Dividend Policy

Telepark has always aimed to achieve above a 30% level of dividend payout ratio, and reached 36% for the fiscal year ended March 2007.
We are targeting at 36.6% for the fiscal year ending March 2008 being committed to maintaining a high level of return on profits to our shareholders.

image:Dividend per Share

*Adjusted based on sprit-ups of stock implemented on January 2006 and July 2004.

'03
March
'04
March
'05
March
'06
March
'07
March
'08
March
(Forcast)
Adjusted Dividend per
Share (Yen)
1,626 2,500 4,500 3,750 4,500 5,000
Dividend Payout Ratio(%) 29.7 30.8 27.8 35.0 36.0 36.6
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