Niterra Co., Ltd. revised dividend guidance for the fiscal year ending March 31, 2026. For the year, the company now expects to pay dividend of JPY 112.00 per share against previous guidance of JPY 93.00 per share.
Reason for the revision: Considering the importance of returning profits to shareholders and stable dividend basic dividend policy is combining the stable dividend which is aiming at DOE around 4% as the lower limit, and performance-linked dividend policy which is aiming at payout ratio around 10%. According to this policy, the company is planning to pay the full year dividend JPY 205 per share, an increase of JPY 19 from the previous forecast in consideration of revised consolidated financial forecast for the fiscal year ending March 31, 2026 announced. Consequently, the fiscal year-end dividend is expected to be JPY 112 per share, an increase of JPY 19 from the previous forecast.
Niterra Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of automotive products, ceramic products, and products related to new businesses. The Company operates three business segments. The Automobile-Related segment is engaged in the manufacture and sale of parts that are mainly assembled into automobiles, such as spark plugs and exhaust gas sensors. The Ceramics segment manufactures and sells cutting tools, industrial equipment components, semiconductor manufacturing equipment components, semiconductor packages, and oxygen concentrators for medical use. The New Business segment is engaged in the manufacture and sale of products related to new businesses such as the environmental energy field. It also sells materials and provides welfare services.
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