Dividend

Dividend Distribution Policy

Basic dividend distribution policy of T&D Holdings, Inc. is to improve the future value of equity for our shareholders and to continue to distribute a constant dividend while ensuring the sound operation of the Company and its subsidiaries and affiliates and the maintenance of the required equity capital for the entire group.

Projected Dividend

(per share)

As of May 19, 2011 Interim Year-end Annual dividends
FY ending March 31, 2012 - 45yen 45yen
[1-to-2 stock split effective on October 1, 2011] - [22.50yen] [22.50yen]

Note: Revision to the dividend forecast due to the 1-to-2 stock split of T&D Holdings' common stock announced on August 25, 2011.

Historical Dividends

(per share)

  Interim Year-end Annual dividends
FY ended March 31, 2011 - 45yen 45yen
FY ended March 31, 2010 - 45yen 45yen
FY ended March 31, 2009 - 45yen 45yen
FY ended March 31, 2008 - 65yen 65yen
FY ended March 31, 2007 - 65yen 65yen
FY ended March 31, 2006 - 55yen 55yen
FY ended March 31, 2005 - 45yen 45yen
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