Choei Inc.
2993・Standard Market・Real Estate
Governance
As a company with a Board of Corporate Auditors, the Board of Directors consists of 6 directors (including 2 independent outside directors). The executive officer system introduced in 2018 separates oversight and execution, and a voluntary Nomination and Compensation Committee (chaired by an outside director, with independent outside directors comprising the majority) has been established to ensure governance transparency.
Risk Management
The Risk Management and Compliance Promotion Committee is convened every quarter to identify, monitor, and verify material risks. A legal advisory system has been established to ensure compliance with relevant laws and regulations such as the Act on Management of Rental Residential Housing and the Building Lots and Buildings Transaction Business Act. The risk management framework combines regular audits by the Internal Audit Office with discussions on response policies at Board of Directors meetings.
Shareholder Returns
For FY2026 (ending March 2026), dividend per share is ¥125 (ordinary dividend of ¥100 plus special dividend of ¥25), total dividends of ¥548 million, and a payout ratio of 55.1%. The FY2027 (ending March 2027) forecast is an ordinary dividend of ¥100 (no special dividend). The company also conducted a share buyback (¥209,800 thousand) during the period.
Dividend Policy
The shareholder return policy is based on continuing stable dividends. The basic approach is to pay a year-end dividend once a year, with no interim dividend. Actual results for FY2026 (ending March 2026) were ¥125 per share (ordinary dividend of ¥100 plus special dividend of ¥25), total dividends of ¥548 million, and a payout ratio of 55.1%. Actual results for FY2025 (ending March 2025) were ¥125 per share (ordinary dividend of ¥90 plus special dividend of ¥35), total dividends of ¥551 million, and a payout ratio of 26.5%. The forecast for FY2027 (ending March 2027) is ¥100 per share (ordinary dividend only, no special dividend), with a projected payout ratio of 47.6%.
ESG
The company has established "Environmental consideration, contribution to society, and appropriate governance" as its sustainability basic policy, positioning its leasing business as real estate reuse to emphasize environmental consideration. It regards human capital as its most important issue and discloses results including average years of continuous service of 8.4 years, 105 holders of national qualifications, a 100% return-to-work rate after childcare leave, and 5 industrial accidents (8 in the previous period), and has set quantitative targets with March 2028 as the target year.
Last updated: June 19, 2026