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Stock Dividends

Dividend Policy

To achieve our aggressive long-term growth targets and increase XEBIO's corporate value, returning earnings to our shareholders is one of our most important management issues.
Our basic policy is to establish sound long-term management base that appropriately returns profits to our shareholders, while improving our internal reserves at the same time.

We are predicting a total dividend of 30 yen (interim and year-end dividend of 15 yen each) for the year ending in March 2009.

Internal Reserves

To overcome the increasingly competitive business climate and attain stable long-term growth and financial strength, XEBIO is committed to:

1) invest in building new stores, renovating and expanding existing retail outlets, and expanding retail space
2) invest in developing new products to accurately meet diverse consumer demands
3) invest in information systems to increase management efficiency

We are doing everything in our power to grow and expand a stable management base.

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