Our basic policy for profit sharing is to ensure dividends are in line with consolidated operating results. We also give consideration to the need to ensure financial soundness and our ability to maintain stable dividend payments over the medium to long term.

For the foreseeable future, cash reserves will be applied to business restructuring measures aimed at restoring Teijin's competitive edge. Over the medium to long term, cash reserves will be applied to advance investments aimed at enhancing and expanding sales, R&D and production organizations.