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Dividends6998Nippon Tungsten Co.,Ltd.Electrical Equipment and Precision Instruments

Notice Regarding Changes to the Policy on Decisions Concerning Dividends of Surplus and Other Matters

The dividend policy has been changed, raising the annual dividend floor from ¥50 to ¥60 per share and the target payout ratio on net income attributable to owners of the parent from 30% to 40%. The revised policy will apply from dividends for the fiscal year ending March 2027.

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Dividend per share

Fiscal year ending March 2027
Whether Submission to the General Meeting of Shareholders Is RequiredBoard of directors resolution only
Payout ratioConsolidated Approximately 40% of net income attributable to owners of the parent / Individual Not disclosedThe percentage of earnings paid out as dividends.
Dividend policy

As a general rule, we will strive to provide stable and continuous dividends based on approximately 40% of net income attributable to owners of the parent, with an annual dividend of ¥60 per share as the minimum. In addition, to enhance per-share shareholder value and improve capital efficiency, we will strive to acquire treasury shares as appropriate. If net income attributable to owners of the parent fluctuates significantly due to special factors, such as a substantial change in the operating environment, the Company will consider reviewing its dividend payments.

Dividend per share
ItemDetails
Payout ratioConsolidated Approximately 40% of net income attributable to owners of the parent / Individual Not disclosed
Dividend policyAs a general rule, we will strive to provide stable and continuous dividends based on approximately 40% of net income attributable to owners of the parent, with an annual dividend of ¥60 per share as the minimum. In addition, to enhance per-share shareholder value and improve capital efficiency, we will strive to acquire treasury shares as appropriate. If net income attributable to owners of the parent fluctuates significantly due to special factors, such as a substantial change in the operating environment, the Company will consider reviewing its dividend payments.
Whether Submission to the General Meeting of Shareholders Is RequiredBoard of directors resolution only
Fiscal Period CoveredFiscal year ending March 2027
Items this document does not state (8)
Dividend per shareTotal Annual DividendsPrevious-period results (per share)Total dividendsRecord dateEffective dateSource of dividendsBreakdown of Regular, Commemorative and Special Dividends

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Following the announcement of the Company's medium-term cash allocation, including shareholder returns, in its medium-term management plan, the Company aims to clarify its commitment to enhancing returns to shareholders.

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Notice Regarding Changes to the Policy on Decisions Concerning Dividends of Surplus and Other Matters | Nippon Tungsten Co.,Ltd. (6998) timely disclosure | Komori