Nippon Tungsten Co.,Ltd.
6998・Standard Market・Electric Appliances
Governance
The company has adopted the Audit and Supervisory Committee structure. The Board of Directors consists of 10 directors (5 of whom are outside directors, a 50% outside ratio) and meets 14 times per year. A Nomination and Compensation Advisory Committee has been established, with outside directors comprising the majority of members and an outside director serving as chairperson.
Risk Management
The Company has established a Risk Management Committee chaired by the President, which periodically reports the identification, assessment, and response policies for risks to the Board of Directors. Sustainability-related risks are also identified and assessed by this committee, and in the event of an emergency, an emergency response headquarters headed by the President is established.
Shareholder Returns
Annual dividend for FY2026 (ending March 2026) is ¥50 per share (interim ¥25 + year-end ¥25), with a payout ratio of 89.7%. From FY2027 (ending March 2027), the dividend policy will be revised, raising the floor to ¥60 per share annually with a target of 40% of net income. The dividend forecast for the next fiscal year is ¥60 per share (interim ¥30 + year-end ¥30). The company also intends to repurchase treasury shares as appropriate.
Dividend Policy
The revised policy will apply from FY2027 (ending March 2027) onward. The company will implement stable and continuous dividends with a floor of ¥60 per share annually, targeting approximately 40% of net income attributable to owners of the parent. If net income fluctuates significantly due to extraordinary factors such as major changes in the business environment, the company will consider revising the dividend. Through FY2026 (ending March 2026), the previous policy (annual floor of ¥50 per share, target of approximately 30% of net income) will apply.
ESG
Under the purpose "Less, but better," the company has established five materialities: Carbon Minus, Resource Circulation, Value Creation, Human Resources, and DX. In FY2022, it switched to 100% renewable energy for purchased electricity at its main plants, significantly reducing Scope 2 emissions, and is also promoting the recycling and utilization of rare metals. In human resource development, the company has set a target of ¥88 thousand in annual training expenses per employee (actual result: ¥52 thousand), achieved a male childcare leave uptake rate of 88.9%, and has established diverse working arrangements under its Health Management Declaration.
Last updated: June 25, 2026