Encourage Technologies Co., Ltd.
3682・Standard Market・Information & Communication
Governance
The company operates as a Company with an Audit and Supervisory Committee, with the Board of Directors comprising 8 directors (including 2 outside directors). A voluntary compensation committee has been established, chaired by an outside director, to strengthen oversight functions.
Risk Management
Based on the "Risk and Compliance Management Regulations," the Risk and Compliance Committee meets at least once per quarter to manage risk through a PDCA cycle. In the event of an emergency, a task force headed by the President and Representative Director is established to enable a rapid response.
Shareholder Returns
Dividend policy targeting a payout ratio of at least 33.3% and a DOE (dividend on equity) of approximately 5%, paid as a single year-end dividend. FY2026 (ending March 2026) actual results were ¥26 per share (payout ratio 81.4%, DOE 4.9%), and the FY2027 (ending March 2027) forecast is ¥27 per share (payout ratio 80.7%, DOE 5%). There is a track record of share buybacks having been conducted.
Dividend Policy
In addition to a payout ratio target of at least 33.3%, the company aims for a DOE (dividend on equity) of approximately 5%, paying a single year-end dividend annually. FY2026 (ending March 2026) actual results were ¥26 per share (total dividends of ¥174 million, payout ratio 81.4%, DOE 4.9%). The FY2027 (ending March 2027) forecast is ¥27 per share (payout ratio 80.7%, DOE 5%). Retained earnings are policy-allocated to securing IT personnel, IT investment, R&D investment, M&A, and other purposes.
ESG
Positioning "human capital" as a materiality issue, the company is promoting initiatives such as the introduction of the flexible HR system "ESS," six consecutive years of 6% wage increases, a target to double the ratio of female managers (by FY2028, ending March 2028), and a target of 25 hours of average monthly overtime. While recognizing that the impact of climate change is limited, the company supports the use of renewable energy. It has continued to obtain certification as an "Outstanding Health & Productivity Management Organization 2026."
Last updated: June 18, 2026