MUGEN ESTATE Co.,Ltd
3299・Standard Market・Real Estate
Governance
Company with a Board of Corporate Auditors (Standard Market). Comprised of 5 directors (of which 3 are outside directors, an outside ratio of 60%) and 4 corporate auditors (1 full-time, 3 outside). A voluntary Nomination and Compensation Committee has been established (comprised of 4 directors including 3 outside directors), and the executive officer system separates supervision from business execution. A policy protecting minority shareholders has been clearly established, requiring board approval for transactions with the controlling shareholder (the family of Representative Director and Chairman Susumu Fujita) as related party transactions.
Risk Management
Based on the Risk Management Regulations, the Company has established a Risk Management and Compliance Committee (chaired by the Head of the Administration Division, meeting five times per year), which deliberates on risk identification, recurrence prevention measures, and mitigation measures before reporting to the Board of Directors. When a risk materializes, an Emergency Response Headquarters headed by the Representative Director and President is established in accordance with the Emergency Response Regulations. The Legal & Compliance Department promotes ordinary-time risk management activities, and an internal whistleblowing system has also been established. Sustainability-related risks are identified and assessed by the Sustainability Committee and then managed on an integrated basis by that committee.
Shareholder Returns
The company's basic policy is to pay dividends twice a year, targeting a mid- to long-term consolidated payout ratio of 40% or more. For FY2025 (ending December 2025), the annual dividend is planned at ¥114 per share (interim ¥45, year-end ¥69), and for FY2026 (ending December 2026), ¥130 per share (interim ¥52, year-end ¥78, payout ratio 40.2%) is planned. Both the earnings forecast and the dividend forecast remain unrevised.
Dividend Policy
The basic policy is to continue stable dividends while strengthening the financial base and building up internal reserves for long-term business expansion, with profit distribution determined by comprehensively taking into account the level of business performance, capital cost based on the balance sheet, and capital profitability, among other factors. The mid- to long-term target level for the consolidated payout ratio is set at 40% or more, with the basic policy being to pay dividends twice a year, as an interim dividend and a year-end dividend. For FY2025 (ending December 2025), the annual dividend is planned at ¥114 per share (interim ¥45, year-end ¥69), with a payout ratio of 40.0%. For FY2026 (ending December 2026), ¥130 per share (interim ¥52, year-end ¥78) is planned, with a payout ratio of 40.2%. There has been no revision from the most recently announced dividend forecast.
ESG
The company has established a Sustainability Committee (chaired by the President and Representative Director, meeting at least twice a year), endorsed the TCFD recommendations, and conducted scenario analysis (1.5°C and 4°C) of climate-related risks and opportunities. For GHG emissions, the company has set targets of a 46% reduction in Scope 1 and 2 emission intensity by FY2030 (versus FY2021) and carbon neutrality by FY2050; in FY2025, actual results achieved a 73.6% reduction in Scope 1 emission intensity and a 52.7% reduction in Scope 2 emission intensity versus FY2021. In terms of human capital, the company is promoting women's advancement and encouraging the uptake of childcare leave (FY2025: 100% for women, 87.5% for men), and obtained Platinum Kurumin certification in August 2025. As materiality issues, the company has identified four items centered on "realizing a sustainable future": enhancing corporate value, revitalizing real estate, diversity & inclusion, and governance.
Last updated: March 24, 2026