Watahan & Co.,Ltd.
3199・Prime Market・Retail Trade
Governance
As a company with an audit and supervisory committee, the board consists of 9 directors, including 4 independent outside directors who all serve on the audit and supervisory committee. The company has established six executive committees and a voluntary officer nomination and compensation advisory meeting, adopting a structure that strengthens oversight functions while enabling swift decision-making.
Risk Management
The company has established a periodic training program based on its "Risk and Compliance Regulations," along with a risk deliberation system operated by the Legal and RC Committee. Risk management across the group is implemented through an internal whistleblowing system (Group Hotline), planned audits conducted by 12 internal auditors, and coordination via the Three-Party Audit Meeting (comprising Audit and Supervisory Committee members, internal auditors, and the accounting auditor).
Shareholder Returns
For FY2026 (ending March 2026), the dividend is ¥30 per share (up ¥1 year-on-year), with total dividends of ¥560 million and a payout ratio of 27.1%. For FY2027 (ending March 2027), the dividend is forecast at ¥31 per share. During the fiscal year, the company repurchased ¥989 million of treasury shares.
Dividend Policy
The basic policy is to continue stable dividend payments, taking into account the Group's business performance and the need to build up retained earnings. Dividends are paid once a year as a year-end dividend. For FY2026 (ending March 2026), the dividend is ¥30 per share (total dividends of ¥560 million, payout ratio of 27.1%). The FY2027 (ending March 2027) forecast dividend is ¥31 per share (payout ratio forecast at 25.2%). Dividend per share over the past three fiscal years: FY2024 (ending March 2024) ¥23 → FY2025 (ending March 2025) ¥29 → FY2026 (ending March 2026) ¥30.
ESG
The company has set a target of reducing net CO₂ emissions 50% by FY2030 compared to FY2013 levels, and achieving net zero by FY2040, promoting woody biomass power generation, solar power generation, sustainable forestry, and recycling stations, among other initiatives. In terms of human capital, it has established next-generation management training programs, an Open Academy, an employee stock ownership plan, and other systems, achieving a 55.5% ratio of mid-career hires among management positions as part of its practice of appointing diverse talent.
Last updated: June 26, 2026