January 31, 2007
|
Revision of Dividend Forecast for the Fiscal Year Ended December 31, 2006
At the company board meeting held on January 31, 2007 Tokai Carbon Co., Ltd. ("the Company") resolved to revise its per-share dividend forecast for the fiscal year ended December 31, 2006 as detailed below.
We intend to discuss this matter at the 145th annual general meeting of shareholders scheduled to be held in late March 2007.
Details
| 1. | Reason for Revision of Dividend Forecast | ||||||||||||||||||||||||
The Company's dividend policy takes into consideration the stable distribution of dividends, enhancement of internal reserves, and foreseeable cash flow requirements, with dividends being determined based on the Company's earnings position viewed over the medium term. On the basis of this policy, and considering the sound performance for the fiscal year ended December 2006, the Company has resolved to upwardly revise its forecast for the year-end dividend from ¥3 to ¥4 per share in order to reward shareholders for their continued support. |
|||||||||||||||||||||||||
 |
|||||||||||||||||||||||||
| 2. | Details of Revision
|
||||||||||||||||||||||||
