Nippon Shokubai Co., Ltd. announced change in dividend policy. The Company regards the distribution of profits to shareholders as its most important management issue, and its basic policy is to provide stable profit distribution with overall consideration its business expansion and strengthening of the corporate structure to enhance corporate value. The Company aims to raise the level of dividends over the medium to long term while taking into consideration the dividend payout ratio and other factors, and share buybacks to increase the value per share are also an option. To meet the target, the Company has revised the shareholder return policy for the four years through the fiscal year ending March 31, 2028, as follows, in order to further increase and stabilize shareholder returns with securing sufficient financial resources to invest in growth and maintain competitiveness, while limiting the
further buildup of shareholder equity. To meet the target, the Company has revised the shareholder return policy for the four years through the fiscal year ending March 31, 2028, as follows, in order to further increase and stabilize shareholder returns with securing sufficient financial resources to invest in growth and maintain competitiveness, while limiting the further buildup of shareholder equity. Before Change: During the period of the medium-term management plan "TechnoAmenity for the future-I" announced in March 2022 (from the fiscal year ending March 31, 2023, to the fiscal year ending March 31, 2025), the total return ratio will be 50% (payout ratio 40% and share buybacks 10%). After Change: For the four-year period from the fiscal year ending March 31, 2025, to the fiscal year ending March 31, 2028, the Company will pay dividends with a payout ratio of 100% or DOE (Dividend on equity ratio) of 2.0% as a guide, whichever is greater. The change will be applied from the interim dividend for the fiscal year ending March 31, 2025.
NIPPON SHOKUBAI CO., LTD. is engaged in the manufacture and sale of chemicals. The Company has three business segments. The Basic Chemical segment manufactures and sells acrylic acid, acrylic acid ester, ethylene oxide, ethylene glycol, ethanolamine, and glycol ethers. The Functional Chemical segment is involved in the manufacture and sale of water-absorbing resins, medical intermediates, polymers for concrete admixtures, electronic information materials, iodine, maleic anhydrides, adhesives, resins for coating materials, resin molding products and processed adhesive products. The Environmental and Catalytic segment manufactures and sells automobile catalysts, nitrogen oxide (NOx) removal catalysts, process catalysts and others.
NIPPON SHOKUBAI CO., LTD. 
