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Resona Pays First Dividends after Nationalization

5, 01. 2006

Resona Holdings Inc. announced on Apr. 28 to restore its per-share dividend of 1,000 yen for fiscal 2005. The banking group is to pay the first dividends after it was virtually nationalized in 2003.

The decision comes after Resona upgraded its consolidated earnings estimates for 2004-2005 fiscal year, revising its net profit to 370 billion yen. This is a 37% increase from the previous forecast of November 2005.

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