BELLUNA

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Dividends and Shareholder Returns

Repaying shareholders for their constant support by making ongoing efforts to increase the corporate value of the Company is one of Belluna’s most important policies. We pay dividends twice a year, with shareholders of record as of September 30 and March 31 receiving interim dividends and year-end dividends commensurate with their shareholding.

*The contract date is five business days before March 31 and four business days before September 30.

Regarding dividends for fiscal 2019, we plan to pay a total annual dividend of 15.0 yen per share, comprising an interim dividend of 7.50 yen per share and a year-end dividend of 7.50 yen per share. Taking into account business performance and strategic investments for medium-term growth, the Company will strive to continually pay stable dividends.

 

Dividend par share(yen)

interim dividend

year-end dividend

Annual dividend

2015/3

6.25

6.25

12.5

2016/3

6.25

6.25

12.5

2017/3

6.25

6.25

12.5

2018/3

6.25

6.25

12.5

2019/3(tentative)

7.50

7.50

15.0

*The Company implemented a 2-for-1 stock split for its common stock, effective October 1, 2013. The above amounts of cash dividends per share have been adjusted based on the assumption that the stock split was executed at the beginning of the year ended March 31, 2014.

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