BULL-DOG SAUCE CO.,LTD.
2804・Prime Market・Foods
Governance
The company has adopted an Audit and Supervisory Committee structure, with 3 of its 7 directors being independent outside directors. As advisory bodies to the Board of Directors, it has established a voluntary Nomination and Compensation Committee and a Sustainability Committee, both of which have a majority of independent outside directors, and has put in place an internal control system comprising an executive officer system and an Audit Office reporting directly to the President.
Risk Management
The Company has established a Chief Risk Management Officer and a Crisis Management Committee based on its Crisis Management Regulations, building a company-wide risk management system. It has selected "development of safe and reliable products," "raw material procurement risk," "climate change," and "information security" as key sustainability risk items, and has also conducted scenario analysis under two scenarios (1.5°C and 4°C) based on the TCFD framework.
Shareholder Returns
For FY2026 (ending March 2026), an annual dividend of ¥45 (ordinary dividend of ¥40 plus special dividend of ¥5) was implemented, with a payout ratio of 23.7%. An annual dividend of ¥45 is also planned for FY2027 (ending March 2027) (payout ratio of 59.7%). Under the target total return ratio of 60%, share buybacks are also continuing to be conducted.
Dividend Policy
The company adopts a shareholder return policy based on paying dividends twice a year (interim and year-end), targeting a total return ratio of 60%. The FY2026 (ending March 2026) actual results were an annual dividend of ¥45 (interim ¥20 plus year-end ¥25, comprising an ordinary dividend of ¥40 and a special dividend of ¥5), a payout ratio of 23.7%, and a dividend on equity ratio of 2.2%. The FY2027 (ending March 2027) forecast is an annual dividend of ¥45 (interim ¥20 plus year-end ¥25), with a payout ratio of 59.7%. In addition, pursuant to a resolution of the Board of Directors dated April 24, 2026, the company resolved to conduct a share buyback of up to 280,000 shares with a total acquisition value of ¥500 million (from May 18, 2026 to March 19, 2027), promoting comprehensive shareholder returns combining dividends and share buybacks.
ESG
The company has set 'Development of safe and reliable products,' 'Utilization of human resources with respect for diversity,' 'Mitigation of climate change,' 'Sustainable procurement of raw materials,' and 'Promotion of resource circulation' as key activity themes, targeting a 46% reduction in GHG emissions by FY2030 compared to FY2013 levels, and zero emissions by FY2050. The company has achieved a 22.0% ratio of female managers and a 100% rate of male employees taking childcare leave, and is advancing sustainability measures such as endorsing TCFD, formulating a raw material procurement policy, and obtaining FSSC22000 certification.
Last updated: June 23, 2026