
Nippon Denko Lifts Dividend as Non-Ferroalloy Businesses Drive Stable Profit

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Nippon Denko Co., Ltd. reported a slight increase in underlying ordinary profit to ¥5.3 billion for fiscal 2025, while accounting-basis profit fell to ¥2.7 billion due to inventory impacts. The company announced a ¥4.0 billion share buyback and a dividend increase to ¥12.0, with a projected ¥13.0 for 2026, reflecting confidence in future earnings. Nippon Denko aims to strengthen its non-ferroalloy segments and enhance shareholder value, maintaining a stable income stock position in the materials sector. The current analyst rating is a Hold with a price target of Yen453.00.
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