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As a matter of basic policy on profit sharing, Itochu Enex is
committed to continuously providing steady dividends to
shareholders, with a consolidated payout ratio of 30% or more
as a benchmark. To this end, we endeavor to reduce total assets
and employ well-balanced funds within the Group from mediumand
long-term perspectives.
The Company abides by a basic policy of distributing dividends
from surplus twice per year with an interim dividend and a yearend
dividend. The decision-making entities regarding dividends
from surplus are the General Meeting of Shareholders for the
year-end dividend and the Board of Directors for the interim
dividend. In line with the above policy, we maintained the practice
of paying a year-end dividend of ¥8 per share for the fiscal year
under review. For the next fiscal year, ending March 31, 2009,
we also plan to pay a dividend of ¥16 per share (including an
¥8 per share interim dividend). As for internal reserves, these
are channeled into plant and equipment investment in order
to strengthen our business platform and further increase the
size of our profits. Itochu Enex has determined in its Articles
of Incorporation that "The Company may, by a resolution of
the Board of Directors, pay interim dividends with September
30 of every year as the record date to determine qualified
beneficiaries." |
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