout Ratio
(Consolidated)		 82.8% - 23.0% - 23.6%
Payout Ratio 53.2% - 40.4% - 29.9%
 
Term 79 80 81 82 83
Fiscal Year 2002 2003 2004 2005  2006 
Stock
Price		 High 356 423 539 997 1009
Low 215 271 328 465  640 
Dividend per Share 8.5 8.5 10 12  12 
Payout Ratio
(Consolidated)		 20.2% 22.9% 20.9% 22.4% 23.2%
Payout Ratio 24.0% 30.8% 32.3% 34.1%  31.6% 

Term 84 85 86 87 88
Fiscal Year 2007 2008 2009 2010  2011 
Stock
Price		 High 742 563      
Low 365 175      
Dividend per Share 12 8      
Payout Ratio
(Consolidated)		 30.4% -      
Payout Ratio 41.4% -      
 
 
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