Dividend Policy

UT Group considers returning our profit to shareholders as an extremely important issue in the management. In our dividend policy, we target over 30% of annual EPS (earnings per share) growth and over 30% of dividend payout ratio. Based on the consolidated earnings forecast, we predict that the dividend per share of the next fiscal year ending March 2011 would be JPY2,400 (predicted dividend ratio of 40%).

Fluctuation of Dividend Per Share

(Yen)