MIYAJI ENGINEERING GROUP, INC.
3431・Prime Market・Metal Products
Governance
The company has adopted the audit and supervisory committee structure, with 4 outside directors (a majority) out of 7 directors. It has established voluntary nomination and compensation committees to strengthen independence and objectivity.
Risk Management
The company has established a Compliance and Risk Management Committee under the Board of Directors to promote risk management covering construction site accidents, quality non-conformities, legal violations, natural disasters, climate change risks, and other matters. It has set up two internal reporting channels, one internal and one external, and also conducts monitoring through its internal audit department.
Shareholder Returns
The annual dividend for FY2026 (ending March 2026) is ¥97.50 (interim ¥42.50 + year-end ¥55), with a payout ratio of 79.2%. For FY2027 (ending March 2027), in light of a deteriorating business environment, the dividend is planned to be reduced to ¥75 (interim ¥27 + year-end ¥48), equivalent to a 100% payout ratio. The policy is to maintain an equity ratio of around 55%.
Dividend Policy
The company positions the establishment of a highly sustainable corporate structure from a medium- to long-term perspective, together with enhancement of corporate value and shareholder returns, as key management priorities, with a basic policy of well-balanced capital management. For FY2026 (ending March 2026), the annual dividend is ¥97.50 (interim ¥42.50 + year-end ¥55.00), with a payout ratio of 79.2% and total dividends of ¥2,585 million. For FY2027 (ending March 2027), given the outlook that the challenging business environment will persist through the first half of the next medium-term management plan (FY2027-FY2031), the company judges that returning more than 100% of the payout ratio over multiple years would not be reasonable from a financial soundness standpoint, and therefore forecasts a dividend of ¥75 per share (interim ¥27 + year-end ¥48), equivalent to a 100% payout ratio. The policy is to maintain a target equity ratio of around 55% while implementing measures necessary for growth, and to allocate the remaining profit to shareholder returns.
ESG
The company has established a Sustainability Promotion Committee chaired by the Representative Director, disclosing GHG emissions (Scope 1, 2, and 3) and conducting scenario analysis based on TCFD recommendations. It is advancing multifaceted initiatives across environmental, social, and human capital areas, including a Human Rights Policy (formulated in May 2025), a Health Management Declaration (formulated in December 2025), diversity promotion, and the operation of solar power plants.
Last updated: June 24, 2026