KEIWA Incorporated
4251・Prime Market・Chemicals
Governance
Effective October 28, 2025, the company transitioned from a company with a board of corporate auditors to a company with an audit and supervisory committee. The board consists of 13 directors (post-transition), including 5 outside directors (of which 2 are audit and supervisory committee members). The company has established a Nomination and Compensation Advisory Committee (composed of a majority of independent outside directors), and introduced an executive officer system in March 2021. The attendance rate at board meetings for all directors was 100%.
Risk Management
The company has established a system in which the Risk Management Committee, chaired by the President and Representative Director, deliberates on risk analysis and countermeasures and reports to the Board of Directors and the Audit and Supervisory Committee. A CSV Committee has been set up within the Risk Management Committee to oversee environmental and social risks, including climate change, on a quarterly basis. The company also receives advice and guidance on legal matters in general under an advisory agreement with a law firm.
Shareholder Returns
Basic policy is stable dividends targeting a DOE of 4% and a payout ratio of 30%, with forecast annual dividend for FY2026 (ending December 2026) of ¥50.00 per share (paid in full at fiscal year-end). The actual dividend for the previous period (FY2025, ended December 2025) was ¥40.00 per share. No mention of share buybacks.
Dividend Policy
The basic policy is to pay stable dividends that grow in line with profit growth, targeting a return on shareholders' equity (DOE) of 4% and a payout ratio of 30%. Interim dividends are resolved by the Board of Directors, and year-end dividends are resolved at the Annual General Meeting of Shareholders. The actual result for FY2025 (ended December 2025) was a year-end dividend of ¥40.00 per share (annual total of ¥40.00). The forecast for FY2026 (ending December 2026) is an interim dividend of ¥0.00 at the second-quarter end and a year-end dividend of ¥50.00 (annual total of ¥50.00). There has been no revision from the most recently announced dividend forecast.
ESG
Endorsed the TCFD recommendations and conducted scenario analysis. In 2025, achieved a 54.4% reduction in CO2 emissions (Scope 1+2) versus 2013, and aims for a 100% conversion to renewable energy by 2040. In terms of human capital, the company obtained certification as an
Last updated: March 23, 2026