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DISCO Announces a Dividend Payment for Fiscal Year 2016

DISCO Corporation. (hereafter the "Company") hereby announces that its Board of Directors resolved to pay a dividend from the retained earnings for the date of record on September 30, 2016 as follows.

Resolved Previous Forecast
(Announced on August 4, 2016)
Results of
the previous term
(FY2015)
Base date September 30, 2016 September 30, 2016 September 30, 2015
Dividend per share 83 yen 70 yen 85 yen
Total amount of dividend 2,970 millions of yen - 3,038 millions of yen
Effective date December 9, 2016 - December 10, 2015
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 Company intends to pay 83 yen per share as part of the interim dividend for the half ended September 30, 2016.

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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