Alpine 2008 Annual Report Download - page 2

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We have positioned return of profi t to stockholders as
our primary focus for management. Based on our policy
for stable dividends, Alpine has maintained dividends at
the previous year’s level of ¥25 per stock.
Message from the President
Consolidated fi scal year ended March 31, 2008, featured a slowdown in the North American economy and a shift
of demand to small and medium-size cars for new vehicles. In addition, Alpine’s major customers implemented
model changes. As a result, Alpine posted decline in sales and profi ts compared to the previous year.
Business Results for the Fiscal Year
Returning Profi t to Stockholders
Note: Amounts of less than one yen have been truncated.
Dividends (Fiscal Year Ended March 31)
（Yen）
2001
5
10
15
20
25
2002 2003 2004 2005 2006 2007 2008
（Current Term）
10
12.5
17.5 17.5
20 20
25 25
Dear
Stockholders,
Seizo Ishiguro
President & CEO
2