HOKUTO CORPORATION
1379・Prime Market・Fishery, Agriculture & Forestry
Governance
As a company with a Board of Corporate Auditors, the company is composed of 7 directors (including 3 outside directors) and 4 corporate auditors (including 3 outside corporate auditors). It balances swift decision-making with oversight functions through an executive officer system introduced in April 2021 and a weekly full-time officers' meeting. It has established a Compensation Advisory Committee, a Risk Management Committee, and a Compliance Committee, developing its internal control system.
Risk Management
The Risk Management Committee, chaired by the Representative Director and President, oversees the identification, assessment, and management of company-wide risks in accordance with the Risk Management Regulations. The Company has established a framework whereby the Committee deliberates on sustainability-related risks (including climate change and climate-related factors) and reports to the Board of Directors at least once a year.
Shareholder Returns
For FY2026 (ending March 2026), an annual dividend of ¥55 per share (interim ¥10 + year-end ¥45) will be implemented, with a payout ratio of 24.6%. For FY2027 (ending March 2027), a dividend of ¥62 (interim ¥10 + year-end ¥52) is forecast. Share buybacks will also continue.
Dividend Policy
The basic policy is to pay dividends twice a year, comprising an interim dividend and a year-end dividend. For FY2026 (ending March 2026), an annual dividend of ¥55 per share (interim ¥10 + year-end ¥45) will be implemented, with a payout ratio of 24.6% and a dividend-to-net-assets ratio of 2.8%. For FY2027 (ending March 2027), an annual dividend of ¥62 per share (interim ¥10 + year-end ¥52) is forecast, with a payout ratio expected to be 37.1%. Internal reserves will be allocated to capital expenditure, new variety development, and research.
ESG
Under the "Hokuto Sustainability Targets" formulated in February 2025, the company aims to reduce greenhouse gas emissions by 15% by FY2029 (ending March 2029) compared to FY2024 (ending March 2024), and has achieved a 32.1% reduction in CO2 emissions through fuel conversion at the Komoro Mushroom Center. In terms of human capital, the company has set quantitative targets and is working on three priority initiatives: promoting DE&I, creating a comfortable workplace, and health management.
Last updated: June 25, 2026