Niterra Co., Ltd.
5334・Prime Market・Glass & Ceramics Products
Governance
The company operates as a company with an Audit and Supervisory Committee, with a Board of Directors consisting of 11 members (including 7 outside directors, with independent outside directors making up the majority). Nomination and Compensation Committees have been established as advisory bodies. This structure aims to enhance management transparency and oversight functions while accelerating decision-making.
Risk Management
The President and Representative Director serves as the Chief Risk Management Officer, with the Risk Management Committee regularly identifying, assessing, and monitoring priority risks. ESG issues such as climate change and human rights are also integrated into company-wide ERM (Enterprise Risk Management), establishing a cross-departmental management framework.
Shareholder Returns
Combined policy of a DOE floor of 4% plus a payout ratio target of 10%. Annual dividend for FY2026 (ending March 2026) is ¥205 per share (interim ¥93, year-end ¥112), with a payout ratio of 35.9%. The forecast for FY2027 (ending March 2027) is an annual dividend of ¥210. Share buybacks are also being conducted (¥16,757 million during the fiscal year).
Dividend Policy
The Company aims for stable dividends by combining a stable dividend portion with a floor of approximately 4% Dividend on Equity (DOE) attributable to owners of the parent, and a performance-linked portion targeting a payout ratio of approximately 10%. Any amount exceeding the appropriate capital level will be subject to shareholder returns, including share buybacks. The annual dividend for FY2026 (ending March 2026) is ¥205 per share (interim ¥93, year-end ¥112), with total dividends of ¥40,532 million, a payout ratio of 35.9%, and a Dividend on Equity attributable to owners of the parent of 5.6%. The annual dividend forecast for FY2027 (ending March 2027) is ¥210 per share (interim ¥105, year-end ¥105), with a forecast payout ratio of 39.3%.
ESG
The company has set a target of carbon neutrality by 2050, aiming to reduce Scope 1 and 2 emissions by 46% by FY2030 (versus FY2018) and Scope 3 emissions by 30%. In terms of human capital, employee engagement scores are linked to executive compensation, with a target of 3.56 points by FY2029 (versus an actual result of 3.42 points in FY2025). The company is also promoting Niterra Talent Management, targeting a board diversity ratio of 30% or higher and a female manager ratio of 10% or higher.
Last updated: June 25, 2026