Dividends

Dividend Policy

The NICHIAS Group will endeavor to enhance its management foundations to increase its profitability and at the same time strive to feed profits back to its shareholders fairly over a long period through increasing its corporate value. Under this fundamental policy, NICHIAS has increased the dividends it pays out for 16 years in a row since 2009. 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 fiscal year ending March 31, 2026, NICHIAS made it its basic policy to aim for a DOE^*1 of 5.0% 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