Note 1-2
- Japanese version
- English version
2 However, according to "The State of the Return of Profits to Shareholders in FY2004" by the Life Insurance Association of Japan, the dividend payout ratio (dividend / profit after taxes) of Japanese companies, excluding companies in deficit, is at a lower level than in the US (the consolidated payout ratio in FY2003 was 21% for Japan, 33% for the US).