BLUE ZONES HOLDINGS CO., LTD.
417A・Prime Market・Retail Trade
BLUE ZONES HOLDINGS CO., LTD.
417A・Prime Market・Retail Trade
Governance
Blue Zone Holdings is a newly established holding company that has not yet been incorporated as of the filing date of this report, and its own governance structure has not yet been determined. Yaoko, which will become a wholly owned subsidiary, is a company with a board of corporate auditors, comprising 8 directors (3 of whom are outside directors) and 4 corporate auditors (3 of whom are outside auditors), and has established a Nomination Committee and a Compensation Committee as advisory bodies to the Board of Directors, each chaired by and with a majority of independent outside directors. The Company plans to build a governance structure equal to or exceeding that of Yaoko by the time of its listing on the Prime Market on October 1, 2025.
Risk Management
The Company's own risk management framework has not yet been determined. At Yaoko, which will become a wholly owned subsidiary, a Risk Management Committee, Internal Control Committee, Compliance Committee, and Environmental Committee have been established with the Risk Management Office—under the direct control of the President—at their core, managing risks across the group both comprehensively and on an individual company basis. The Audit Department, which is independent from business lines, conducts internal audits as needed, including of subsidiaries, to verify the appropriateness and effectiveness of the compliance and internal control systems.
Shareholder Returns
Basic policy of maintaining stable dividends and appropriate profit distribution. The year-end dividend for FY2026 (ending March 2026) is ¥97.50 per share (equivalent to ¥160 on an annual basis), with a payout ratio of 16.8%. For FY2027 (ending March 2027), an annual dividend of ¥32, adjusted for the 1-for-5 stock split, is planned. Share buybacks are limited to minor acquisitions only.
Dividend Policy
The basic policy is to maintain stable dividends and to distribute profits appropriately. Retained earnings are to be utilized for capital investment such as new store openings and renovations, as well as for education and system investment, with the policy of meeting shareholders' expectations through business expansion and strengthening of the business foundation. The year-end dividend for FY2026 (ending March 2026) is ¥97.50 per share (total dividend amount of ¥4,084 million, payout ratio of 16.8%, dividend on net assets ratio of 2.1%). In addition, when combined with the interim dividend of ¥62.50 per share (total dividend amount of ¥2,618 million) paid by the wholly owned subsidiary Yaoko, the effective annual dividend amounts to ¥160 per share (payout ratio of 27.6%, dividend on net assets ratio of 3.4%). For FY2027 (ending March 2027), taking into account the 1-for-5 stock split effective April 1, 2026, an annual dividend of ¥32 (¥16 at the end of the second quarter and ¥16 at year-end) is planned.
ESG
The company's own sustainability disclosure is "not applicable, as it is a newly established company." At Yaoko, which will become a wholly owned subsidiary, an Environmental Committee has been established, focusing on CO₂ emission reduction, plastic reduction, recycling promotion, and food loss reduction as priority issues. In terms of human capital, Yaoko discloses a ratio of women in management positions of 8.5%, a male childcare leave uptake rate of 41.0%, and a gender pay gap across all workers of 54.3% (77.3% for regular employees, 104.7% for part-time and fixed-term employees).
Last updated: June 17, 2026