Isetan Mitsukoshi Holdings Ltd.
3099・Prime Market・Retail Trade
Governance
The company has adopted the structure of a company with a nomination committee, etc., and the majority of the board of directors is composed of independent outside directors. Following the annual general meeting of shareholders in June 2026, the board is expected to consist of 9 directors (6 of whom are outside directors), with outside directors serving as the chairman of the board and the chair of each committee.
Risk Management
The company has established a Risk Management Committee chaired by the CRO, and through the "Risk Management Promotion Conference," identifies risks including sustainability issues, formulates response policies, and manages execution. Climate change risk is quantitatively assessed through scenario analysis (1.5°C and 4°C) based on the TCFD framework, and personnel/labor risk is also treated as a key risk area, with regular reporting to the Management Committee and the Audit Committee.
Shareholder Returns
In Phase I (FY2026 (ending March 2026) to FY2028 (ending March 2028)), the target is a total return ratio of 70% or more (cumulative over the period). Annual dividend for FY2026 (ending March 2026) is ¥70 (interim ¥30 + year-end ¥40), with ¥80 planned for FY2027 (ending March 2027). From FY2028 (ending March 2028), the company will shift to a progressive dividend policy based on a DOE (dividend on equity) standard of 5% or more. Share buybacks totaling ¥33.0 billion were already executed in FY2026 (ending March 2026).
Dividend Policy
Throughout the current medium-term management plan (FY2026 (ending March 2026) to FY2031 (ending March 2031)), the company will base its policy on a progressive dividend approach that maintains or increases dividends relative to the previous period's actual dividend, implemented at a dividend on equity ratio (DOE) of 5% or more from FY2028 (ending March 2028) onward. In Phase I (FY2026 (ending March 2026) to FY2028 (ending March 2028)), the company will implement total shareholder returns combining dividends and share buybacks, targeting a total return ratio of 70% or more (cumulative over the Phase I period). The annual dividend for FY2026 (ending March 2026) is planned at ¥70 (interim ¥30 + year-end ¥40, payout ratio 32.7%), and ¥80 (interim ¥40 + year-end ¥40) is planned for FY2027 (ending March 2027). Share buybacks will be determined and executed flexibly, including the acquisition amount and period; in FY2026 (ending March 2026), a total of ¥33.0 billion was executed based on a resolution of the Board of Directors. In FY2027 (ending March 2027), buybacks are planned up to a ceiling of ¥27.0 billion, being the ¥30.0 billion acquisition framework less the ¥3.0 billion acquired in FY2026 (ending March 2026).
ESG
On climate change response, the company has endorsed TCFD and obtained SBT certification (September 2025), targeting a 42% reduction in Scope 1 and 2 emissions and a 55% renewable energy ratio by 2030, and net-zero GHG emissions by 2050. In terms of human capital, it has established an investment plan totaling approximately ¥30 billion over six years, promoting sustainability activities under the "think good" initiative group-wide, including the development of "trinity talent" (sanmi-ittai jinzai), the advancement of women's participation, and supply chain human rights due diligence.
Last updated: June 17, 2026