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Information on modification of dividend amount for the year ended March 31,2003

Apr. 24, 2003

 
Dear Sirs,

Company Name : Iino Kaiun Kaisha, Ltd.
Representative Name : President Takeo Ohta
(Code No. 9119 of First Section of Tokyo Stock Exchange)
Inquiries : Finance & Accounting group manager Kazuo Kawahara
(TEL +81-3-3506-3180)
Announcement of adjustment of expected dividends for fiscal 2003 (112th business year)
At a meeting of the board of directors on April 24, 2003, the company resolved to adjust the expected dividend per share for the end of the fiscal year 2003 ending in March (the 112th period).
Notice
1.The reason for the adjustment of the expected dividend
The expected dividend per share for the end of the fiscal year 2003 ending in March was 5 yen. However, in appreciation of our shareholders' support, and based on the business prospects for this fiscal year, the future development of our business, internal reserves, and other factors, the dividend will be increased by 1 yen. This dividend increase must be approved through a resolution at the regular shareholders' meeting, which is scheduled for June 27, 2003.
2. Content of Adjustment
  Interim Final Total
Projected for FY02 (on November 15, 2002) - Yen 5.00 Yen 5.00 Yen
Adjusted Expectation for FY03 - Yen 6.00 Yen 6.00 Yen
(Reference) Actual dividend paid per share for FY02
- Yen 5.00 Yen 5.00 Yen
 
 
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