Brother International 2008 Annual Report Download - page 44

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42 Brother Annual Report 2008
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Brother Industries, Ltd. and Consolidated Subsidiaries
For the Years ended March 31, 2008 and 2007
17. Subsequent Events
a. Appropriations of Retained Earnings
The following appropriations of retained earnings at March 31, 2008 were approved at the Company's board of
directors’ meeting held on May 16, 2008:
Thousands of
Millions of Yen U.S. Dollars
Year-end cash dividends of ¥11 ($0.110) per share ¥ 3,039 $ 30,390
b. Acquisition of treasury stock
On March 27, 2008, the Company's board of directors resolved to purchase up to ¥10,000 million ($100,000 thou-
sand) and 8,000 thousand shares of its common stock during the period from March 28, 2008 to June 13, 2008.
According to the resolution of the Company's board of directors, the Company purchased 7,486 thousand shares of
its common stock for ¥10,000 million ($100,000 thousand) by June 13, 2008.