MUSCAT GROUP Inc.
195A・Growth Market・Services
Governance
Company with a Board of Corporate Auditors. The Board of Directors consists of 5 members in total, comprising 3 internal directors and 2 outside directors (independent officers), with an outside director ratio of 40%. Neither a Nomination Committee nor a Compensation Committee has been established. The Board of Directors held 31 meetings during the fiscal year under review, with generally favorable attendance rates.
Risk Management
The company holds a Risk and Compliance Committee, chaired by the Representative Director, once per quarter to identify and assess risks and formulate countermeasures. It has established a tripartite audit system comprising the Board of Corporate Auditors, internal audit personnel, and the accounting auditor (Taiyo Audit Corporation), and holds a tripartite audit meeting each quarter.
Shareholder Returns
The company currently pays no dividend in order to prioritize growth investment and strengthening its financial position. The possibility and timing of future dividend payments remain undetermined, and retained earnings will be allocated to investment for business expansion.
Dividend Policy
While the company recognizes returning profits to shareholders as an important policy, it has not implemented dividends because it prioritizes business investment and strengthening its financial position at this stage of growth. It states that it will consider implementing dividends in the future based on the accumulation of retained earnings and the balance with shareholder returns, but the feasibility and timing remain undetermined at this time. If dividends are paid, the basic policy is a single year-end dividend, with the decision-making body being the Board of Directors. Interim dividends are also possible under the Articles of Incorporation.
ESG
In addition to reducing surplus inventory by leveraging the characteristics of the brand production business, the company implemented plastic reduction through the adoption of aluminum pouch refills for 'MiiS'. In terms of human resources, the company is promoting diversity (female representatives at two consolidated subsidiaries) and flexible working arrangements such as remote work, with average annual salary per employee up 39.3% year on year. Quantitative indicators and targets have not yet been established at this time.
Board Members
Last updated: July 19, 2026