NICHIAS CORPORATION
5393・Prime Market・Glass & Ceramics Products
Governance
A company with a Board of Corporate Auditors. Composed of 8 directors (3 outside) and 5 corporate auditors (3 outside). The Nomination and Compensation Committee is chaired by an independent outside officer, with independent outside officers holding a majority of seats; the structure was strengthened in 2024. Following the shareholders meeting in June 2026, the board is expected to consist of 7 directors (3 outside).
Risk Management
The company recognizes climate change (1.5°C and 4°C scenarios) and natural capital loss as key risks, with the Environment Committee reporting to the Board of Directors on a quarterly basis. The Central Disaster Prevention Committee determines company-wide policies for wind and flood damage risk, while supply chain risk is managed through supplier questionnaires. The Internal Control Audit Office audits the appropriateness of operations across the group, and a framework has been established in which the Compliance Committee and various investment committees manage individual risks.
Shareholder Returns
Continues progressive dividends under a policy targeting DOE of 5.0% or higher and a total payout ratio of 50% or higher. For FY2026 (ending March 2026), the annual dividend is ¥164 per share (interim ¥76 + year-end ¥88), with a payout ratio of 33.0%. For FY2027 (ending March 2027), an annual dividend of ¥65 (interim ¥35 + year-end ¥30) is planned on a post-stock-split basis. Share buybacks are also continuing.
Dividend Policy
The company aims for a DOE of 5.0% or higher, and while continuing progressive dividends throughout the medium-term management plan period, targets a total payout ratio—including dividends and share buybacks—of 50% or higher. Emphasis is placed on maintaining stable dividends, determined by comprehensively considering profit levels, financial condition, capital expenditures, and R&D investment. The annual dividend for FY2026 (ending March 2026) is ¥164 per share (payout ratio of 33.0%). For FY2027 (ending March 2027), an annual dividend of ¥65 (interim ¥35 + year-end ¥30) is planned based on the post-stock-split share count (1 share to 3 shares, effective April 1, 2026).
ESG
The company obtained SBT certification in March 2025, targeting a 42% reduction in Scope 1+2 emissions by FY2030 (versus FY2021) and carbon neutrality by 2050. The renewable energy ratio stood at 18.3% in FY2025 (target: 25%), and industrial waste emissions are targeted to be reduced by 55% by FY2031 (versus FY2019). In terms of human capital, the company has set targets of an 18.4% female employee ratio (target: 25% or higher) and an 83.0% male childcare leave take-up rate (target: 85% or higher), and is promoting talent development, diversity initiatives, and health management.
Last updated: June 24, 2026