Nippon Seisen Co., LTD.
5659・Prime Market・Iron & Steel
Governance
The company has adopted the Company with Board of Company Auditors structure, with 4 out of 7 directors being independent outside directors (a majority). It maintains a Governance Committee, in which independent outside directors hold a majority, to deliberate on nomination, compensation, and succession planning, as well as a Special Committee to deliberate on conflicts of interest with the parent company, aiming to enhance the effectiveness of its oversight functions.
Risk Management
The Compliance and Risk Management Committee has established a system to oversee and manage risks across each department and report to the Board of Directors. The Sustainability Committee is responsible for analyzing climate-related risks, including TCFD response, formulating countermeasures, and managing progress, while in the event of a sudden crisis, the company responds in accordance with the Crisis Management Regulations.
Shareholder Returns
Dividends are paid twice a year with a target consolidated payout ratio of around 50%. For FY2026 (ending March 2026), the dividend per share is ¥42 (interim ¥16, year-end ¥26), with total dividends of ¥1,299 million and an actual consolidated payout ratio of 60.0%. The forecast for FY2027 (ending March 2027) is ¥46 per share (interim ¥18, year-end ¥28), with a forecast payout ratio of 50.5%.
Dividend Policy
The basic policy is to pay dividends with a target consolidated payout ratio of around 50%, taking into comprehensive account consolidated business results and financial condition. Dividends are paid twice a year: an interim dividend (record date: September 30) and a year-end dividend. The actual result for FY2026 (ending March 2026) was ¥42 per share (payout ratio of 60.0%), and the forecast for FY2027 (ending March 2027) is ¥46 per share (payout ratio of 50.5%). The policy is to use internal reserves for capital expenditure, research and development, and new business development necessary for the growth strategy. Under the Articles of Incorporation, the acquisition of treasury shares by resolution of the Board of Directors is also possible.
ESG
The company has set a target of reducing CO2 emissions by 30% by FY2030 compared to FY2013 levels and achieving carbon neutrality by 2050, with actual results for FY2025 showing a 29% reduction. It received a
Last updated: June 22, 2026