Maruha Nichiro Corporation
1333・Prime Market・Fishery, Agriculture & Forestry
Governance
The company transitioned from a company with a board of company auditors to a company with an audit and supervisory committee in June 2025. The board of directors consists of 10 members (including 6 outside directors and 6 independent officers), and adopts a supervision-execution separation structure through an executive officer system. A nomination and compensation committee has been established to ensure the soundness and transparency of corporate governance.
Risk Management
The Legal & Risk Management Department leads the rollout of risk assessments across all departments and group companies, managing priorities through a risk matrix. The company has developed BCPs and conducts regular drills, and has established a crisis management framework whereby a task force is set up under the President's direction in the event of a major incident. Sustainability-related risks are overseen through the pathway of the Sustainability Promotion Committee → Management Meeting → Board of Directors.
Shareholder Returns
During the medium-term management plan period (FY2026 (ending March 2026) to FY2028 (ending March 2028)), the basic policy is progressive dividends premised on a payout ratio of 30% or more. In FY2026 (ending March 2026), a stock split (1-for-3) was implemented, and the year-end dividend was increased from the originally planned 24 yen to 28 yen. For FY2027 (ending March 2027), an annual dividend of 45 yen (interim 22 yen, year-end 23 yen) is forecast. A new reserve for shareholder benefits was established.
Dividend Policy
Under the medium-term management plan "For the ocean, for life 2027" (covering FY2026 (ending March 2026) to FY2028 (ending March 2028)), the basic policy is progressive dividends premised on a payout ratio of 30% or more. A stock split of common shares at a ratio of 3 shares for every 1 share held was implemented effective January 1, 2026. For FY2026 (ending March 2026), the year-end dividend per share is 28 yen (an increase of 4 yen from the originally planned 24 yen), and the annual dividend after adjusting for the stock split is 44.67 yen (interim 16.67 yen, year-end 28 yen), with a payout ratio of 30.4% and total dividends of ¥6,771 million. For FY2027 (ending March 2027), an interim dividend of 22 yen and a year-end dividend of 23 yen are forecast, for an annual total of 45 yen (forecast payout ratio of 45.4%). Regarding share buybacks, the amount acquired during the current fiscal year was limited to ¥5 million.
ESG
The company formulated a decarbonization roadmap targeting carbon neutrality by 2050, achieving a 13.3% reduction in CO₂ emissions in FY2024 compared to FY2017. It has identified nine materiality items, including climate change, biodiversity, human rights, and the supply chain, and manages them through KPIs. In terms of human capital, the ratio of female managers stands at 10.0% (against a 2030 target of 15% or more), the company has been selected for the Health & Productivity Stock Selection 2026 for the second consecutive year, and it has linked ESG indicators to executive compensation, among other comprehensive sustainability management initiatives.
Last updated: June 17, 2026