Nishikawa Rubber Reports Record Revenue and Profits, Plans Share Repurchase and Dividends

TOKYO, May 14 (Pulse News Wire) – Nishikawa Rubber CO.,LTD. (5161.T) reported record revenue and operating profit for the fiscal year ending March 2026.

Despite tariff impacts in the US, revenue reached a historic high due to increased production of contracted vehicle models in North America and favorable exchange rates. Operating profit improved significantly thanks to cost reduction efforts, particularly in North America. For the fiscal year ending March 2027, the company expects reduced sales and profits amid uncertainties in the Middle East and rising material costs.

To counteract these challenges, Nishikawa plans to expand its ESquare product promotion globally and enhance productivity through automation and speed improvements. In addition, the company announced a share repurchase program targeting up to 6% of outstanding shares over six years, aiming for an optimal capital ratio and a return on equity of around 10%. The dividend policy remains consistent, with planned payouts of ¥183 per share for the interim dividend and ¥184 for the final dividend, totaling ¥367 per share for the fiscal year ending March 2027.