Dividend Policy and Dividend

Dividend policy

Under “Brand-new Deal 2014,” we will maintain the same dividend policy as during the previous medium-term management plan: a dividend payout ratio of approximately 20% on Net income attributable to ITOCHU up to ¥200.0 billion, and a dividend payout ratio of approximately 30% on the portion of Net income attributable to ITOCHU exceeding ¥200.0 billion.

Distribution of the current fiscal year's profit

ITOCHU plans to pay dividend of 40 yen per share for the fiscal year ended March 31, 2013 (an interim dividend of 20 yen per share was already paid).
For the fiscal year ending March 31, 2014, ITOCHU plans to pay full-year dividend of 42 yen per share which is increased by 2 yen, comprising an interim dividend of 21 yen per share and a year-end dividend of 21 yen per share.
Please refer to Consolidated Financial Statements (495KB) for further details.

Fiscal Year	2008	2009	2010	2011	2012	2013 (Planned)	2014 (Planned)
(Annual Total)	¥18.0	¥18.5	¥15.0	¥18.0	¥44.0	¥40.0	¥42.0
Interim	¥8.5	¥10.5	¥7.5	¥9.0	¥16.5	¥20.0	¥21.0
Year-end	¥9.5	¥8.0	¥7.5	¥9.0	¥27.5	¥20.0	¥21.0