After the ex-dividend date, the price dropped 6%, which is a little more than the dividend yield.
Still, MFG is a good position to strenghten its position.
In a year, until fall 2013, MFG should be able to present 500-550B yen profit,
and the valuation should get close to 1.0 Price/Book and 10 P/E level.
I expect a target price of $5.0-$5.2 in 12 months.