Basic Earnings Distribution Policy
Dowa regards the payment of dividends to stockholders as one of its most important management issues. The Company’s basic policy is to maintain stable dividends, while ensuring sufficient internal reserves for strengthening of the corporate structure and future expansion of business, and increasing dividends as performance allows.
Dividend Performance
| Dividends per share (¥) | Payout ratio (%) | ||
|---|---|---|---|
| Fiscal 2008 (106th fiscal year) | 10.00 | Interim 0.00 Year-end 10.00 |
- |
| Fiscal 2007 (105th fiscal year) | 20.00 | Interim 0.00 Year-end 20.00 |
24.4 |
| Fiscal 2006 (104th fiscal year) | 20.00 | Interim 0.00 Year-end 20.00 |
22.8 |
| Fiscal 2005 (103rd fiscal year) | 14.00 | Interim 0.00 Year-end 14.00 |
31.2 |
| Fiscal 2004 (102nd fiscal year) | 10.00 | Interim 0.00 Year-end 10.00 |
34.8 |
| Fiscal 2003 (101st fiscal year) | 7.00 | Interim 0.00 Year-end 7.00 |
50.2 |
| Dividend performance |
|---|
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