NISHIKAWA RUBBER CO.,LTD.
5161・Standard Market・Rubber Products
Governance
Structured as a company with an audit and supervisory committee, comprising 8 directors (including 4 outside directors). A Director and Executive Officer Nomination and Compensation Council (an advisory body handling nomination and compensation functions) has been established, with the chairperson selected from among the outside directors. The ESG Promotion Committee, Risk Management Committee, and Group Compliance Committee are positioned directly under the Board of Directors to strengthen oversight functions and expedite decision-making.
Risk Management
Under the Risk Management Regulations, the Risk Management Committee (held monthly) oversees risks across the entire Group and reports regularly to the Board of Directors. Sustainability risks are assessed and managed by the ESG Promotion Committee, and the company also formulates business continuity plans (BCPs) and conducts regular reviews and evaluations of the status of risk management by the Internal Audit Office.
Shareholder Returns
Continuing a dividend policy based on a DOE of approximately 8%. For FY2026 (ending March 2026), the annual dividend per share is ¥183 (interim ¥91 + year-end ¥92), with total dividends of ¥6,634 million and a payout ratio of 62.3%. The FY2027 (ending March 2027) forecast is ¥184 (payout ratio of 102.6%). Share buybacks covering 6% of total shares issued (the initial target) have already been completed.
Dividend Policy
The basic policy is to implement stable profit distribution by targeting a consolidated dividend on equity (DOE) of approximately 8% annually, through interim and year-end dividends paid twice a year. The company has set a shareholder return policy to repurchase 6% of total shares issued over six years starting from FY2026 (ending March 2026), and the initial 6% target has already been completed. The policy is to proceed with the sale of cross-shareholdings on a scale of ¥100 million by FY2028 (ending March 2028), allocating the resulting funds to growth investment and shareholder returns.
ESG
Promotes ESG management centered on the ESG Promotion Committee (held quarterly) and the Environmental, Social, and Governance subcommittees (held monthly). As part of its climate change response, the company has set CO2 emission reduction targets and is promoting weight reduction and the introduction of renewable energy. In terms of human capital, the company has set non-financial KPIs such as a female manager ratio of 15% (FY2030 target) and a work engagement score of 69% or higher, and is working on promoting diversity, developing human resources, and securing DX talent.
Last updated: June 24, 2026