News Release

Aug. 05, 2008

Tsumura Revises Dividend Forecast for Fiscal Year Ending March 2009 (73rd Term)

Tsumura & Co. (Headquarters: Tokyo, President: Junichi Yoshii) is pleased to announce that a meeting of the Board of Directors held today adopted a resolution to revise upward the dividend per share for the term ending March 2009 (73rd term). Details are as follows:

1. Reason for the revision
Considering that Kampo formulation for prescriptions, our mainstay, continued to perform well in the results in the first quarter of the fiscal year ending March 2009, announced on August 5, 2008, Tsumura has decided to revise upward the interim dividend and year-end dividend of the fiscal year ending March 2009, from the estimated dividend of ¥13.00, to ¥17.00, an increase of ¥4.00. As a result, the annual dividend for the fiscal year ending March 2009 has been raised ¥8.00, to ¥34.00, from the estimated dividend of ¥26.00.

2. Dividends for the fiscal year ending March 2009 (from April 1, 2008 to March 31, 2009)

  Dividend per share
At end of the second quarter At end of the fiscal year Annual dividend
Previous forecast
(May 14, 2008)
¥13.00 ¥13.00 ¥26.00
Revised forecast ¥17.00 ¥17.00 ¥34.00
Results for previous year
(ended March 2008)
¥10.00 ¥13.00 ¥23.00