SALA CORPORATION
2734・Prime Market・Retail Trade
Governance
The company is a company with an audit and supervisory committee. The Board of Directors consists of 10 members (4 outside directors, outside director ratio of 40%). A Nomination and Compensation Committee (4 of 6 members are independent outside directors) has been established as a voluntary advisory body to the Board of Directors to enhance transparency and objectivity. All outside directors are designated as independent officers.
Risk Management
The company has established a "Risk Management Committee" to oversee group-wide risk management, with each relevant department examining risk assessment, analysis, and countermeasures. It has developed its internal control system by setting up a Compliance Committee, formulating a Corporate Code of Conduct and Code of Behavior, and establishing a compliance hotline. Regarding climate change risk, a reporting structure has been built through the Environment Committee and Environment Working Group to the Management Council.
Shareholder Returns
Basic policy of paying dividends twice a year; interim dividend for FY2026 (ending November 2026) is ¥16 (unchanged from the previous period), with a full-year forecast of ¥34 (an increase of ¥2 year on year). The dividend increase was decided in response to operating income, ordinary income, and interim net income each reaching record highs for the interim period. Share buybacks (up to 2,000 thousand shares / ¥3,000 million) are also underway.
Dividend Policy
The company aims to maintain dividends at or above the previous period's level while targeting a consolidated payout ratio of 40% or more, excluding the impact of gains/losses on derivative valuation related to foreign exchange forward contracts. Dividends of surplus are determined by resolution of the Board of Directors (twice a year: interim and year-end). For FY2026 (ending November 2026), the company forecasts an interim dividend of ¥16 and a year-end dividend of ¥18 (total of ¥34), an increase from ¥32 in the previous period. Share buybacks are conducted to strengthen shareholder returns and improve capital efficiency, and a portion of the repurchased shares is planned to be allocated to restricted stock for the employee stock ownership plan.
ESG
Under the "Sāra Group Sustainability Policy" formulated in March 2022, the company has identified eight materiality issues. On climate change response, it complies with TCFD recommendations, targeting a 24.5% reduction in Scope 1+2 emissions in FY2025 versus FY2021 (25,760 tons), with a goal of carbon neutrality by 2050. In human capital, disclosed metrics include a female manager ratio of 2.3% (30% target by 2030), male childcare leave uptake rate of 90.1% (100% target), and new-graduate female hiring ratio of 36.4% (50% target). In 2023, the retirement age was extended to 65, and the company is also promoting the advancement of diverse talent.
Last updated: February 16, 2026