NICHIRIN CO.,LTD.
5184・Standard Market・Rubber Products
Governance
Company with a Board of Corporate Auditors (auditor system). The Board of Directors consists of 8 members (3 outside directors, an outside ratio of 37.5%), and an executive officer system has been introduced. A Nomination and Compensation Committee (with outside directors constituting a majority of its members) has been established as a voluntary advisory body to the Board of Directors, ensuring transparency in management and prompt decision-making.
Risk Management
Risks related to quality, environment, safety, information security, and other areas are managed—including monitoring—by dedicated specialized committees. Response procedures for information system failures are set out in the "Information Security Manual," while those for natural disasters and other emergencies are defined in the "Crisis Management Manual." The Group promotes risk management across the entire organization through a multi-layered committee structure comprising the Compliance Committee, Internal Control Committee, Sustainability Committee, and others.
Shareholder Returns
For FY2025 (ending December 2025), dividend per share was ¥176 (interim ¥82, year-end ¥94). For FY2026 (ending December 2026), an annual dividend of ¥190 (interim ¥95, year-end ¥95) is forecast, representing a ¥14 increase year-on-year. Both earnings and dividend forecasts remain unrevised.
Dividend Policy
The company sets a minimum DOE of 2.5% and, from 2026 onward, targets a consolidated payout ratio of 45%. The basic policy is to maintain stable dividends, paid twice a year through an interim dividend and a year-end dividend. For FY2025 (ending December 2025), the actual dividend per share was ¥176 (interim ¥82, year-end ¥94). For FY2026 (ending December 2026), the dividend per share is forecast at ¥190 (interim ¥95, year-end ¥95). There is no revision to the dividend forecast.
ESG
Declared carbon neutrality by 2050, and obtained SBTi Net-zero standard certification in July 2024 (targeting a 42% reduction in Scope 1+2 emissions by 2030). Achieved CDP Climate Change rating of B and Water Security rating of A-, and obtained the EcoVadis Commitment Badge. In terms of human capital, the company has been certified as an Excellent Health and Productivity Management Organization for 8 consecutive years, has set targets for the employment ratios of women and foreign nationals, and is working to promote diversity and develop human resources.
Last updated: March 18, 2026