This document has been translated for reference only from the original Japanese version. The Company gives no warranty with respect to its correctness.

Feb. 14, 2014

Takara Holdings Inc.


Notice Regarding Revision of Dividend Forecasts (Payment of Special Dividend)
for the Fiscal Year Ending March 31, 2014

Kyoto, Japan—Takara Holdings has announced that a resolution was made at meeting of the Board of Directors held on February 14, 2014, to revise forecasts for per share dividend payments for the fiscal year ending March 31, 2014, as follows.

1. Reason for revision of dividend forecasts
Regarding returns to shareholders, our basic policy is to maintain stable dividends while taking into account operating performance when deciding on dividends and share buybacks each year, which contribute to improving capital efficiency.
          In the fiscal year ending March 31, 2014, the Company sold a portion of its share holding in subsidiary Takara Bio Inc. (Tokyo Stock exchange Mothers; Securities code number: 4974), and consequently recorded extraordinary income (gain on sales of subsidiaries and affiliates’ stocks). This event was described in new releases issued on August 12 and 20 and September 12, 2013 (new releases available in Japanese only). In conjunction with this event, the Company considered the best use for the surplus funds based on a comprehensive evaluation of a variety of factors, such as future growth strategies. Through this process, it was decided that it would be best to return profits to shareholders to an extent that will not impede efforts to strengthen the Company's financial position, conduct future business investments, or implement of other measures. Accordingly, we decided to pay a special dividend of 2 yen per share together with the standard year-end dividend for the fiscal year ending March 31, 2014.

2. Details of revision

  Dividends per share (yen)
End of 1st
End of 2nd
End of 3rd
Fiscal year-end Total
Previous forecast
(Announced May 9, 2013)
9.00 9.00
Revised forecast Standard dividend: 9.00
Special dividend: 2.00
Total: 11.00
Standard dividend: 9.00
Special dividend: 2.00
Total: 11.00
Dividends paid in the fiscal year ending March 31, 2014  
Dividends paid in the fiscal year ended March 31, 2013 9.00 9.00