Subsequent Event

3 Months Ended

Apr. 30, 2011

12.

SUBSEQUENT EVENTS

In May 2011, the Company entered into a ¥4,000,000,000 ($49,240,000 at issuance) one-year uncommitted credit facility. Borrowings may be made on one-, three- or 12-month terms bearing interest at the LIBOR rate plus 0.25%, subject to bank approval. The Company borrowed the full amount under the facility.

On May 19, 2011, the Company’s Board of Directors declared a 16% increase in the quarterly dividend rate on its Common Stock, increasing it from $0.25 per share to $0.29 per share. This dividend will be paid on July 11, 2011 to stockholders of record on June 20, 2011.

- Definition

Tabular disclosure of significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, losses resulting from fire or flood, losses on receivables, significant realized and unrealized gains and losses that result from changes in quoted market prices of securities, declines in market prices of inventory, changes in authorized or issued debt (SEC), significant foreign exchange rate changes, substantial loans to insiders or affiliates, significant long-term investments, and substantial dividends not in the ordinary course of business.

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