Dividends

Dividend Policy

NICHIAS sees the feeding of profits back to its shareholders fairly over the long term as an important management issue and places importance on continuing to pay out stable dividends. To further clarify and enhance its stance of feeding back profits to shareholders, from the second quarter of the fiscal year ending March 31, 2023, NICHIAS made it its basic policy to aim for a DOE^*1 of 3.5% or more and to continue to pay progressive dividends^*2 during its current Medium-Term Management Plan.

*1 DOE: dividend on equity ratio = total dividends ÷ shareholders’ equity
*2 Progressive dividends: A dividend policy that maintains dividends without them decreasing, or increases dividends in line with profit growth

Dividends Over Time