HIKARI BUSINESS FORM CO., LTD.
3948・Standard Market・Pulp & Paper
Governance
Company with a Board of Corporate Auditors. Comprised of 6 directors (2 outside) and 4 corporate auditors (3 outside). A voluntary nomination and compensation committee has been established to ensure fairness and transparency in the nomination and compensation of directors. In April 2025, the Management Committee was clarified, and governance was strengthened by having a full-time corporate auditor participate.
Risk Management
The Company has established a task force headed by the President, based on its crisis management regulations, and has built a system to minimize damage in cooperation with outside experts such as its legal counsel. Materiality is identified at the Sustainability Policy Meeting (held once a year), progress is monitored quarterly by the Corporate Planning Office, and a framework has been established whereby the Board of Directors deliberates on and oversees these matters.
Shareholder Returns
The basic policy is to pay dividends twice a year (interim and year-end); the annual dividend forecast for FY2026 (ending December 2026) is ¥50 per share (interim ¥25 + year-end ¥25). This represents an 11.1% increase from the previous fiscal year's actual dividend of ¥45. The company also disposed of treasury shares (6,440 shares) as restricted stock compensation.
Dividend Policy
The basic policy is to determine stable dividend amounts by comprehensively taking into account business performance, future business development and earnings conditions, and internal reserves for strengthening the corporate structure. Dividends of surplus are, in principle, paid twice a year through interim and year-end dividends, with the interim dividend determined by resolution of the Board of Directors and the year-end dividend determined by resolution of the General Meeting of Shareholders. The actual results for FY2025 (ending December 2025) were an interim dividend of ¥20 and a year-end dividend of ¥25, totaling ¥45. The forecast for FY2026 (ending December 2026) is an interim dividend of ¥25 and a year-end dividend of ¥25, totaling ¥50 (an increase from the previous fiscal year).
ESG
On the environmental front, the company has set a target of switching 25% of the electricity consumed at its four production sites to green power by 2027, and is promoting expanded use of FSC-certified paper and the shift to digital printing. On the human capital front, the transition to a new personnel system was completed in 2024; the ratio of female managers reached 13.2% in 2025 (target: 15% in 2026), and the rate of male employees taking childcare leave reached 40% in 2025 (target: 50% or more every year), as the company promotes diversity, equity & inclusion and health management.
Last updated: March 25, 2026