NIHON KOHDEN CORPORATION
6849・Prime Market・Electric Appliances
Governance
The company operates as a company with an audit and supervisory committee, with a Board of Directors comprised of 11 members (including 6 independent outside directors, constituting a majority, with 2 women and 1 foreign national). It has established voluntary Nomination and Compensation Committees. The basic policy is to enhance the soundness, transparency, and efficiency of management.
Risk Management
Based on the "Risk Management Regulations," the Risk Management Committee identifies and evaluates material risks and reports to the Board of Directors. Risk management departments and specialized committees address risks across nine categories—compliance, quality control, systems, disasters, environment, finance, information disclosure, strategy, and human rights—and the company also operates a TCFD response project.
Shareholder Returns
Stable dividend increases and flexible share buybacks targeting a consolidated total return ratio of 35% or more. Annual dividend for FY2026 (ending March 2026) is ¥32 per share (up ¥1 year-on-year), with ¥4,999 million in share buybacks executed, resulting in a consolidated total return ratio of 70%. FY2027 (ending March 2027) dividend is planned at ¥33 per share.
Dividend Policy
While securing a sound financial base, the company's policy is to enhance shareholder returns while prioritizing investment for future corporate growth (R&D, capital expenditure, M&A, and human resource development). The basic approach is stable dividend increases in line with business growth, with share buybacks implemented flexibly based on comprehensive consideration of business development, investment plans, retained earnings, and share price, among other factors. A consolidated total return ratio of 35% or more is used as a benchmark/target. The annual dividend for FY2026 (ending March 2026) is ¥32 per share (interim ¥16 + year-end ¥16, up ¥1 year-on-year), with a payout ratio of 35.9%. For FY2027 (ending March 2027), a dividend of ¥33 (interim ¥16 + year-end ¥17) is planned. In addition, the cancellation of 3 million treasury shares is scheduled to be implemented on June 18, 2026.
ESG
The company has expressed support for the TCFD recommendations and is advancing disclosure of climate change-related risks, while incorporating carbon neutrality, a circular economy, DE&I, and human rights due diligence as materiality issues into its medium-term management plan. It has obtained an A- rating in the 2025 CDP
Last updated: June 24, 2026