Stock Information

■ FYE 03/27

For FYE 03/27, NICIGAS Group plans to increase dividend per share by ¥110.0, an increase of +¥7.0 YoY.

■ Medium-term Management Plan Period (FYE 03/27 – FYE 03/29)

NICIGAS Group aims to balance maintaining high capital efficiency with delivering high shareholder returns based on the policy of not holding unnecessary shareholders’ equity.

Under the previous medium-term management plan (FYE 03/24 – FYE 03/26), the Company has worked to increase the ratio of high-profit assets and optimize its capital structure, while expanding shareholder returns through dividends and share buybacks.

Regarding the new medium-term management plan (FYE 03/27 – FYE 03/29), as NICIGAS Group has achieved a certain level of optimization in its capital structure, the Company will focus on dividends for shareholder returns and aims to enhance returns further in line with future profit growth. NICIGAS Group’ new medium-term management plan targets total dividends more than ¥36.0B over the three years. Having completed its major capital investments, the Company will focus on driving profit growth by expanding its customer base without major capital investments, and utilize this growth for further shareholder returns. The Company’s policy is to flexibly execute share buybacks when it determines that its corporate value is not sufficiently reflected in the stock price.

Furthermore, regarding corporate value enhancement opportunities (e.g. M&A), the Company’s policy is to prioritize allocating funds to invest such opportunities while utilizing debt financing to maintain dividend capacity. By maximizing synergies through disciplined growth investments and ensuring steady profit growth, the Company is committed to strengthening sustainable shareholder returns over the long term.

*Dividend is based on board resolution