Nihon Dengi Co., Ltd.
Announcing Enhancement of Capital Efficiency and Shareholder Returns｜Change in Dividend Policy for FY2026
Nippon Denso Corporation has revised its FY2026 dividend policy, raising the consolidated ROE target to over 15% and strengthening shareholder returns based on a dividend payout ratio of over 40% or a dividend rate of over 7%.
Key Figures
- Consolidated ROE target: Over 15%
- Dividend payout ratio: Over 40%
- Dividend standard: Dividend payout ratio over 40% or consolidated dividend on shareholders' equity rate over 7%
AI要約
Details of Capital Policy Changes
Nippon Denso has reviewed its dividend policy for FY2026 and, with the aim of enhancing medium- and long-term corporate value, raised its consolidated ROE target from the previous 12.5% to over 15%. Accordingly, the dividend payout ratio has been set at over 40% or a consolidated dividend on shareholders' equity rate of over 7%, aiming to reinforce shareholder returns. The company will pursue a balance between improved capital efficiency, proactive business investments, and shareholder returns. These changes will be effective from FY2026 (fiscal year ending March 2027).
Background and Future Outlook
To improve capital efficiency and strengthen shareholder returns, the Company has reviewed its basic capital policy. This will promote attractive dividend policies for investors, encourage growth investments, and aim for sustainable increases in corporate value. Going forward, the Company will continue to maintain financial soundness while actively promoting business expansion and shareholder returns.
Nippon Denso Corporation
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