Return to Shareholders

Eisai recognizes that efforts to gain shareholder confidence and the implementation of measures that respond to shareholder expectations are management's highest priority.

Eisai's dividend policy emphasizes the continuous and stable distribution of dividends, comprehensively considering the consolidated financial performance, DOE and cash income. The annual dividend for the fiscal year 2010 was 150 yen per share, the same as the previous fiscal year with DOE of 10.4%.

As for fiscal year 2011, in addition to dividend policy, we will return approximately one-third of cash income (#), index for cash generating ability, as dividends and the rest are used for borrowing repayment and strategic investments for the future growth. Based on the aforementioned dividend policy, annual dividends for fiscal year 2011 are expected to be 150 yen per share, the same as this fiscal year.

We are achieving sustainable growth and returning free cash flow to shareholders as a result, based on the common values that we share with our shareholders. At the same time, through IR programs, we are doing all that we can to proactively disclose corporate information, create greater transparency in our operations, and increase shareholder value.

#Cash income:Total amount of cash available for investments for growth, business development, dividend payment, and debt repayment, etc; cash generating capability.

Cash income = Net Income/Loss + Amortization of Tangible/Intangible Assets + IPR&D Expenses + Amortization of Goodwill + Impairment Loss (including loss on devaluation of investment securities)