NICHIDEN Corporation
9902・Prime Market・Wholesale Trade
Governance
Company with an Audit and Supervisory Committee (9 directors: 5 executive directors + 4 audit and supervisory committee members). It has established a voluntary Nomination and Compensation Committee (a majority of members, including the chairperson, are outside directors) and has also introduced an executive officer system. The Board of Directors met 11 times per year, with an attendance rate of 100% for all members.
Risk Management
The company has established a "Compliance and Risk Management Committee" chaired by the Representative Director, with a system in place, based on risk management regulations, whereby a responsible department is assigned for each risk category and countermeasures are reviewed periodically. The Sustainability Committee has also built a framework for identifying and managing short-, medium-, and long-term climate change risks and opportunities, and reporting them to the Board of Directors.
Shareholder Returns
Annual dividend for FY2026 (ending March 2026) is ¥70 per share (interim ¥35 + year-end ¥35), with a payout ratio of 40.4%. For FY2027 (ending March 2027), a substantial dividend increase to ¥100 per share annually (interim ¥50 + year-end ¥50) is planned (payout ratio of 53.7%). As a subsequent event, the company resolved to acquire treasury shares (600,000 shares, up to ¥2,000 million) between June and December 2026, with cancellation scheduled for March 31, 2027.
Dividend Policy
Dividends are set with a consolidated payout ratio target of 30% or more, with a floor of ¥15 per share. For FY2026 (ending March 2026), the annual dividend is ¥70 (interim ¥35 + year-end ¥35, payout ratio 40.4%). For FY2027 (ending March 2027), the dividend is planned to increase to ¥100 annually (interim ¥50 + year-end ¥50, forecast payout ratio 53.7%). Note that the year-end dividend for FY2025 (ended March 2025) included a special commemorative dividend of ¥10 for the company's 90th anniversary.
ESG
The company has established a Sustainability Committee chaired by the President and Representative Director, and has published its Environmental, Human Rights, and Compliance Policies as well as Sustainable Procurement Guidelines. On climate change, it has set targets of a 30% reduction in Scope 1+2 emissions by FY2030 and carbon neutrality by 2050; Scope 1+2 emissions for the fiscal year under review were 1,418 t-CO2 (down 38% year on year). Regarding human capital, the company discloses metrics such as a male childcare leave uptake rate of 68.8% and a paid leave utilization rate of 66.9%, and has set targets for FY2028.
Last updated: June 16, 2026