Revision of Dividend Forecasts Upward
for the Fiscal Year Ended March 31,2006
for the Fiscal Year Ended March 31,2006
January 27, 2006
Nomura Research Institute, Ltd.
Nomura Research Institute, Ltd.
The board of directors of Nomura Research Institute,Ltd.(NRI) resolved today to increase the dividend as follows.
1. Reasons for Dividend Increase
NRI's basic policy (on profit distribution) is to provide appropriate and stable dividends, taking into consideration the enhancement of internal reserves to ensure long-term business growth. The target of dividend payout ratio is 30%, taking into consideration the business profit levels and the status of cash flow.
Taking into consideration the profit levels and the status of cash flow, the forecast of end of term dividend is revised 90 Yen per share as detailed below. The forecast of annual total dividend per share is 140 Yen, including the interim dividend already paid.
The fiscal year dividend needs a resolution at an ordinary general meeting of shareholders on June, 2006.
1. Reasons for Dividend Increase
NRI's basic policy (on profit distribution) is to provide appropriate and stable dividends, taking into consideration the enhancement of internal reserves to ensure long-term business growth. The target of dividend payout ratio is 30%, taking into consideration the business profit levels and the status of cash flow.
Taking into consideration the profit levels and the status of cash flow, the forecast of end of term dividend is revised 90 Yen per share as detailed below. The forecast of annual total dividend per share is 140 Yen, including the interim dividend already paid.
The fiscal year dividend needs a resolution at an ordinary general meeting of shareholders on June, 2006.
| 2. Dividend per share for the fiscal year ended March 31, 2006(41th term) | (Unit: Yen) |
| 1st Half | Fiscal Year | Annual Total | |
| Previous forecast | 50.00 | 80.00 | 130.00 |
| Revised forecast | 50.00 | 90.00 | 140.00 |
| Reference:Dividend for previous year(Year ended March 31,2005) | 20.00 | 80.00 | 100.00 |
(Note)
| 1. | Dividend per share is on the assumption of business environment and business results forecast. |
| 2. | Dividend payout ratio estimates 28.1%.(based on revised financial results forecast of FY Mar.2006) |
[For general inquiries, please contact:]
Shin Ueoka, Investor Relations Department
Tel: +81-3-5533-3910
E-mail: ir@nri.co.jp
To List of Press Releases
Shin Ueoka, Investor Relations Department
Tel: +81-3-5533-3910
E-mail: ir@nri.co.jp
To List of Press Releases
Copyright(c) 2006 Nomura Research Institute, Ltd. All rights reserved.
No reproduction or republication without written permission.
No reproduction or republication without written permission.