Nippon Sheet Glass Company, Limited
5202・Prime Market・Glass & Ceramics Products
Governance
As a company with a Nomination Committee, Etc., the company separates execution and oversight, with a majority of the Board of Directors composed of independent outside directors. The Chairman of the Board is also an independent outside director, and the company has established three committees: Nomination, Audit, and Compensation.
Risk Management
The Strategic Risk Committee, chaired by the CRO, oversees the ERM process based on ISO31000, with a framework in place to regularly identify, assess, and monitor material risks such as climate change, human capital, and product quality, and to report to the Management Committee and the Audit Committee.
Shareholder Returns
No dividend on common stock for FY2026 (ending March 2026) (also forecast to be no dividend for FY2027 (ending March 2027)). All Class A shares were converted into common stock during the fourth quarter, resulting in no dividend on Class A shares for FY2026 (ending March 2026). No share buyback conducted. A third-party allotment by Apollo (approximately ¥165.0 billion), premised on delisting, was resolved by the Board of Directors on March 24, 2026.
Dividend Policy
The basic policy is to implement stable dividends based on sustainable business performance; however, the year-end dividend on common stock for FY2026 (ending March 2026) has been withheld after comprehensive consideration of business performance and financial condition. No dividend is also forecast for FY2027 (ending March 2027). As all remaining 25,308 Class A shares were converted into common stock during the fourth quarter of the consolidated fiscal year, there is no Class A share dividend with a record date falling within FY2026 (ending March 2026). Note that, following a third-party allotment (total paid-in amount of approximately ¥165.0 billion) to funds affiliated with Apollo Global Management and a share consolidation (cash payment of ¥500 per share), the company is expected to be delisted, and the shareholder return framework is expected to change fundamentally.
ESG
Endorses TCFD and has set SBTi-certified targets (a 30% reduction in Scope 1, 2, and 3 emissions by 2030 versus 2018 levels, and carbon neutrality by 2050), promoting decarbonization. In terms of human capital, the company has set targets for the ratio of female managers of 24% by FY2027 (ending March 2027) and 30% by FY2030 (ending March 2030), with actual performance of 19% in FY2026 (ending March 2026).
Last updated: June 25, 2026