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NEC Fielding strives to provide its shareholders with a return on their investment by responding appropriately to rapidly changing business conditions, increasing its competitiveness and boosting its corporate value. Management of the Company believes that this goal can be achieved by establishing stable business foundations and building the financial strength and internal reserves that future business expansion will require, while at the same time declaring steady dividends commensurate with operating results for the benefit of shareholders.
NEC Fielding has a basic policy of paying dividends twice a year: interim dividends effective at the end of the first half of a fiscal year (“interim dividend”) and year-end dividends. The Board of Directors has the authority to declare these dividends.
The Company’s articles of incorporation stipulate that “with regard to matters stipulated in the provisions of Section 1 of Article 459 of the Company Law including dividends of surplus, the Company may decide by resolution of the Board of Directors, except as otherwise provided by laws and regulations.”
For the fiscal year under review, the Company declared a year-end cash dividend of 25 yen per share, inclusive of a special dividend of 10 yen per share in commemoration of the 50th anniversary. Combined with the interim dividend of another 15 yen, the annual dividend was 40 yen per share.
The Company plans to declare an interim dividend of 20 yen and a year-end dividend of 20 yen per share in the fiscal year ending March 31, 2009.
Lowering the minimum investment is an effective means to increasing the number of potential individual investors and improving share liquidity, and on May 20, 2004, the company carried out a 2-for-1 stock split.
Looking toward the future, the Company will continue to give overall consideration to the level of stock prices, composition of shareholders and cost effectiveness with a careful focus on measures aimed at lowering the minimum investment.
