Oji Holdings Corporation
3861・Prime Market・Pulp & Paper
Governance
The company operates as a company with a board of company auditors, comprising 9 directors (including 4 independent outside directors). In 2025, it introduced a CxO system and revised its executive officer system, while also strengthening governance by appointing outside directors as chairs of both the Nomination Committee and the Compensation Committee.
Risk Management
The Sustainability Promotion Committee (meeting twice a year, chaired by the CEO) identifies and assesses risks and opportunities; after validity is confirmed at the Group Management Committee, the Board of Directors provides oversight. Climate change, biodiversity, human rights, and other issues have been identified as material topics, and scenario analysis is conducted in line with the TCFD and TNFD frameworks.
Shareholder Returns
Continuing stable dividends based on business performance, with an annual dividend of ¥24 per share as the floor. The payout ratio target was raised to 50% starting FY2025. Actual results for FY2026 (ending March 2026) were an annual dividend of ¥36 (an increase of ¥12 year-on-year), with a payout ratio of 58.9%. An annual dividend of ¥36 is also planned for FY2027 (ending March 2027). A total of ¥150.0 billion in share buybacks is planned from FY2024 through FY2027.
Dividend Policy
Continuing stable dividends based on business performance, with an annual dividend of ¥24 per share as the floor. The payout ratio target was raised from the previous 30% to 50% starting FY2025. Actual results for FY2026 (ending March 2026) were an interim dividend of ¥18 and a year-end dividend of ¥18, totaling an annual dividend of ¥36 (total dividends paid: ¥32,268 million; payout ratio: 58.9%). An annual dividend of ¥36 per share is also planned for FY2027 (ending March 2027). Under the Medium-Term Management Plan 2027, share buybacks of ¥120.0 billion are planned over the three-year period (¥150.0 billion from FY2024 through FY2027). The first phase, approximately ¥50.0 billion (December 2024 to December 2025), has been completed, and a decision has been made to acquire an additional ¥50.0 billion as the second phase by December 2026. In May 2026, a resolution was passed to cancel 100 million shares of already-acquired treasury stock (9.9% of total shares issued), with the cancellation scheduled for May 29, 2026.
ESG
The company positions "Carbon Neutrality, Nature Positive, and Circular Economy" as pillars of its long-term vision, targeting a 70% reduction in GHG emissions by FY2030 (versus FY2018, Scope 1 and 2) and net-zero carbon by FY2040. In terms of human capital, it has set targets of 8.5% for the ratio of female managers and 100% for the rate of male employees taking childcare leave, and links 8.25% of executive compensation to ESG evaluation indicators (occupational injury frequency rate, nature positive initiatives, and employee engagement).
Last updated: June 25, 2026