1-1-1 Higashisakura, Higashi-ku, Nagoya, Aichi, 461-0005, Japan
Representative
Takeshi Kawai, President and COO
Notice regarding dividend payment
At the meeting of the board of directors held on April 30, 2024, we, as Niterra Co., Ltd. (the "Company"), resolved to distribute the retained earnings for the record date March 31, 2024, as described below.
1. Dividend details
Previous forecast
Details resolved today
(Announced on
October 30, 2023)
Record date
March 31, 2024
March 31, 2024
Dividend per share
84.00 yen
80.00 yen
Total amount of dividends
16,881 million yen
-
Effective date
June 4, 2024
-
Resource for dividend
Retained earnings
-
Actual result for
previous fiscal year (Fiscal year ended March 31, 2023)
March 31, 2023
83.00 yen
16,920 million yen
June 6, 2023
Retained earnings
2. Reason
In order to clarify our stance of prioritizing the return of profits to shareholders, the Company has a fully performance-linked dividend policy, with a basic policy of maintaining a full-year consolidated dividend payout ratio of 40%. In addition, the amounts of dividends are linked to profit for the year attributable to owners of the parent, excluding one-time profit and loss arising separately from our normal business activities.
According to this policy, with considering the financial result and future business expansion, the Company decided to increase the fiscal year-end dividend by 4 yen from the previous forecast to 84 yen per share. Therefore, we are planning to pay the full year dividend 164 yen per share.
(Reference) Full year dividend details
(Yen)
Interim
End of fiscal year
Total
Results for the fiscal year ended
March 31, 2024
80.00
84.00
164.00
Results for the fiscal year ended
March 31, 2023
83.00
83.00
166.00
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NGK Spark Plug Co. Ltd. published this content on
30 April 2024 and is solely responsible for the information contained therein. Distributed by
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30 April 2024 06:04:26 UTC.
Niterra Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of automotive products, ceramic products, and products related to new businesses. The Company has three business segments. The Automobile-related segment is engaged in the manufacture and sale of parts that are mainly assembled into automobiles, such as spark plugs and exhaust gas sensors. The Ceramics segment manufactures and sells cutting tools, industrial equipment components, semiconductor manufacturing equipment components, semiconductor packages, and oxygen concentrators for medical use. The New Business segment is engaged in the manufacture and sale of products related to new businesses such as the environmental energy field. It also sells materials and provides welfare services.
NITERRA CO., LTD. 
