NIPPO LTD.
9913・Standard Market・Wholesale Trade
Governance
The Board of Directors comprises 11 members (including 6 outside directors, an outside director ratio of approximately 54.5%), and the company is a company with an Audit and Supervisory Committee. A Nomination and Compensation Committee (consisting of 5 members: the Representative Director, the Chair of the Audit and Supervisory Committee, and 3 independent outside directors) has been established to ensure transparency regarding director nominations and compensation.
Risk Management
A system has been established in which the Sustainability Committee identifies and evaluates materiality issues and identifies risks and opportunities. An Internal Control Promotion Headquarters has been established under the Board of Directors, and individual risk management manuals based on the "Basic Risk Management Regulations" have been developed. In addition, a system has been established whereby the Internal Audit Office conducts regular and ad hoc audits and reports the results to the President and the Chairman of the Audit and Supervisory Committee.
Shareholder Returns
Basic policy of "dividend increases in line with sustainable profit growth," with the payout ratio target raised from 35% to a target of around 50%. The dividend per share for FY2025 (ended March 2025) was ¥76 (total dividends of ¥692 million), an increase from ¥74 in the previous fiscal year.
Dividend Policy
Cash dividends are positioned as the core of shareholder returns, with a basic policy of "dividend increases in line with sustainable profit growth." The payout ratio target has been raised from "35%" to "a target of around 50%." The company's basic policy is a single year-end dividend, though interim dividends (record date September 30) are also permitted under the Articles of Incorporation. For FY2025 (ended March 2025), the dividend was ¥76 per share (total dividends of ¥692 million).
ESG
In December 2022, the company expressed its support for the TCFD recommendations, setting targets of achieving carbon neutrality by FY2051 (ending March 2051) and reducing CO2 emissions by 25% or more by FY2031 (ending March 2031) (compared to FY2022, ending March 2022). In terms of human capital, the company has established rank-based training programs, initiatives to promote the uptake of childcare leave, measures to promote women's advancement, and a job grade system, and positions compliance as its most important materiality issue.
Last updated: June 19, 2026