NGK INSULATORS, LTD.
5333・Prime Market・Glass & Ceramics Products
Governance
As a company with a Board of Corporate Auditors, the company has established a Board of Directors (9 members, including 4 outside directors, exceeding one-third) and a Board of Corporate Auditors (4 members), and enhances the effectiveness of governance through the Nomination and Compensation Advisory Committee, the Business Ethics Committee, the Risk Management Committee, and other bodies.
Risk Management
The company has established a system in which the Risk Management Committee, reporting directly to the President, is responsible for formulating and monitoring company-wide risk policies, while specialized committees such as the Sustainability Committee, the Compliance Committee, and the BCP Countermeasures Headquarters manage individual risks and report periodically to the Board of Directors.
Shareholder Returns
Raised new guideline to a DOE (dividend on equity) of 3.5% and payout ratio of 35% or more. Annual dividend for the current fiscal year is ¥80 per share (interim ¥38, year-end ¥42), and ¥106 (interim ¥53, year-end ¥53) is planned for next fiscal year. On the earnings announcement date, the company resolved to repurchase up to 6.5 million shares for up to ¥33.0 billion, with plans to cancel all repurchased shares.
Dividend Policy
Taking into account net asset management in line with changes in business risk and linkage with business performance (ROE) over a roughly 3-year period, the company has raised its medium-term guideline to a DOE (dividend on equity ratio) of 3.5% and consolidated payout ratio of 35% or more (previously DOE of 3% and payout ratio of approximately 30%). Distributions will be determined taking into account cash flow projections and other factors. The annual dividend for the current fiscal year (FY2026 (ending March 2026)) is planned at ¥80 per share (interim ¥38, year-end ¥42), and for next fiscal year (FY2027 (ending March 2027)) at ¥106 per share (interim ¥53, year-end ¥53).
ESG
With a goal of net-zero CO2 emissions by 2050, the company achieved Scope 1 and 2 emissions of 500,000 tons (a 32% reduction from FY2013) under its 5th Environmental Action Five-Year Plan. It conducts information disclosure based on TCFD and TNFD frameworks, and has been selected as an A List company for two consecutive years in CDP's Water Security and Supplier Engagement ratings. The company is also actively promoting initiatives in the social and human capital areas, including advancing human rights due diligence, establishing a human capital management policy, and DX talent development (achieving its target of 1,000 data utilization personnel ahead of schedule).
Last updated: June 22, 2026