JVC Kenwood considers it one of the most important managerial issues to provide shareholders with stable returns on their investment, and will decide on details such as the distribution of retained earnings by comprehensively taking into account profitability and financial conditions.
For the fiscal year ended March 2010, we in JVC Kenwood refrained from paying year-end dividends, since we had to concentrate our management resources to accomplish an earnings recovery in the future.
For the fiscal year ending March 2011, we plan to make no dividend payment for similar reasons.

As described in the “Notice on Action Plan for Reconstructing Corporate Base and Medium-term Management Plan,” dated May 28, 2010, by conducting various reforms we aim to post a current net income and distribute dividends again at an early stage of the medium-term management plan. This plan covers three fiscal years from the fiscal year ending March 31, 2011 through the fiscal year ending March 31, 2013.