Nihon Dengi Co., Ltd.
1723・Standard Market・Construction
Governance
The company has adopted the structure of a company with an audit and supervisory committee (7 directors, including 3 outside directors serving as audit and supervisory committee members). A voluntary nomination and compensation committee has been established, composed of all independent outside directors and the President and Representative Director, aiming to separate oversight from execution and ensure the independence of the Board of Directors.
Risk Management
The Risk Management Committee, chaired by the President and Representative Director, convenes semi-annually to identify overall business risks—including climate change risk and HR-related risk—assess their financial impact, and deliberate response measures. The deliberation outcomes are reported to the Board of Directors on a regular basis, and a framework has been established to share information with the Sustainability Committee as well.
Shareholder Returns
Annual dividend for FY2026 (ending March 2026) is ¥160 per share (interim ¥61 + year-end ¥99), total dividends of ¥2,574 million, payout ratio of 30.2%, and DOE (dividend on equity) of 5.9%. For FY2027 (ending March 2027), on a post-stock-split basis (1-for-4 split), the forecast annual dividend is ¥56 (interim ¥20 + year-end ¥36), with a payout ratio of 41.0%.
Dividend Policy
Dividends are paid twice a year, as an interim dividend and a year-end dividend. The company continues to pay dividends at a level that maintains a DOE (dividend on equity ratio) of over 5%. Effective April 1, 2026, a 4-for-1 stock split was implemented for common shares, and the forecast dividend for FY2027 (ending March 2027) is ¥56 per year on a post-split basis (an increase of ¥16 year-on-year). No explicit payout ratio target has been disclosed, but the actual payout ratio for FY2026 (ending March 2026) was 30.2%, and the forecast for FY2027 (ending March 2027) is 41.0%.
ESG
The company conducted scenario analysis in line with TCFD and obtained SBT certification in May 2026. It has set CO2 reduction targets for FY2031 (ending March 2031) of -42% for Scope 1 and 2 and -25% for Scope 3. In human capital management, the company is promoting sustainability management through E, S, and G working groups, including achieving a 100% paternity leave take-up rate among male employees and strengthening talent development through the "Denki Academy".
Last updated: June 25, 2026