We have steadily increased dividend per share to shareholders. For instance, despite a significant decline in net income in FY2008 affected by Lehman shock, we maintained dividend per share unchanged from the previous fiscal year.
We aim steadily growing return to shareholders and the target payout ratio level is 40% to 50% of average adjusted earnings (excluding EV).
*The definition of "Adjusted earnings"
unit: bn yen
(On a repurchase year basis, unit : bn yen）