Hodogaya Chemical Co., Ltd.
4112・Prime Market・Chemicals
Governance
Company with an Audit and Supervisory Committee (7 directors, 3 outside directors; ratio 42.9%). It has established a voluntary Nomination and Compensation Committee chaired by an independent outside director, and has introduced a short-term and medium-to-long-term performance-linked compensation system. The Board of Directors meets 16 times per year.
Risk Management
The Risk Management Committee meets regularly to identify and assess company-wide risks and formulate risk mitigation measures. The Internal Control Department provides cross-functional oversight of compliance and risk management, and the Internal Audit Department has adopted a dual reporting system. Under the Sustainability Promotion Committee, a TCFD Subcommittee, an Environmental Subcommittee, and an RC/QM Subcommittee have been established, and environmental risks, including climate change risks, are also discussed by the committee and reported to the Board of Directors.
Shareholder Returns
Stable and continuous shareholder return policy (with emphasis on DOE). The annual dividend for FY2026 (ending March 2026) is ¥50 per share (interim ¥25 + year-end ¥25), with total dividends of ¥813 million and a payout ratio of 26.0%. For FY2027 (ending March 2027), an annual dividend of ¥60 (interim ¥30 + year-end ¥30) is planned.
Dividend Policy
The company's policy is to comprehensively consider business trends, future business development, unforeseen risks, and other factors, and to determine stable and continuous appropriate returns with particular emphasis on the "Dividend on Equity (DOE)" ratio. The annual dividend for FY2026 (ending March 2026) is ¥50 per share (interim ¥25 + year-end ¥25), with total dividends of ¥813 million, a payout ratio of 26.0%, and a DOE of 1.6%. Note that a 2-for-1 stock split of common shares was implemented effective April 1, 2025, and the actual dividend for FY2025 (ended March 2025) was ¥90 per share (interim ¥45 + year-end ¥45). For FY2027 (ending March 2027), an annual dividend of ¥60 (interim ¥30 + year-end ¥30) is planned (payout ratio of 73.4%).
ESG
Conducted climate scenario analysis in response to TCFD recommendations, and introduced ICP (Internal Carbon Pricing) from FY2022. The new medium-term management plan "Code 2030" sets a 38% reduction in energy-derived CO2 emissions versus FY2013 as a key management issue. FY2025 results significantly exceeded non-financial targets, with CO2 emissions intensity of 0.387 t-CO2/¥ million (target: 0.868) and industrial waste generation of 2,758 tons (down 318 tons year-on-year). The FTSE Russell ESG rating score was 3.5 (FY2024 result).
Last updated: June 22, 2026