Pentax 2011 Annual Report Download - page 23

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Please find page 23 of the 2011 Pentax annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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Stock Price Data
Dividends
Hoya determines dividends for each fiscal year by taking into account the Company's
performance and medium- and long-term capital requirements. It also tries to strike a balance
between returning profits to shareholders, employee welfare benefits, and supplementing
internal reserves to fund future growth. Hoya's policy regarding internal reserves is to continue to
actively appropriate resources for marketing for consumer products, primarily in the medical
field, while also making timely investments in corporate mergers and acquisitions and R&D for
future growth, as well as investing to ensure sufficient production capacity and to develop next-
generation technologies and new products.
In the fiscal year under review, after balancing the need for internal reserves for future growth,