Nippon Fine Chemical Co., Ltd.
Actions Toward Realizing Management That Accounts for Capital Cost and Share Price (Update)
Updated analysis and recognition of issues regarding management that considers capital cost and share price. Reconfirmed investment, dividend return, and capital policy directions under the 14th Medium-Term Management Plan (2023–2026), and updated targets and direction for DOE, PBR, ROE and ROIC.
Key Figures
- ROIC forecast: 7.6% (FY2026)
- ROE forecast: 10.0% (FY2026)
- WACC assumption: 7.0%–7.5% (FY2025)
AI要約
Overview
This document reports an updated analysis and recognition of issues concerning management that takes capital cost and share price into account. It reconfirms the direction of investments, dividend returns, and capital policy based on the 14th Medium-Term Management Plan (FY2023–FY2026), and highlights the need to improve profitability to achieve sustainable growth with ROIC exceeding WACC.
Outlook and Shareholder Returns
Assuming achievement of ROE 10.0% and ROIC 7.6% by FY2026, the company will strengthen shareholder returns alongside improvements in PER. Based on past share buybacks and cancellations, the policy is to maintain a high level of total shareholder return. The company will promote medium-term investments including human capital, R&D, and capital expenditures, accelerate overseas sales expansion, and improve profitability of WG derivatives and other products.
Nippon Fine Chemical Co., Ltd.
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