Meiho Facility Works Ltd.
1717・Standard Market・Services
Governance
Company with an Audit and Supervisory Committee (transitioned to this structure in 2016). The Board of Directors consists of 8 members (5 internal, 3 outside), and all 3 outside directors serve as members of the Audit and Supervisory Committee with voting rights on the Board. The company has established a voluntary Nomination and Compensation Committee, which meets three times a year. The Board of Directors meets 16 times a year, with an attendance rate of 100% for all members (Mr. Iesaki attended all meetings held since his appointment).
Risk Management
Climate change-related risks are positioned as a material risk, discussed and analyzed periodically at the Business Promotion Council (composed of directors, executive officers, and department heads), with results reported to the Board of Directors. A framework has been established under which the Internal Audit Office (reporting directly to the Representative Director) sets up a Risk Management Committee when risks are identified. The company is a member of the TCFD Consortium and identifies and discloses policy and regulatory risks, technology and market risks, and reputational risks.
Shareholder Returns
The annual dividend for FY2026 (ending March 2026) is ¥44.00 per share (payout ratio of 55.1%). For FY2027 (ending March 2027), the dividend is also planned at ¥44.00 (forecast payout ratio of 55.4%). Excluding cases of a net loss, the policy is to set a floor of ¥44.00 or more for the annual dividend per share for FY2026–FY2027, with a target payout ratio of approximately 55%. No share buybacks were conducted during the current fiscal year.
Dividend Policy
Except in the event of a net loss, the basic policy for the two fiscal years (FY2026 through FY2027) is to set a floor of ¥44.00 or more for the annual dividend per share, and to conduct profit distribution in line with each period's earnings growth, targeting a payout ratio of approximately 55%. Emphasis is placed on securing retained earnings and providing stable, continuous profit returns to shareholders.
ESG
As a member of the TCFD Consortium, the company has set a target of reducing CO2 emissions by 50% by FY2031 (ending March 2031) compared to FY2020 (ending March 2020) levels, and achieving net zero by FY2051 (ending March 2051). On the human capital front, the company achieved a female employee ratio of 26.8% (target: 27.0%) and a 100% childcare leave return rate, and has obtained Kurumin certification and Eruboshi certification (third stage). The company also contributes to the sustainable development of local communities through investments in Tokyo Metropolitan Government green bonds and support for children's cafeterias (kodomo shokudo).
Last updated: June 22, 2026