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May 12, 2014

DISCO Announces a Dividend Payment for Fiscal Year 2013

DISCO Corporation(hereafter "the Company") today announced that its Board of Directors adopted a resolution on the dividend payment from its retained earnings to shareholders of record as of March 31, 2014.

1. Dividend payment

Resolved Previous Forecast
(Announced on November 7, 2013)
Results of
the previous term
(FY2012)
Base date March 31, 2014 March 31, 2014 March 31, 2013
Dividend per share 40 yen 32 yen 16 yen
Total amount of dividend 1,356 millions of yen - 539 millions of yen
Effective date June 25, 2014 - June 26, 2013
Source of dividend Earned surplus - Earned surplus

2. Reason

To improve the transparency of the Company's stance prioritizing the return of profits to shareholders, the dividend payout ratio is set at 25% of consolidated net income for each half year period.
Based on the above policy, the year-end dividend to shareholders of record as ofMarch 31, 2014 will be 40yen per share.
This proposal will be made at meeting of the 75th ordinary general meeting of shareholders to be held on June 24, 2014.

Dividend Policy
Adopting a performance–linked dividend policy and aiming at giving clearer priority to shareholder returns, our target dividend payout ratio is 25% of the consolidated half-yearly net income.
There will be interim and final dividends, each of which will be equivalent to 25% of the half-yearly consolidated net income.
Irrespective of the level of income, we will maintain a reliable dividend of ¥10 per half-year.This means that the minimum yearly dividend will be ¥20.The ¥20 payout stipulated in our stable dividend policy may be reviewed if there are consolidated net losses in three consecutive years.
Except when there is a loss, if the year-end balance of cash and deposits after payment of dividends and income taxes is greater than projected funding requirements for the acquisition of technology resources (such as through patent purchases and investment in venture businesses, facility expansion, the retirement of interest-bearing debt and other purposes), one-third of that surplus will be added to dividends.

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