cawachi limited
2664・Prime Market・Retail Trade
Governance
The company has a Board of Corporate Auditors structure, comprising 4 directors (including 2 outside directors) and 4 corporate auditors (including 3 outside corporate auditors). It has established a Nomination Committee and a Compensation Committee as voluntary advisory bodies to the Board of Directors, each chaired by an independent outside director, ensuring transparency and objectivity.
Risk Management
The company has established a Compliance Committee, an Internal Audit Department, and an Internal Control Department, building a framework to minimize losses based on an emergency response manual. Sustainability-related risks are examined and discussed by the Sustainability Committee, with a framework in place for oversight by the Board of Directors.
Shareholder Returns
Progressive dividend policy to be maintained as a basic policy. For FY2026 (ending March 2026), the ordinary dividend of ¥80 per share plus a commemorative dividend of ¥20 for the 65th anniversary of founding totals ¥100 per share (total dividends of ¥2,233 million; payout ratio 69.8%). For FY2027 (ending March 2027), an ordinary dividend of ¥100 is planned, shifting to dividends paid twice a year (¥50 each for interim and year-end). No share buybacks have been confirmed.
Dividend Policy
The company positions returns to shareholders as its most important management priority, and its basic policy is to continue progressive dividends while securing internal reserves (for new store openings, renovations, system investments, etc.). For FY2026 (ending March 2026), the ordinary dividend of ¥80 per share plus a commemorative dividend of ¥20 for the 65th anniversary of founding totals ¥100 (total dividends of ¥2,233 million; payout ratio 69.8%). From FY2027 (ending March 2027), the company will shift to dividends paid twice a year, an interim dividend and a year-end dividend, with an annual total of ¥100 planned (¥50 interim, ¥50 year-end). The articles of incorporation stipulate that an interim dividend may be paid with a record date of September 15 each year.
ESG
The Company conducted a climate change risk and opportunity analysis in accordance with the TCFD framework. Against a target of reducing CO₂ emissions per store by 50% by the end of FY2030 (compared to FY2013 levels), the Company achieved a 58.1% reduction in the fiscal year under review. In terms of human capital, the Company is promoting women's advancement and diversity; the number of female managers at the assistant manager level and above stands at 1.67 times the FY2020 level (target: 2.0 times or more by the end of March 2026).
Last updated: June 10, 2026