Dawn Corporation
2303・Standard Market・Information & Communication
Governance
Company with an Audit and Supervisory Committee. The Board of Directors consists of 6 directors (3 executive directors and 3 outside directors who are members of the Audit and Supervisory Committee), representing an outside director ratio of 50%. All 3 Audit and Supervisory Committee members have been registered with the Tokyo Stock Exchange as independent officers. During the fiscal year under review, the Board of Directors met 14 times (including 5 resolutions in writing), with all directors attending every meeting. The annual securities report makes no mention of the establishment of a Nomination Committee or a Compensation Committee.
Risk Management
The Company has established Risk Management Regulations, with the Administration Division overseeing company-wide risk recognition and management activities. Internal reporting channels (the Audit and Supervisory Committee and an external law firm) have been set up, and the Internal Audit Office conducts periodic self-inspections. A system is in place to receive timely advice from the Company's retained counsel (Midosuji Law Office). The Board of Directors is also responsible for monitoring and managing sustainability-related risks and opportunities.
Shareholder Returns
The year-end dividend for FY2026 (ending May 2026) is ¥28 per share (up ¥4 year-on-year), with a payout ratio of 17.9%. The forecast for FY2027 (ending May 2027) is ¥16 on a post-stock-split basis (1-for-2 split), equivalent to ¥32 on a pre-split basis, continuing the substantive dividend increase. Share buybacks were also conducted (¥199 million during the current period).
Dividend Policy
The basic policy is to continue implementing progressive dividends while securing internal reserves for future business development and strengthening the company's financial foundation. Dividends are paid once a year (year-end). Recent results: ¥24 for FY2025 (ending May 2025) → ¥28 for FY2026 (ending May 2026) (both pre-stock-split). The forecast for FY2027 (ending May 2027) is ¥16 on a post-stock-split basis (effective June 1, 2026, 1 share to 2 shares), equivalent to ¥32 on a pre-split basis. The payout ratio for FY2026 (ending May 2026) is 17.9%.
ESG
In April 2025, the company published its "SDGs Declaration" and identified four materialities: "realizing a safe and secure society," "environmental consideration," "a comfortable working environment," and "information security and protection of personal data." As human capital indicators, it disclosed a female employee ratio of 30.8%, average monthly overtime hours of 17.0 hours, and a paid leave utilization rate of 65.4%. The company positions the resolution of social issues through the provision of Gov-tech and disaster-prevention-tech services as a positive impact.
Last updated: August 25, 2025