Profit Distribution Policy and Information for Shareholders

1. Basic Policy on Dividends

Returning profits to shareholders is an important management priority for the Bank of Yokohama. In the year ended March 31, 2005, the Bank introduced a performance-based dividend policy, while adhering to the concept of a stable dividend. Specifically, the Bank will pay an Ordinary Dividend, stably paid regardless of business results, and a Special Dividend, which is linked to business results.

• (i)Ordinary Dividend
  10 yen per share per annum is to be paid out stably regardless of business results. 5 yen is to be paid out as an Interim Dividend, and the other 5 yen is to be paid out as an End of the Term Dividend.
• (ii)Special Dividend
  The Special Dividend is paid in any year in which the Bank’s net income exceeds ¥60 billion yen. From the year ending March 31, 2008, the amount allocated for this portion will be equivalent to 35% of the amount exceeding ¥60 billion in net income.

2. Returning Profits to Shareholders, Including Repurchase of Own Shares

In the year ended March 31, 2009, the Bank repurchased approximately ¥5.8 billion worth of its own shares （common stock） from the market. The Bank will continue to proactively return profits to shareholders. Under its medium-term management plan, “New Horizon,” which covers the period from April 2007 to March 2010, the Bank is planning to return at least 40% of the net income to shareholders each year, by means of dividend payments and repurchasing of its own shares.

• Notice of Execution of the Dividend Payment for the Term ended March 31, 2009 And Dividend Policy for FY2009 (May. 13,2009) (79KB)

Year Ended	March 31, 2005	March 31, 2006	March 31, 2007	March 31, 2008	March 31, 2009	March 31, 2010 （Forecast）
Annual dividend per share	¥8.50	¥9.00	¥10.00	¥11.50	¥10.00	¥10.00
Interim dividend per share	‐	‐	¥3.50	¥5.00	¥5.00	¥5.00
Term-end dividend per share	¥8.50	¥9.00	¥6.50	¥6.50	¥5.00	¥5.00
Payout ratio（Note）	20.84%	20.98%	21.10%	23.70%	157.13%	61.81%

• Note1: This ratio is calculated by dividing the total dividend payment by non-consolidated net income.
• Note2: The figures for FY2009 （Forecast） is calculated on condition that the Bank achieves its officially forecasted Net Income for FY2009. （Non-consolidated）

FY2009

• Notice of Retirement of Own Shares（Mar. 25, 2009）（45KB）

FY2008

• Notice of the Results of Repurchase of Own Shares (Repurchase of Own Shares, as defined under Article 156, section 1 of the Corporation Law, pursuant to the provisions contained in the Articles of Incorporation established under Article 459, section 1, paragraph 1 of the same Law)（Sep. 24, 2008）（74KB）
• Notice of the Results of Repurchase of Own Shares (Repurchase of Own Shares, as defined under Article 156,section 1 of the Corporation Law, pursuant to the provisions contained in the Articles of Incorporation established under Article 459, section 1, paragraph 1 of the same Law）（Sep. 2, 2008）（74KB）
• Notice of Repurchase of Own Shares （Repurchase of Own Shares, as defined under Article 156, section 1 of the Corporation Law, pursuant to the provisions contained in the Articles of Incorporation established under Article 459, section 1, paragraph 1 of the same Law）（Jul. 30, 2008）（70KB）
• Notice of Retirement of Own Shares（Mar. 26, 2008）（45KB）

FY2007

• Notice of the Results of Repurchase of Own Shares（Repurchase of Own Shares, as defined under Article 156, section 1 of the Corporation Law, pursuant to the provisions contained in the Articles of Incorporation established under Article 459, section 1, paragraph 1 of the same Law）（Sep. 10, 2007）（13KB）
• Notice of the Results of Repurchase of Own Shares（Repurchase of Own Shares, as defined under Article 156, section 1 of the Corporation Law, pursuant to the provisions contained in the Articles of Incorporation established under Article 459, section 1, paragraph 1 of the same Law）（Sep. 3, 2007）（12KB）
• Notice of Repurchase of Own Shares （Repurchase of Own Shares, as defined under Article 156, section 1 of the Corporation Law, pursuant to the provisions contained in the Articles of Incorporation established under Article 459, section 1, paragraph 1 of the same Law）（Jul. 27, 2007）（13KB）
• Notice of Retirement of Own Shares（Mar. 26, 2007）（9KB）

FY2006

• Notice of the Results of Repurchase of Own Shares（Repurchase of Own Shares, as defined under Article 156, section 1 of the Corporation Law, pursuant to the provisions contained in the Articles of Incorporation established under Article 459, section 1, paragraph 1 of the same Law）（Dec. 14, 2006）（10KB）
• Notice of the Results of Repurchase of Own Shares （Repurchase of Own Shares, as defined under Article 156, section 1 of the Corporation Law, pursuant to the provisions contained in the Articles of Incorporation established under Article 459, section 1, paragraph 1 of the same Law）（Jul. 18, 2006）（12KB）
• Notice of Repurchase of Own Shares （Repurchase of Own Shares, as defined under Article 156, section 1 of the Corporation Law, pursuant to the provisions contained in the Articles of Incorporation established under Article 459, section 1, paragraph 1 of the same Law）（Jul. 3, 2006）（12KB）
• Notice of Retirement of Own Shares（Mar. 24, 2006）（9KB）

FY2005

• Notice regarding results of Repurchase of Own Shares through ToSTNeT-2 （Dec. 20, 2005）（32KB）
• Notice of Repurchase of Own Shares through ToSTNeT-2 （Dec. 19, 2005）（32KB）
• Notice of Repurchase of Own Shares （Repurchase of Own Shares under Article 211-3, paragraph 1, item 2 of the Commercial Code） （Sep. 21, 2005）（32KB）
• Notice of Repurchase of Stock （Repurchase of stock under Article 211-3, paragraph 1,item 2 of the Commercial Code）（Aug. 26, 2005）（34KB）
• Notice of Repurchase of Stock.（Repurchase of stock under Article 211-3,paragraph1,item 2 of the Commercial Code）（Feb. 28, 2005）（10KB）