EPCO Co.,Ltd.
2311・Standard Market・Services
Governance
A company with an Audit and Supervisory Committee. The board consists of 6 directors (4 of whom are outside directors), with an outside director ratio of approximately 67%. A voluntary nomination and compensation committee has been established as an advisory body to the board of directors. The company transitioned from a company with a board of corporate auditors in 2016, and all 4 members of the Audit and Supervisory Committee are outside directors.
Risk Management
The Group CEO serves as the Chief Risk Management Officer, with the Comprehensive Risk Management Committee responsible for identifying, evaluating, and prioritizing risks. Sustainability-related risks are examined in detail by the Sustainability Committee, and a two-tier risk management structure has been established whereby findings are ultimately reported to the Board of Directors.
Shareholder Returns
The annual dividend forecast for FY2026 (ending December 2026) is ¥35.00 per share (interim ¥15.00 + year-end ¥20.00), unchanged from the previous period. The dividend forecast has been revised (increased). The company continues its stable shareholder return policy targeting a consolidated payout ratio of 50% and DOE (dividend on equity) of 8%. No mention of share buybacks.
Dividend Policy
The company implements stable profit distribution targeting a consolidated payout ratio of 50% and DOE (dividend on equity ratio) of 8% as benchmarks. Its basic policy is to pay dividends twice a year, as an interim and a year-end dividend. For FY2026 (ending December 2026), it plans an interim dividend of ¥15.00 plus a year-end dividend of ¥20.00, for an annual total of ¥35.00 (the dividend forecast was revised upward as of May 14, 2026). The previous period's actual results were an interim dividend of ¥14.00 plus a year-end dividend of ¥21.00, for an annual total of ¥35.00.
ESG
In 2022, the company expressed support for the TCFD recommendations and conducted 1.5°C and 4°C scenario analyses. Total Scope 1 and 2 GHG emissions for FY2025 were 673t-CO2 (emission intensity of 10.8t-CO2 per ¥100 million, 94.5% year-on-year). In terms of human capital, the company maintains a diverse organization with a 27% ratio of foreign national employees and a roughly balanced gender ratio, and has set a target of 25% for the ratio of female managers (actual: 24.3%).
Last updated: March 24, 2026