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%.<\/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":"1723","jir_company_name":"Nippon Denso Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-05-07","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/05\/1723-20260507-01.pdf","jir_short_summary":"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%.","jir_summary":"### Details of Capital Policy Changes\nNippon 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).\n\n### Background and Future Outlook\nTo 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.","jir_financial_highlights":"Consolidated ROE Target: Over 15% (Raised)\nDividend Payout Ratio: Over 40% (Newly established)\nDividend Standard: Dividend payout ratio over 40% or consolidated dividend on shareholders' equity rate over 7% (Newly established)","jir_category":"","jir_hashtags":"#NipponDenso, #CapitalPolicy, #JapaneseStocks","jir_key_figures":"Consolidated ROE target: Over 15%\nDividend payout ratio: Over 40%\nDividend standard: Dividend payout ratio over 40% or consolidated dividend on shareholders' equity rate over 7%","jir_meta_title":"\u3010Nippon Denso\u3011Enhancement of Capital Efficiency and Shareholder Returns\uff5cChange in FY2026 Dividend Policy","jir_meta_description":"Nippon Denso has revised its dividend policy for FY2026, raising the consolidated ROE target to over 15% and setting a dividend payout ratio over 40%, aiming to increase corporate value.","jir_og_title":"\u3010Nippon Denso\u3011Change in Capital Policy\uff5cReview of FY2026 Dividend Policy","jir_og_description":"Nippon Denso announced revisions to its FY2026 dividend policy, raising its ROE target and strengthening shareholder returns.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":9410,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"capital_policy","footnotes":""},"sector":[],"importance":[],"class_list":["post-44967","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n