Megmilk Snow Brand Co., Ltd.
2270・Prime Market・Foods
Governance
The company operates as a company with an audit and supervisory committee, with a board of 11 directors (4 of whom are outside directors), and has adopted an executive officer system. It has voluntarily established a Nomination Advisory Committee and a Compensation Advisory Committee, in which independent outside directors constitute a majority, and has also set up a Corporate Ethics Committee and a Group Sustainability Committee to strengthen its oversight function.
Risk Management
Quality risk is managed by the responsible department in accordance with the MSQS Regulations, while market and credit risk are managed based on the Accounting Regulations, with company-wide controls exercised through the Management Executive Committee. In the event of an emergency, a countermeasure headquarters is organized in accordance with the Crisis Management Regulations, and an internal reporting system (the Megmilk Snow Brand Hotline and the External Attorney Hotline) has also been established.
Shareholder Returns
Set a minimum dividend floor of ¥100 and continues stable dividends. Dividend per share for FY2026 (ending March 2026) is ¥100 (total dividends of ¥6,076 million, payout ratio of 19.1%). ¥100 per share is also planned for FY2027 (ending March 2027). During the current fiscal year, the company repurchased and retired treasury shares totaling ¥20,007 million, and has set a share buyback framework of ¥10.0 billion for the next fiscal year.
Dividend Policy
In addition to targeting a consolidated payout ratio of 40% or more excluding gains on asset sales, the company has set a minimum dividend floor of ¥100 per share and strives to maintain stable dividends. Dividends are paid once annually as a year-end dividend. Dividend per share results for the past three fiscal years: FY2024 (ended March 2024) ¥80 (total of ¥5,414 million) → FY2025 (ended March 2025) ¥100 (total of ¥6,767 million) → FY2026 (ended March 2026) ¥100 (total of ¥6,076 million). The forecast for FY2027 (ending March 2027) is ¥100 per share (payout ratio of 24.1%).
ESG
Under its 2050 carbon neutrality declaration, the company targets a 50% reduction in CO2 emissions by FY2030 (versus FY2013 levels), promoting this through a four-subcommittee structure covering decarbonization, plastic reduction, human rights, and TNFD. In terms of human capital, the ratio of female managers reached 10.3% (against a FY2030 target of 20% or more), the male childcare leave uptake rate reached 97.0%, and the engagement score improved to 66.0 points, showing an upward trend.
Last updated: June 16, 2026