Notice Regarding Revision of Dividend Forecast

Reason for Revision of Dividend Forecast

NGK Insulators, Ltd. places utmost importance on shareholder returns and positions sustainable corporate value enhancement and profit distribution as its top management policies. As announced in the financial summary for the third quarter of the fiscal year ending March 2026, the Environment and Digital Society businesses have performed steadily, showing smooth progress against the full-year earnings guidance. Although there are impacts from worsening geopolitical conditions, the business environment remains solid, leading to a revision of the year-end dividend to 42 yen per share and an upward revision of the annual dividend forecast to 80 yen.

Details of Dividend Revision and Future Plans

This dividend revision was resolved at the Board of Directors meeting held on March 24, 2026. The revised dividend consists of 38 yen at the end of the second quarter and 42 yen at the year-end, totaling 80 yen. This is an increase of 4 yen from the previous annual forecast of 76 yen. This proposal will be submitted for approval at the 160th Annual General Meeting of Shareholders scheduled for late June 2026. While strengthening shareholder returns, the company aims to maintain a target consolidated dividend payout ratio of about 30% and a dividend on equity (DOE) of 3% over the medium term, implementing its dividend policy in consideration of cash flow forecasts.