Nakayama Steel Works, Ltd.
5408・Prime Market・Iron & Steel
Governance
As a company with an Audit and Supervisory Committee, the Board of Directors (11 members in total, including 4 outside directors) oversees management, with the delegated-type executive officer system and division head system separating oversight from business execution. A Compensation and Nomination Advisory Committee has been established to ensure transparency in nominations and compensation.
Risk Management
The Company has established a Compliance & Risk Management Committee based on the Basic Risk Management Regulations to promote company-wide risk management. In the event of an emergency, a Crisis Management Headquarters is established, and each specialized committee under the Sustainability Committee manages and updates climate change and environmental risks three times per year through a PDCA cycle.
Shareholder Returns
The basic policy is stable dividends. The annual dividend for FY2026 (ending March 2026) is ¥14 per share (interim ¥8 + year-end ¥6), with a payout ratio of 30.8%. For FY2027 (ending March 2027), an annual dividend of ¥20 per share (interim ¥13 + year-end ¥7) is planned. The target payout ratio is 30%. There has been a disposal of treasury shares (¥25 million in the current period).
Dividend Policy
The basic policy is to achieve stable dividends while securing the internal reserves necessary to strengthen the management foundation and financial structure and to prepare for future business development. In principle, dividends are paid twice a year, interim and year-end; the interim dividend is determined by resolution of the Board of Directors, and the year-end dividend by resolution of the General Meeting of Shareholders. The year-end dividend for FY2026 (ending March 2026) was revised upward from the initially forecast ¥5 per share to ¥6 per share, bringing the annual dividend to ¥14 per share (interim ¥8 + year-end ¥6). For FY2027 (ending March 2027), an annual dividend of ¥20 per share (interim ¥13 + year-end ¥7) is planned.
ESG
Climate-related disclosures are made in line with TCFD recommendations, with the company setting a target of a 46% reduction in CO2 emissions by FY2030 versus FY2013 levels and carbon neutrality by 2050, advancing a decarbonization strategy centered on investment in new electric arc furnaces. The company was selected for the CDP 2025 Climate Change A List for the second consecutive year. On the human capital front, the company is implementing talent development initiatives including DE&I promotion, engagement surveys, and rank-based training programs, achieving a 90.4% take-up rate for paternity leave among male employees.
Last updated: June 24, 2026