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Tokyo, March 8, 2006-CSK Holdings Corporation ("CSK"), at a meeting of its Board of Directors held today, decided to upwardly revise the forecast dividend per share for the fiscal year ending March 31, 2006. The previous dividend forecast was announced on April 15, 2005.
1. Reason for revision of dividend forecast
CSK's consolidated net income for the fiscal year ending March 2006 is expected to increase for the third consecutive fiscal period, reaching a record high, and the Company is keenly aware of the support and understanding of shareholders and other stakeholders that has made this achievement possible.
As a measure of gratitude, CSK proposes increasing the per-share dividend for the year to ¥40.0, ¥20.0 higher than the previous forecast. This proposed increase is subject to shareholder approval, and will be tabled at the general meeting of shareholders in June 2006. If approved, the revised dividend payment would represent the third consecutive year of dividend increases.
CSK intends to continue efforts to raise corporate value by investing in business sectors with high profitability and growth potential, and at the same time is committed to maintaining a high level of dividend payments commensurate with the Company's business performance.
2. Details of revision
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Dividend per share |
End-of-year dividend payment |
Total dividend payment for the year |
Previous forecast (FY ending March 31, 2006) |
¥20 |
¥20 |
Revised forecast (FY ending March 31, 2006) |
¥40 |
¥40 |
Actual dividend paid in previous year (FY ended March 31, 2005) |
¥17 |
¥17 |
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