Annual Report 2012


>> P.13

WHATSPECIALMESSAGEWOULDYOULIKETOGIVESHAREHOLDERSANDINVESTORS?THE“K”LINEGROUPWILLSTRIVETOMEETTHEEXPECTATIONSOFOURSHAREHOLDERS,INVESTORSANDOTHERSTAKEHOLDERSBYVIGOROUSLYIMPLEMENTINGTHEMEASURESSETFORTHINTHENEW“K”LINEVISION100:BRIDGETOTHEFUTUREMEDIUM-TERMMANAGEMENTPLANANDENHANCINGCORPORATEVALUE.WITHREGARDTOPROfiTDISTRIBUTION,“K”LINEHASMADEITANIMPORTANTMANAGEMENTPRIORITYTOMAXIMIZESHAREHOLDERRETURNSWHILETAKINGINTOCONSIDERATIONTHENEEDTOSECUREINTERNALRESERVESNECESSARYFORCAPITALINVESTMENTFORSUSTAINABLEGROWTHANDMAINTENANCEOFASOUNDfiNANCIALPOSITION,KEYPRIORITIESINTHEMANAGEMENTPLAN.OURPOLICYISTOGRADUALLYINCREASETHECONSOLIDATEDDIVIDENDPAYOUTRATIOTOAMID-2010STARGETOF30%.WEHAVENOTMADEADECISIONONTHEDIVIDENDFORfiSCAL2012ATTHISTIME.WEWILLMAKEAFURTHERANNOUNCEMENTABOUTTHEDIVIDENDONCEWEHAVEDETERMINEDTHATAFORECASTISPOSSIBLE,TAKINGINTOCONSIDERATIONFACTORSSUCHASTHEOUTLOOKFORTHEFULLYEARANDTHEfiNANCIALSITUATION.WITHTHEASSISTANCEOFOURSTAKEHOLDERS,THE“K”LINEGROUPWILLMOUNTANALL-OUTEFFORTTOERECTABRIDGETOTHEFUTURE.IASKFORTHECONTINUEDSUPPORTANDENCOURAGEMENTOFOURSHAREHOLDERSANDINVESTORSINTHECOMINGYEARS.PRESIDENTANDCEOJIROASAKURAQUESTION7ANSWER13ANNUALREPORT2012


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