Dividend Policy

The Company presents return on equity (ROE) as a key performance indicator (KPI) to achieve the enhancement of corporate value and aims to maintain or raise its level in the medium to long term.

Regarding the distribution of profits, the Company will pay dividends to its shareholders upon comprehensive consideration of its financial standing and level of ROE, while promoting investments that contribute to raising corporate value.

In addition, the Company will conduct various measures as required to improve its capital efficiency, including acquisition/cancellation of treasury shares, to meet the expectations of its shareholders.

In the remaining two fiscal years (the fiscal year ending March 31, 2023 and the fiscal year ending March 31, 2024) of the 2023 mid-term management plan, the Company will conduct the distribution of dividends aimed at achieving the consolidated payout ratio of 100% to curtail further any increase of equity capital and raise its ROE.

Shareholder Benefits

NITTO KOGYO does not provide preferential treatment to shareholders.