ReproCELL Incorporated
4978・Growth Market・Chemicals
Governance
The company has a Board of Corporate Auditors. The Board of Directors consists of 3 members (including 1 outside director), and the Board of Corporate Auditors consists of 3 outside corporate auditors. Neither a nomination committee nor a compensation committee has been established.
Risk Management
Management risks (including sustainability-related risks) are analyzed and examined by the responsible departments and directors, and deliberated by the Board of Directors as necessary. The company also utilizes advice from external experts such as lawyers, certified public accountants, and patent attorneys, and conducts J-SOX audits at subsidiaries to build an internal control system across the entire group.
Shareholder Returns
No dividends have been paid since establishment. Because R&D and clinical trial expenses precede revenue generation, the company maintains a policy of prioritizing internal reserves for the time being. It plans to remain dividend-free in FY2027 (ending March 2027) as well. While it states that it will consider paying dividends in the future taking into account business performance and financial condition, no specific timing or level has been determined. No share buybacks have been implemented.
Dividend Policy
The company has not paid profit dividends or distributions from surplus to shareholders since its founding. For the time being, it will continue to prioritize securing funds to strengthen its corporate structure and to continue R&D activities, and will not pay dividends. In the future, it will consider profit dividends and distributions from surplus while taking into account business performance and financial condition. The dividend forecast for FY2027 (ending March 2027) is also no dividend (¥0).
ESG
The core of the sustainability strategy is securing and developing human resources, with initiatives including a flextime system, an incentive program for executives, and employee education. However, quantitative indicators and targets have not yet been set, and disclosure regarding other sustainability-related risks and opportunities, such as climate change, has been omitted on the grounds that they are not recognized as highly material.
Last updated: June 26, 2026