We hereby announce that we have revised our previous forecast of the amount of cash dividends for the fiscal year ended March 31, 2004 as follows.
1.Revised forecast of the amount of cash dividends for the year ended March 31, 2004
| | Dividends per share at year end | Dividends per share for the fiscal year |
| Previous forecast (*1) | 10,000 yen | 10,000 yen |
| Revised forecast | 11,000 yen | 11,000 yen |
(Reference) Dividends paid for the fiscal year ended March 31, 2003 | 10,000 yen | 10,000 yen |
(*1)Announced on November 27, 2003.
2.Principal reasons for the revision
When apportioning profits, we expect to pay stable dividends on our common stock taking into consideration our business results and our expected future environment, subject to having retained earnings and to providing sufficient capital to meet our business needs. In light of the current circumstances and various factors, we intend to propose at the 2nd ordinary general meeting of shareholders to be held at the end of June 2004, the payment of cash dividends for the fiscal year ended March 31, 2004 in the amount of 11,000 yen per share, an increase of 1,000 yen per share from the previous fiscal year.