Nippo Ltd. revised dividend guidance for the fiscal year ending March 31, 2023. For the period, the company expects to pay dividend of JPY 33.00 per share against previous guidance of JPY 30.00 per share. The Company's basic policy on shareholder returns is to increase dividends in line with its quantitative targets for sustainable growth, while at the same time putting forward dividend proposals that consider factors such as a sufficient level of retained earnings to support future business growth.

In accordance with this basic policy, company has increased forecast for the annual dividend per share for the period ending March 31, 2023 from 30 JPY to 33 JPY as a shareholder return to match the upward revision to consolidated full-year earnings forecasts.