PIA CORPORATION
4337・Prime Market・Services
Governance
Company with a board of corporate auditors. The board consists of 12 directors (including 5 outside directors, outside ratio 41.7%), and all 3 corporate auditors are outside auditors. Director terms are one year. The company has established a Risk Management Committee chaired by the CCO, and has also introduced takeover defense measures overseen by an independent committee.
Risk Management
The Risk Management Committee, chaired by the CCO (Chief Compliance Officer), works in coordination with the Sustainability Committee to establish a framework for identifying, evaluating, and managing risks through weekly executive meetings, corporate department reporting lines, and external information gathering. With respect to personal information protection, the company maintains a dedicated organizational structure and conducts ongoing audits through internal auditing.
Shareholder Returns
Resumed dividend payments in FY2025 for the first time in 6 fiscal periods, with a year-end dividend of ¥35 per share (payout ratio of 16.2%). The forecast for FY2027 (ending March 2027) is ¥30 per share. The company continues its policy targeting a total return ratio of 40% and a payout ratio of around 30%. It aims to reach the milestone of ¥100 per share in FY2032.
Dividend Policy
The policy is to continue stable dividends while securing the internal reserves necessary for future business expansion and strengthening the financial structure. Since FY2017, the company has set a target total return ratio (as a percentage of net income before returns) of 40% across the three pillars of "dividend policy," "share buybacks," and "shareholder benefits," with a consolidated payout ratio target of approximately 30%. In FY2025 (fiscal year ending March 2026), the company eliminated its accumulated deficit and resumed dividend payments for the first time in 6 fiscal periods, with a year-end dividend of ¥35 per share (total dividend amount of ¥546 million, payout ratio of 16.2%). The dividend forecast for FY2027 (ending March 2027) is ¥30 per share (payout ratio of 30.7%). As a long-term vision, the company has announced its policy to aim for the milestone of ¥100 per share in FY2032 (its 60th anniversary since founding).
ESG
Under the corporate philosophy of "Everyone Living Life to the Fullest," the Sustainability Committee, established in FY2021, meets 4-5 times per year and reports to the Board of Directors. Regarding human capital, the company discloses a ratio of women in department manager positions of 22.5% (target: 25% or more by 2030), a turnover rate of 2.5% (target: within 10% by FY2026 (ending March 2026)), and a training participation rate of 63.7% (target: 50% or more by FY2026 (ending March 2026)). The company is also engaged in promoting diversity, developing next-generation leaders, and health management initiatives.
Last updated: June 18, 2026