Nisshinbo Holdings Inc.

The dividend has not been reduced for at least 7 consecutive years since 2013, as far back as our data goes.The forecast annual dividend is JPY 36.0 per share or unit, with a forecast yield of 1.60%.Dividend on equity (DOE) is 2.03%, -0.15 points year over year.

Dividend on equity (DOE) is the annual dividend as a percentage of shareholders’ equity. Because it is less affected by temporary earnings swings, it helps assess the continuity of a company’s shareholder return policy.