Sharp considers distributing profits to shareholders to be one of management’s top priorities. We will determine dividends based on an overall consideration of our consolidated business performance, financial situation and future business development, while maintaining our basic policy of stable dividend pay-outs.

It is our fundamental policy to pay two dividends annually, an interim and year-end dividend. The decision regarding the payment of the interim dividend is the responsibility of our Board of Directors, while the decision regarding the year-end dividend is made by the general meeting of shareholders.

Internal reserve funds are being provided for investment in plant and equipment in areas of future growth, for development of uniquely featured products and proprietary electronic devices. They are also being provided for overseas business expansion and environmental protection measures.

Sharp has included in its Articles of Incorporation the right to declare an interim dividend, as prescribed in Article 454, Paragraph 5 of the Corporation Law of Japan, based on a decision by the Board of Directors and with September 30 as the date of record.