From the fiscal year ending December 2026, the consolidated payout ratio target will be raised from 40% to 45%, and the share buyback framework for 2026 to 2028 will be expanded to a total of 4 billion yen, revising the shareholder return policy.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"5184","jir_company_name":"Nichirin Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-02-13","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/5184-20260213-05.pdf","jir_short_summary":"From the fiscal year ending December 2026, the consolidated payout ratio target will be raised from 40% to 45%, and the share buyback framework for 2026 to 2028 will be expanded to a total of 4 billion yen, revising the shareholder return policy.","jir_summary":"### Overview of Changes in Shareholder Return Policy\nNichirin Co., Ltd. resolved at its Board of Directors meeting on February 13, 2026, to revise its shareholder return policy. Under the new policy, the consolidated payout ratio target will be raised to 45% from fiscal year 2026 onward, and the share buyback framework will be expanded to a total of 4 billion yen over three years from 2026 to 2028. Previously, the share buyback framework was set at a total of 1 billion yen over two years from 2024 to 2025. This revision aims to strengthen management that pays close attention to capital cost and stock price, thereby enhancing shareholder returns.\n\n### Impact on Shareholders and Application Timing\nThe revised shareholder return policy will be applied from fiscal year 2026 (FY ending December 2026). While maintaining stable dividend payments as a basic principle, the policy sets a lower limit of 2.5% DOE (Dividend on Equity) and strives to increase total shareholder returns. The expansion of share buybacks is expected to improve market liquidity and enhance shareholder value, although specific details regarding the number of shares or dilution ratio are not provided.","jir_financial_highlights":"Consolidated Payout Ratio Target: 45% (Raised from the previous 40% starting in 2026)\nShare Buyback Framework (Total): 4 billion yen (Set over three years from 2026 to 2028, increased from the previous 1 billion yen (2024\u20132025))\nStart of Application: Fiscal Year 2026 (FY ending December 2026) (Start of new policy)","jir_category":"","jir_hashtags":"#NichirinCoLtd, #CapitalPolicy, #ShareholderReturn","jir_key_figures":"Consolidated Payout Ratio Target: 45% (from fiscal year 2026 onward)\nShare Buyback Framework: Total of 4 billion yen (over three years from 2026 to 2028)\nStart of Application: Fiscal Year 2026 (FY ending December 2026)","jir_meta_title":"Nichirin Co., Ltd. Raises Consolidated Payout Ratio Target to 45% and Expands Share Buyback Framework to 4 Billion Yen","jir_meta_description":"Nichirin Co., Ltd. announced a revision to its shareholder return policy to raise the consolidated payout ratio target to 45% from the fiscal year ending December 2026 and expand the share buyback framework to a total of 4 billion yen over three years from 2026 to 2028.","jir_og_title":"Nichirin Co., Ltd. Revises Shareholder Return Policy, Sets Payout Ratio Target at 45%","jir_og_description":"Nichirin Co., Ltd. will raise its payout ratio target to 45% and expand the share buyback framework to 4 billion yen starting from fiscal year 2026.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":17352,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"capital_policy","footnotes":""},"sector":[],"importance":[],"class_list":["post-29222","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n