Epson 2013 Annual Report Download - page 67

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The assumptions used for the actuarial computation of the retirement benefit obligations for the years ended
March 31, 2012 and 2013, were primarily as follows:
Year ended March 31
2012 2013
Discount rate 2.5% 1.7%
Long-term rate of return on plan assets 3.2 2.5
12. Net assets
The Japanese Companies Act stipulates that an amount equal to 10% of dividends shall be distributed as
additional paid-in capital or legal reserve on the date of distribution until an aggregated amount of
additional paid-in capital and legal reserve equals 25% of common stock.
Under the Japanese Companies Act, distributions can be made at any time by resolution of the shareholders,
or by the board of directors if certain conditions are met.
Under the Japanese Companies Act, the distributions of retained earnings for a fiscal year is made by
resolution of shareholders at a general meeting to be held within three months after the balance sheet date,
and accordingly such distributions are recorded at the time of resolution.
The Company paid the following cash dividends of retained earnings to its registered shareholders at the
ends of the fiscal year and interim periods during the years ended March 31, 2012 and 2013:
Thousands of
U.S. dollars U.S. dollars
Year ended
March 31,
Year ended
March 31,
2012 2013 2013 2012 2013 2013
Year-end ¥10.00 ¥13.00 $0.13 ¥1,997 ¥2,325 $24,720
Interim ¥13.00 ¥13.00 $0.13 ¥2,588 ¥2,325 $24,720
Total ¥23.00 ¥26.00 $0.26 ¥4,586 ¥4,651 $49,452
Year ended March 31Year ended March 31
Millions of yen
Cash dividends per share
Yen
Cash dividends
The effective dates of the distribution for year-end and interim cash dividends, which were paid during the
year ended March 31, 2012, were June 21, 2011, and December 2, 2011, respectively. The effective dates of
the distribution for year-end and interim cash dividends, which were paid during the year ended March 31,
2013, were June 21, 2012, and December 7, 2012, respectively.
The proposed cash dividends of retained earnings of the Company for the year ended March 31, 2013,
approved at the general shareholders’ meeting, which was held on June 24, 2013, were as follows:
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