JVCKENWOOD considers it one of the most important managerial issues to provide shareholders with stable returns on their investments, and decides on details such as the distribution of retained earnings by comprehensively taking into account profitability and financial conditions.

Based on this policy, the Company decided not to pay an interim dividend for the fiscal year under review at a meeting of its Board of Directors, held on November 1, 2012. On the other hand, it decided to pay a year-end dividend of 5 yen per share for the said year at a meeting of the Board of Directors, held on May 15, 2013. Although during the fiscal year under review, consolidated net income decreased from a year earlier, to return stable profits, we decided to pay a year-end dividend of 5 yen per share for the fiscal year under review, the same amount as for the previous fiscal year.

For the fiscal year ending March 2014, with the aim of improving earnings and our financial condition, we plan to pay a dividend of 5 yen per share in line with the above policies.