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7
Nikon Corporation Annual Report 2010
The Instruments Company completed an
M&A in the fi scal year ended March 2010,
and it is possible that the Imaging Company
will also look to M&A in its bid to become a
comprehensive imaging manufacturer,
considering that the boundaries for the uses
of digital imaging are disappearing. There is
also potential for M&A in the Precision
Equipment Company if new business fi elds
should present themselves. I believe we can
discover further opportunities for growth
through a continual effort to expand not
only in our current operations, but also by
broadening our business domains.
What is Nikon’s policy regarding
shareholder returns?
Nikon’s basic policy regarding the distribution
of earnings is to expand investment in busi-
ness and technology development to ensure
future growth, take steps to enhance com-
petitiveness, and pay a steady dividend that
refl ects the perspective of shareholders, while
making continual adjustments to better
refl ect operating performance. In accordance
with this policy, we have set a target for a
total return ratio of 25% or more.
For the fi scal year ended March 2010, in line
with our basic stance of maintaining a stable
dividend, we reduced our year-end dividend
by ¥1.50 per share from the previous fi scal
year for a total of ¥4.00 per share, which
together with the interim dividend of ¥4.00
per share amounted to a full-year dividend of
¥8.00 per share. For the fi scal year ending
March 2011, Nikon plans to pay a full-year
dividend of ¥19.00 per share (including an
interim dividend of ¥5.00 per share).
Finally, what is your ambition as
president, and what message
would you give to shareholders
and investors?
I will devote my full effort to protecting the
Nikon brand established over many years, and
further enhancing its value. In doing so, I
believe it is important to focus on not only
improving our brand image, but also achiev-
ing continued growth as a company. I also
think that maintaining a will for reform is
necessary to realizing such growth. We will
continue to expand our business domains and
earnings base, and work to achieve a sturdy
corporate structure.
Cash Dividends
Years ended March 31
(Yen)
2006 2007 2008 2009 2010
0
10
5
20
15
30
25