CEL Corporation
5078・Standard Market・Construction
Governance
Company with a Board of Corporate Auditors. Composed of 9 directors (including 3 outside directors) and 3 corporate auditors (including 2 outside corporate auditors). The company has established a Nomination and Compensation Advisory Committee (with outside directors comprising a majority), an Internal Control Committee, a Risk and Compliance Committee, and other bodies to build an effective governance structure. The Board of Directors met 19 times during the fiscal year under review.
Risk Management
Based on the "Risk Management Regulations," the company has established a framework in which the Risk & Compliance Committee, chaired by the Representative Director, and the Internal Audit Office (4 dedicated staff) collaborate to identify, assess, and address risks, drawing on the advice of external experts as needed. The Internal Control Committee manages financial reporting risks using a Risk Control Matrix (RCM), with results reported periodically to the Board of Directors.
Shareholder Returns
The annual dividend forecast for FY2027 (ending February 2027) is ¥160 per share (paid at fiscal year-end in a lump sum), an increase of ¥25 year-on-year. The company continues its performance-linked dividend policy based on a payout ratio target of 30%. In addition, based on a resolution at an extraordinary general meeting of shareholders, the company is conducting a share buyback with an upper limit of 100,000 shares and ¥800,000 thousand, of which 100,000 shares (¥502 million) had already been acquired as of the first quarter.
Dividend Policy
The company returns profits to shareholders in line with business performance, based on a target payout ratio of 30%. As a basic policy, dividends are paid once annually at fiscal year-end, with flexible implementation based on resolutions of the Board of Directors. The annual dividend forecast for FY2027 (ending February 2027) is ¥160 per share (¥0 at the second quarter-end, ¥160 at fiscal year-end). Retained earnings are allocated to proactive investment in technological innovation, human capital, and digitalization, etc., based on "Vision 2030."
ESG
The company incorporates environmental and safety initiatives into its products, such as Tokyo Zero Emission Housing specifications and Seismic Grade 3 compliance, while sustainability-specific governance structures, indicators, and targets have not yet been established and are planned to be developed going forward. Regarding human capital, the company is advancing a human resources strategy (job-based personnel system, company system) linked to
Last updated: June 19, 2026