Nippon Soda Co.,Ltd.

<h3>3. Dividend Policy</h3>
The Company determines profit distributions based on earnings trends and takes a comprehensive approach considering the maintenance of stable dividends, enhancement of shareholders' equity, and improvement of financial condition. The basic policy is to pay dividends twice annually: an interim dividend and a year-end dividend.
The year-end dividend is decided by the shareholders' meeting, while the interim dividend is decided by the board of directors.
For the current fiscal year, based on the above policy, the interim dividend of 120 yen per share has been implemented. The year-end dividend of 80 yen per share is scheduled to be approved and implemented at the ordinary shareholders' meeting to be held on June 27, 2025. The Company conducted a stock split at a ratio of 2 shares for every 1 ordinary share, effective October 1, 2024. The per-share dividend amounts for the current fiscal year reflect the interim dividend before the stock split and the year-end dividend after the stock split. Without considering the stock split, the year-end dividend would be 160 yen per share, and the annual dividend would be 280 yen per share. As a result, the dividend payout ratio for the current fiscal year is 75.6%.
Retained earnings are allocated to research and development investments for high-value-added products and competitive strengthening, capital expenditures, M&A, and other purposes.
The Company's articles of incorporation provide that the board of directors may declare an interim dividend with September 30 as the record date each year.
The dividends for the current fiscal year are as follows:
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Date of Resolution
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Total Dividend Amount
(Millions of Yen)
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Dividend Per Share
(Yen)
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November 13, 2024
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3,309
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120
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Board of Directors Resolution
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June 27, 2025
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4,413
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80
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Ordinary Shareholders' Meeting Resolution
(Scheduled)
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Based on earnings trends, we will comprehensively consider factors including maintaining stable dividends, strengthening shareholder equity, and improving our financial position. Our basic policy is to distribute surplus earnings twice annually through interim and year-end dividends. Retained earnings will be allocated to research and development investments for high-value-added product development and competitive strengthening, capital expenditures, and M&A activities.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2026	Forecast(2025/05/14)	70	70	140	58.0%
FY2025	Actual(2025/05/14)	120	80	-	51.4%
	Forecast(2024/05/14)	120	60	-	53.7%
FY2024	Actual(2024/05/14)	120	120	240	40.2%
	Forecast(2023/05/10)	120	120	240	43.2%
FY2023	Actual(2023/05/10)	90	150	240	40.1%
	Revision(2023/02/03)	90	130	220	-
	Forecast(2022/05/10)	90	90	180	45.6%
FY2022	Actual(2022/05/10)	55	125	180	39.6%
	Revision(2022/02/04)	55	75	130	-
	Forecast(2021/05/11)	55	55	110	40.8%
FY2021	Actual(2021/08/03)	40	70	110	-
	Revision(2021/05/11)	40	40	110	43.1%
	Forecast(2020/11/06)	40	40	80	-
FY2020	Actual(2020/11/06)	30	50	80	-

Nippon Soda Co.,Ltd. (4041) Dividends

Dividend Policy

Dividend per Share

Payout Ratio

Dividend Yield

Dividend History (Forecasts, Revisions, Actuals)