Nitta Corp raises dividend, celebrates 140th anniversary

Nitta Corporation (TSE: 5186) announced revisions to its year-end dividend forecasts, including an increase in the ordinary dividend and a special dividend to commemorate its 140th anniversary. The company will increase its year-end ordinary dividend by ¥3 per share to ¥69 per share due to strong performance. In addition, a commemorative dividend of ¥5 per share will be paid. The combined effect brings the total year-end dividend to ¥74 per share and the annual dividend forecast to ¥140 per share. This marks an increase from the previous forecast of ¥132 per share and the prior year's actual result of ¥122 per share. The decision reflects Nitta’s appreciation for its shareholders and stakeholders, as the company approaches its 140th anniversary on March 18, 2025.