AIR WATER INC.
4088・Prime Market・Chemicals
Governance
Company with a Board of Corporate Auditors. The Board of Directors consists of 9 members in total, 6 internal and 3 outside directors (as of June 25, 2025), with an outside director ratio of 33.3%. In August 2022, a voluntary Nomination and Compensation Committee was established, chaired by an outside director. Directors' terms of office are one year.
Risk Management
The Compliance Office serves as the coordinating department, managing risks across the group, and the Risk Management Study Committee is held on a regular basis. Since fiscal 2025, the Sustainability Promotion Committee has established a framework to identify and specify risks and opportunities related to key sustainability issues, and to submit proposals and reports to the Executive Committee and the Board of Directors. Climate change and natural capital risks are evaluated and analyzed by the Carbon Neutral Promotion Office based on TCFD and TNFD methodologies.
Shareholder Returns
Progressive dividends are the basic policy; the interim dividend for FY2025 is ¥37.50 per share (up from ¥32.00 in the same period of the prior year). The full-year annual dividend forecast is maintained at ¥75.00 (interim ¥37.50 + year-end ¥37.50). Although a loss attributable to owners of the parent has been recorded in the current period due to losses from inappropriate accounting treatment, there is no revision to the dividend forecast.
Dividend Policy
The basic policy is progressive dividends (in principle, dividends will not be reduced), with a target payout ratio of 35% of profit attributable to owners of the parent. Dividends are paid twice a year, with record dates of September 30 and March 31. Distributions of surplus are determined by resolution of the Board of Directors. The annual dividend forecast for FY2026 (ending March 2026) is ¥75.00 per share (interim ¥37.50 + year-end ¥37.50).
ESG
Under its endorsement of TCFD (August 2021) and TNFD (May 2025), the company has set targets of a 30% reduction in Scope 1+2 emissions by FY2030 (versus FY2020) and a 30% reduction in Scope 3 sales-based emission intensity (versus FY2024). Scope 1+2 emissions in FY2024 (ending March 2025) were 2,800 thousand t-CO2e, a 2.9% reduction versus the base year. On the human capital front, the company has set a target of 10% or more for the ratio of female managers (FY2024 actual: 5.7%), and the male childcare leave uptake rate was 71.4% (FY2024). The company has obtained and maintained the Platinum Kurumin certification. Internal Carbon Pricing (ICP) was introduced as an investment decision-making metric starting in FY2024.
Last updated: June 25, 2025