To whom it may concern
January 29, 2013
Yahoo Japan Corporation
Manabu Miyasaka, President & CEO Stock code: 4689
Notification of Revision in Forecast Cash Dividend for Fiscal Year
Ending March 31, 2013 (18th Term)
Yahoo Japan Corporation announced that the Company decided to revise its forecast cash dividend as follows.
1. Purpose of the Revision
Based on the business performance forecast for the full fiscal year also announced today, the Company is revising its cash dividend forecast.
Yahoo Japan Corporation strives to earn a steady profit each accounting period with a view to accumulating internal reserves for the purpose of strengthening its corporate structure and business development, while at the same time flexibly returning profits to shareholders based on performance. For the period under review, the Company expects to produce a greater capital surplus than normal. Moreover, the Company forecasts that even after achieving internal reserves equivalent to the investment funds necessary for future growth, it will be possible to increase the dividend payout ratio. In consideration of these circumstances, the Company has set a target of approximately 20% of consolidated net income as its forecast for dividends for the fiscal year ending March 2013.