Millea Holdings, Inc.
President: Shuzo Sumi
TSE code number: 8766
Millea Holdings, Inc. (the "Company") announced today that its board of directors resolved to revise its original forecast of dividends to be paid for the fiscal year ending March 31, 2008 as detailed below.
1. Revised forecast of dividends to be paid for the fiscal year ending March 31, 2008
(Unit: yen)
| | Amount of dividends per share |
| | Interim | Year end | Total |
| Original forecast
(Announced on May 23, 2007) | 18 | 18 | 36 |
| Revised forecast | - | 30 | 48 |
| Actual amount to date for the fiscal year ending March 31, 2008 | 18 | - | - |
| (Reference)
Actual amount for the fiscal year ended March 31, 2007 | 15 | 21 | 36
|
2. Reasons for the revisions
With respect to the appropriation of profits, we seek to pay stable dividends on our common stock, taking into consideration our business results and expected future environment, subject to providing sufficient capital to meet our business needs. Furthermore, we have been seeking to raise the level of dividend payments in the medium term. In light of our current expectation that the business results for the fiscal year ending March 31, 2008 will be favorable, we have decided to revise our original forecast of dividends to be paid to 30 yen (year end) and 48 yen (annual total) per share.
