【Nippon Tapes】Mid-term Management Plan Revision｜May 2026

Details of the Revision of the Mid-term Management Plan

Nippon Tapes has revised its final year targets for the FY2024-2027 mid-term management plan to net sales of 155 billion yen, operating profit of 36 billion yen, and EBITDA of 51 billion yen. This revision reflects the acceleration of FY2025 operating profit achievement due to increased demand for AI server-related products and a weaker yen, exceeding the initial target of 20 billion yen. Capital investments and R&D expenses have also increased, actively promoting business execution toward the realization of its long-term vision.

Future Outlook and Shareholder Return

To achieve the revised targets, the company plans to accelerate investments in the production of special glass. Regarding shareholder return, the company will maintain a minimum dividend of 55 yen per share and a consolidated dividend payout ratio of 30%. While considering external factors, the company aims to strengthen its business foundation and improve shareholder value toward the realization of its long-term vision.