Nippon Carbon Co., Ltd.
Notice Regarding Initiatives for Realizing Management Conscious of Cost of Capital and Stock Price
Nippon Carbon has announced management initiatives to improve profitability and enhance shareholder returns based on the medium-term management plan "GO BEYOND 2030", aiming to increase ROE and expand equity spread.
Key Figures
- Return on Equity (ROE): 9.1% (End of 2025)
- Equity Spread: +4.0 points (End of 2025)
- Net Income per Share: ¥436.9 (Forecast for 2025)
AI要約
Management Policy and Current Recognition
Nippon Carbon aims to achieve both profitability improvement and sustainability management under the medium-term management plan "GO BEYOND 2030" starting in 2025. Particularly emphasizing profitability improvement and enhancement of shareholder returns, the company focuses on expanding equity spread and improving PBR as pillars of management. As of the end of 2025, ROE is 9.1% and equity spread is +4.0 points. They are advancing capital efficiency through continuation of stable dividends and sale of irrational policy-held shares. On the other hand, the PER is decreasing and PBR has fallen below 1x level.
Future Initiatives and Strategy
Going forward, the company will promote measures aimed at expanding equity spread by improving shareholder cost of capital, ROA, and financial leverage. Specifically, the three pillars are strengthening the high-growth and high-profit Fine Carbon business, emphasizing growth investment and shareholder returns, and reinforcing IR activities to enhance corporate value. In building its business portfolio, Nippon Carbon pursues profitability and growth in Fine Carbon, electrode materials, silicon carbide fibers, and new business areas, while maintaining stable annual dividends of ¥200 as a shareholder return policy.
