What is NEC Electronics policy regarding payment of dividends?
• NEC Electronics distributes part of its earnings to shareholders in the form of dividends, while appropriating retained earnings for the researchand development of new products and capital expenditures, and maintaining a durable financial structure capable of generating high earnings to maximize enterprise value. For each dividend period, payment determinations are made with consideration of consolidated and non-consolidated income surplus, consolidated income, forecast for income for the next period, and cash flow status. Although the company anticipates an improvement in year-on-year financial performance for the fiscal year ending March 31, 2007, it expects to record net losses on a consolidated basis. As such, the company has decided to forgo mid-year dividend payments, and plans to forgo year-end dividend payments for this fiscal year, but is working aggressively toward improving results so that dividend payments can be reinstated at the earliest possible date.
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