CHUGOKU MARINE PAINTS,LTD.
4617・Prime Market・Chemicals
Governance
The company has adopted the structure of a company with a board of auditors, comprising a Board of Directors (7 members in total, including 3 outside directors), a Board of Auditors (4 members in total, including 2 outside auditors), and an executive officer system. It has voluntarily established a Nomination Advisory Committee and a Compensation Advisory Committee as advisory bodies to the Board of Directors, aiming to strengthen independence and objectivity.
Risk Management
The Company has established a Risk Management Committee comprising executive directors and heads of each division, which oversees the identification, assessment, and countermeasures for risks across the corporate group. It has built an integrated risk management framework in coordination with the Sustainability Committee, and has put in place a system for reporting significant risks to the Board of Directors at least once a year.
Shareholder Returns
Annual dividend for FY2026 (ending March 2026) is ¥111 per share (interim ¥48 + year-end ¥63, of which ¥14 is a special dividend), with a payout ratio of 50.1%. Under the new medium-term management plan (FY2026 (ending March 2026) through FY2031 (ending March 2031)), the company has set a progressive dividend policy starting from an annual dividend of ¥100 per share, with DOE of approximately 5% as a guideline. For FY2027 (ending March 2027), an annual dividend of ¥100 (interim ¥50 + year-end ¥50) is planned.
Dividend Policy
The basic policy is to pay dividends twice a year, interim and year-end. Under the previous medium-term management plan (April 2021 to March 2026), the company set a target of a consolidated total return ratio on equity (the ratio of the sum of dividends and share buybacks to shareholders' equity) averaging 5% or more over the plan period, a consolidated payout ratio of 40% or more, and a minimum annual dividend of ¥35 per share. The annual dividend for FY2026 (ending March 2026) is ¥111 per share (interim ¥48 + year-end ¥63), with total dividends of ¥5,507 million and a payout ratio of 50.1%. The year-end dividend breakdown is an ordinary dividend of ¥49 plus a special dividend of ¥14 (the method of return was changed from the originally planned share buyback of approximately ¥700 million). Under the new medium-term management plan (April 2026 to March 2031), the company has set a progressive dividend policy starting from an annual dividend of ¥100 per share (in principle maintaining or increasing the dividend without reduction), with a dividend on equity (DOE) of approximately 5% as a guideline. For FY2027 (ending March 2027), an interim dividend of ¥50 and a year-end dividend of ¥50, totaling ¥100 annually, are planned.
ESG
The Sustainability Committee, established in June 2022, manages materiality across five areas including climate change, environmental conservation, human capital, and supply chain, and reports to the Board of Directors on a quarterly basis. The company has set targets to reduce GHG emissions by 45% by FY2030 (ending March 2031) compared to FY2021 (ending March 2022) levels and to achieve carbon neutrality by 2050, while positioning its contribution to CO2 reduction in the shipping industry through antifouling bottom paints (targeting 1.8 million t-CO2 by FY2030 (ending March 2031)) as a business opportunity. In addition, the company introduced a role-based grading system and a multi-track personnel system in April 2026 to advance human capital management.
Last updated: June 23, 2026