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Riken’s fundamental dividend policy is to maintain stable dividend levels on interim and year-end dividends, with considerations of its overall business performance and dividend payout ratio.
The corporation stipulates its capability of making interim dividend payment in its articles of incorporation. The decision-making bodies for the dividend payments are general meeting of shareholders for year-end dividends, and the board of directors for interim dividends due to enable flexible distribution of surplus for dividend payment.
The internal capital reserves will be effectively used to enhance corporate value by investing to those activities, including R&D and establishment of global operation, that bolster competitive advantage.
The corporation sees acquisition of treasury stock as one of the measures for flexible implementation of capital policy, and will accordingly implement it with the consideration of its financial status and stock price level.
For the fiscal year of 2007 (ended March 31, 2008), with the policies above, the management decided the interim dividend as 5.0 yen per share. The year-end dividend is planned to be 7.0 yen per share, and the total dividend for the year is planned to be 12.0 yen per share. |