NIPPON CERAMIC CO., LTD.
6929・Prime Market・Electric Appliances
Governance
Company with an Audit and Supervisory Committee. The Board of Directors consists of 6 members (including 3 outside directors, an outside director ratio of 50%). A Nomination Committee and a Compensation Committee, each with a majority of independent officers, have been established as advisory bodies to the Board of Directors to ensure transparency and fairness. The executive officer system was introduced in 2002 to separate business execution from the supervisory function.
Risk Management
Based on the Risk Management Regulations, the company identifies, assesses, and responds to risks through management meetings and reports from business division heads. Important matters are reported to the Board of Directors. Climate change risks are assessed and managed in coordination with the Sustainability Committee. The Internal Audit Office, the Audit and Supervisory Committee, and the accounting auditor constitute a three-way audit system.
Shareholder Returns
The annual dividend forecast for FY2026 (ending December 2026) is ¥165 per share (paid as a single year-end dividend), maintaining the same amount as the previous fiscal year's actual results. Pursuant to a resolution of the Board of Directors on May 8, 2026, the company resolved to acquire treasury shares of up to 700,000 shares with an upper limit of ¥2,000 million (from May 11, 2026 to July 31, 2026). The company continues to pursue shareholder returns aimed at improving capital efficiency and enabling flexible capital policy.
Dividend Policy
Year-end dividend only (no interim dividend). The annual dividend forecast for FY2026 (ending December 2026) is ¥165 per share (¥0 at the end of the second quarter, ¥165 at year-end). This maintains the same level as the previous fiscal year's actual results (ordinary dividend of ¥125 plus special dividend of ¥40 = ¥165). The policy targets a payout ratio of 50% or more, with dividends determined by comprehensively considering business performance, payout ratio, DOE, cost of capital, and other factors. There is an article of incorporation provision allowing flexible profit distribution through resolution of the Board of Directors.
ESG
The company has established a Sustainability Committee chaired by the President and Representative Director, and conducts climate change response initiatives (1.5°C and 4.0°C scenario analysis). CO₂ emissions (Scope 1 and 2) totaled 13,504 t-CO₂ in FY2025 (actual), with a target of a 30% reduction by FY2030 compared to FY2023. Regarding human capital, the company discloses a female manager ratio of 6.0% (with a target of 10% by FY2030) and a male childcare leave utilization rate of 66.7%. It has also introduced an employee stock ownership plan (with a 10% incentive contribution) and a workplace installment-type NISA program.
Last updated: March 25, 2026