NIPPON GAS CO.,LTD.
8174・Prime Market・Retail Trade
Governance
The company is a company with a board of auditors. It comprises 5 directors (including 2 independent outside directors, a ratio of 40%), and has established a Nomination, Compensation and Environment Committee (with outside directors constituting a majority and serving as chair) as an advisory body to the Board of Directors. From March 2026, the independence of this committee will be further strengthened.
Risk Management
The Company has established a Group Risk Management Committee, which evaluates and manages risks from the perspectives of frequency of occurrence and impact. The Company is promoting the evolution toward predictive and preventive risk management utilizing AI, and has also developed a BCM framework and disaster response manuals. Key issues are discussed at the Nomination and Compensation, Environment, and other committees, after which the Board of Directors determines the Company-wide response policy.
Shareholder Returns
Annual dividend for FY2026 (ending March 2026) is ¥103 per share (up ¥10.5 year-on-year), with a payout ratio of 75.4%. For FY2027 (ending March 2027), the dividend is planned to be raised to ¥110 (payout ratio of 83.2%). The company conducted share buybacks totaling ¥8,202 million and plans to cancel 4,875,400 shares in May 2026.
Dividend Policy
Under a capital policy aimed at optimizing the equity ratio to 40%, the company continues shareholder returns combining dividend increases with share buybacks. For FY2026 (ending March 2026), the interim dividend is ¥51.50 and the year-end dividend is ¥51.50, for an annual total of ¥103.00 (up ¥10.50 year-on-year), with total dividends of ¥11,223 million, a payout ratio of 75.4%, and a DOE (dividend on equity) of 16.5%. For FY2027 (ending March 2027), the annual dividend is planned to be raised to ¥110.00 (forecast payout ratio of 83.2%). During the current fiscal year, the company conducted share buybacks totaling ¥8,202 million, and by resolution of the Board of Directors plans to cancel 4,875,400 shares (4.3% of total shares issued) on May 14, 2026. During the period of the medium-term management plan covering FY2024 (ending March 2024) through FY2026 (ending March 2026), the company has promoted the return of excess capital, reducing the equity ratio from 48% at the end of FY2023 (ending March 2023) to 41% by the end of FY2026 (ending March 2026).
ESG
Identified materiality issues include addressing the decarbonized society, building regional community infrastructure, human capital development and diversity, and strengthening governance. The company has set a goal of net-zero CO2 by 2050, and is promoting CO2 reduction through the spread of hybrid water heaters and the platform business. In terms of human capital, the company discloses a male childcare leave uptake rate of 71.4% (consolidated) and a female manager ratio of 3.7% (consolidated). Natural capital disclosure based on TNFD has also been implemented.
Last updated: June 19, 2026