Chuetsu Pulp & Paper Co., Ltd.
3877・Prime Market・Pulp & Paper
Governance
The company operates as a Company with an Audit and Supervisory Committee, with a board of directors including three outside directors (all of whom are independent officers), and has separated oversight from business execution through the introduction of an executive officer system. In March 2023, it established a Nomination and Compensation Committee to strengthen governance.
Risk Management
The company has organized an Internal Control Committee (meeting twice a year), an Environmental Conservation Committee, a Health and Safety Committee, and other bodies, developing a risk management framework in coordination with each department. With respect to climate change, the Climate Change Response Promotion Group, headed by the director in charge of environmental management, identifies and assesses risks, and a framework has been established whereby material risks are submitted to and reported to the Board of Directors.
Shareholder Returns
The basic policy is to continue stable dividends. The annual dividend for the current fiscal year is ¥70 (interim ¥35, year-end ¥35 planned), an increase of ¥10 year on year. The articles of incorporation allow flexible share buybacks by resolution of the Board of Directors, but no specific record of implementation is disclosed. No numerical target for the payout ratio is disclosed.
Dividend Policy
The basic policy is to maintain a certain level of shareholders' equity while taking into account the current business conditions and future business development, and to continue stable dividends that reflect earnings. Interim dividends are resolved by the Board of Directors, and year-end dividends are resolved by the General Meeting of Shareholders. The annual dividend for the current fiscal year is ¥70 (interim ¥35, year-end ¥35 planned), an increase of ¥10 compared to the previous fiscal year.
ESG
In climate change response, the company has set a target of reducing fossil-fuel-derived CO₂ emissions by 55% from FY2013 levels by FY2030 (a 48.2% reduction was achieved in FY2024 results), and joined the GX League in FY2024, declaring carbon neutrality by 2050. In terms of human capital, the company achieved a 100% childcare leave utilization rate and a 100% health checkup participation rate, and has set a target of raising the ratio of women and mid-career hires among management positions to 25% or more by March 2033.
Last updated: June 25, 2026