HAVIX CORPORATION
3895・Standard Market・Pulp & Paper
Governance
A company with an Audit and Supervisory Committee (transitioned in 2019). The Board of Directors consists of 6 members (including 2 outside directors and 2 independent officers) and meets 17 times per year. A voluntary Nomination and Compensation Committee has been established, chaired by an independent outside director. Following the general shareholders' meeting in June 2026, the company plans to transition to a 7-director structure.
Risk Management
The company has established a Risk Management Committee, headed by the President as the overall responsible officer, based on its Risk Management Regulations. It conducts risk assessments based on impact and frequency of occurrence and formulates preventive measures, and has established a BCP response framework for natural disaster risks. A system has been built whereby the Audit and Supervisory Committee and the Internal Audit Office immediately report to the Board of Directors upon discovering any risk.
Shareholder Returns
Dividend per share for FY2026 (ending March 2025) is ¥16 (ordinary dividend only, following the lapse of the ¥2 special dividend commemorating the 20th anniversary of listing paid in the prior period). Payout ratio is 22.9%. A ¥16 dividend is also forecast for FY2027 (ending March 2026). As earnings guidance has not yet been determined, the payout ratio target is undetermined. Share buybacks can be conducted flexibly under the company's articles of incorporation.
Dividend Policy
The basic policy is to continue stable dividends while securing internal reserves for future sustainable growth and comprehensively considering financial condition and payout ratio, among other factors. The basic approach is to pay dividends once a year at fiscal year-end, though interim dividends are also permitted under the articles of incorporation. The actual result for FY2026 (ending March 2025) was an ordinary dividend of ¥16 (payout ratio of 22.9%), and the forecast for FY2027 (ending March 2026) is also an ordinary dividend of ¥16.
ESG
On the environmental front, the company has set targets of a 46% reduction in GHG emissions by 2030 (versus 2013) and carbon neutrality by 2050, with actual results for the fiscal year under review showing a 39.3% reduction. On the social front, the company is working on promoting diversity (ratio of female assistant managers and above at 9.8%, against a target of 10%), health management, and respect for human rights, with the Sustainability Committee leading the PDCA cycle.
Last updated: June 22, 2026