Distribution of profits

Pursuing stable increase in dividend levels while paying attention to the balance with prior investment

Stably raising our dividend levels and performing prior investment to ensure that the Group is able to continue growing and that shareholders obtain incomes in the future: these are the two actions we intend to take in a well-balanced manner. In addition, while paying attention to results and cash flow levels, we intend to acquire treasury stock and increase our capital efficiency. We are also incorporating provisions in the articles of association that will make it possible for us to distribute surplus funds on the basis of resolutions of the board of directors.

In line with this policy, we have decided this year to increase our year-end dividend to 36 yen per share and to increase the annual dividend by 20 yen over last year to 60 yen per share in line with the interim dividend per share of 24 yen issued in November last year. In addition, we have acquired 4.24 million of our own stock with a total value of ¥19.3 billion.

State of dividends

Fiscal year	2003	2004	2005	2006	2007
Interim dividend per share (yen)	6.5	8.0	10.0	13.0	16.0
Year-end divided per share (yen)	8.5	10.0	14.0	19.0	24.0

• Stock Information can be accessed from here.
• IR materials can be accessed here.

Dialogue with shareholders and investors

Regular and constant dialogue at general meetings of shareholders and explanatory meetings held by the company for the benefit of investors

With the intention of enabling as many shareholders as possible to attend general meetings of shareholders, at AISIN we hold our shareholders’ meetings as early as possible, thus avoiding dates on which many other companies hold their shareholders' meetings.

For the benefit of private investors, we hold explanatory meetings around once a month at investors’ fairs organized by stock exchanges and securities companies. We also hold explanatory meetings for analysts and institutional investors following the announcement of results four times a year after each quarter, and we respond whenever necessary to private inquiries. For the benefit of institutional investors overseas, we hold explanatory meetings once a year at various locations in Europe, North America and Asia.

The opinions and requests we receive on the occasion of these dialogues are fed back as far as possible into our business activities.

• Details of the 85_th General Meeting of Shareholders held on June 20, 2008 can be accessed from here.

Policies aimed at bringing together the interests of management and the company

Adoption of a stock option system based on the share warrant method aimed at directors and standing auditors

With the aim of bringing together the interests of management and the company and of promoting business activities that are intended to maximize the value of the company, we have adopted a stock option system based on the share warrant method aimed at the directors and standing auditors of AISIN affiliates.