Kewpie Corporation
2809・Prime Market・Foods
Governance
Company with a Board of Corporate Auditors. The Board of Directors comprises 5 full-time directors and 4 outside directors (9 in total), with outside directors accounting for approximately 44% of the board. A combined Nomination and Compensation Committee has been established, chaired by an independent outside director, with a majority of its members being independent outside officers. The company has adopted an executive officer system, with the term of office for directors and executive officers set at one year.
Risk Management
The Risk Management Committee evaluates and prioritizes company-wide risks along two axes—"impact on management" and "degree of management control"—and has identified eight key risks: market trends, product liability, system failures, overseas expansion, raw material procurement, natural disasters, human resources/labor, and climate change. A framework has been established whereby the director in charge of risk management reports regularly to the Board of Directors. The company has also formulated Global Risk Management Guidelines and built a group-wide risk management framework covering overseas operations as well.
Shareholder Returns
The interim dividend for FY2026 (ending November 2026) is ¥32 per share (unchanged from the same period last year). The full-year forecast is ¥65 (up ¥1 from the previous fiscal year's ¥64). Share buybacks were carried out during the interim period based on a resolution of the Board of Directors, totaling 2,825,800 shares for ¥11,884 million.
Dividend Policy
The interim dividend for FY2026 (ending November 2026) is ¥32 per share. The full-year dividend forecast is ¥65 per share (interim ¥32, year-end ¥33), an increase of ¥1 from the previous fiscal year. Note that the FY2025 (ended November 2025) annual dividend of ¥64 included a commemorative dividend of ¥10 for the 100th anniversary of the launch of Kewpie Mayonnaise. Both the earnings forecast and dividend forecast remain unchanged from those announced on January 14, 2026.
ESG
The company discloses climate change and natural capital risks based on the TCFD and TNFD frameworks. Since fiscal 2022, it has introduced internal carbon pricing to promote low-carbon investment. In terms of plastic reduction, it is promoting a switch to recycled PET resin bottles and collection demonstration trials in collaboration with multiple companies. Regarding human capital, the company has set targets of a 30% ratio of female managers (2030 target) and an engagement score of 75 points (2030 target), and has implemented a new personnel system and DE&I promotion. It is also working on sustainable procurement and respect for human rights across the entire supply chain.
Last updated: February 24, 2026