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| [Translation] |
January 15, 2008 |
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| Notice Regarding Revision of Dividend-per-Share Forecast for Fiscal Year Ending March 31, 2008, in connection with Distribution of Commemorative Dividend |
The Company announces that the Company’s dividend per share forecast for the fiscal year ending March 31, 2008, announced on November 20, 2007, has been revised upwards as set forth below.
| 1. Reason for the revision |
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The Company has decided to establish Mitsui Sumitomo Insurance Group Holdings, Inc., a holding company, through a sole share transfer, subject to the approval of the shareholders’ meeting and approvals of the competent authorities, thereby strengthening the group’s management structure. The Company anticipates increasing the year-end dividend for the current fiscal year by adding a commemorative dividend of JPY 1 per share to the ordinary dividend of JPY 8 per share, to commemorate the establishment of the holding company and in gratitude for shareholders’ continuous support.
The amount of the dividend per share forecast for the fiscal year ending March 31, 2008, will, together with the interim dividend, be JPY 16 per share. |
| 2. Details of the revision |
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Interim |
Year-end |
For fiscal year |
Previous forecast
(announced November 20, 2007) |
¥7.00 per share |
¥8.00 per share |
¥15.00 per share |
Forecast as revised |
¥7.00 per share |
¥9.00 per share
(ordinary dividend ¥8.00 per share;
commemorative dividend ¥1.00 per share) |
¥16.00 per share
(ordinary dividend ¥15.00 per share;
commemorative dividend ¥1.00 per share) |
Reference:
Dividend per share paid for theprevious fiscal year |
¥6.00 per share |
¥8.00 per share |
¥14.00 per share |
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| - End - |
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| Note Regarding Forward-looking Statements |
| This document contains forward-looking statements that are based on the Company’s current expectations, assumptions, estimates and projections about its business, its industry and capital markets around the world. These forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “anticipate”, “estimate”, “plan” or similar words. These statements discuss future expectations, identify strategies, contain projections of results of operations or of the Company’s financial condition, or state other forward-looking information. Known and unknown risks, uncertainties and other factors could cause the actual results to differ materially from those contained in any forward-looking statement. The Company cannot promise that its expectations expressed in these forward-looking statements will turn out to be correct. The Company’s actual results could be materially different from and worse than those expectations. Important risks and factors that could cause the Company’s actual results to be materially different from its expectations include, but are not limited to; (1) economic downturn in Japan; (2) the extent of competition that the Company faces from Japan’s other major non-life insurance companies and new entrants in the Japanese non-life insurance market; (3) the extent of further deregulation of the Japanese insurance industry; (4) occurrence of natural disasters in Japan; (5) occurrence of losses the type or magnitude of which could not be foreseen by the Company at the time of writing the insurance policies covering such losses; (6) the price and availability of reinsurance; (7) the performance of the Company’s investments; and (8) the Company’s relationship with the other “Mitsui” and “Sumitomo” companies. |
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