NOVAC CO.,LTD.
5079・Standard Market・Construction
Governance
Company with a Board of Corporate Auditors. Composed of 7 directors (2 of whom are outside directors) and 4 corporate auditors (3 of whom are outside auditors). It has established a Compliance and Risk Management Committee reporting directly to the Board of Directors, as well as a voluntary Nomination and Compensation Advisory Committee in which outside officers hold a majority. The accounting auditor is KPMG AZSA LLC.
Risk Management
The Company has established its "Risk Management Regulations," under which the Compliance & Risk Management Committee (meeting four times a year), reporting directly to the Board of Directors, identifies risks across the entire company, formulates countermeasures, and provides oversight, reporting regularly to the Board of Directors. In the event of an emergency, the President and Representative Director establishes an emergency response headquarters. The Company has also set up internal and external whistleblowing contact points, striving to prevent misconduct before it occurs and to detect it at an early stage. It also coordinates with the SDGs Project and the Quality/Environmental Management System (ISO9001/ISO14001) to enhance the effectiveness of risk management.
Shareholder Returns
For FY2026 (ending April 2026), the company plans an interim dividend of ¥60 and a year-end dividend of ¥60 (¥120 annually), with a payout ratio of 52.6%. For FY2027 (ending April 2027), the annual dividend is forecast to be maintained at ¥120 (payout ratio of 80.3%). There have also been small-scale acquisitions and disposals of treasury stock.
Dividend Policy
The company's basic policy is to pay stable and continuous dividends from surplus. Under the Medium-Term Management Plan 2024–2027, it aims to maintain the ordinary dividend at ¥120 while targeting a DOE (dividend on equity ratio) of 3% or more. Year-end dividends are determined by resolution of the shareholders' meeting, and interim dividends by resolution of the Board of Directors. For FY2026 (ending April 2026), the dividend consists of an interim dividend of ¥60 and a year-end dividend of ¥60 (¥120 annually), with total dividends of ¥618 million, a payout ratio of 52.6%, and a dividend on net assets ratio of 3.3%. The forecast for FY2027 (ending April 2027) also maintains an annual dividend of ¥120 (interim ¥60, year-end ¥60), with a forecast payout ratio of 80.3%. Retained earnings are allocated to investments for strengthening the management structure and expanding business operations.
ESG
The company operates a quality and environmental management system based on ISO9001 and ISO14001, and launched an SDGs project in FY2024 (ending April 2024), identifying seven materiality issues (consideration for the global environment, realization of a resilient society, community development, promotion of diverse human resource participation, high-quality construction, human resource development, and appropriate governance). A greenhouse gas emissions management system has been introduced since the end of FY2024, with efforts underway to visualize emissions and set targets. On the human capital front, the company is working on expanding the hiring of women, workstyle reform, promoting diversity, and improving productivity through the use of DX. KPIs and numerical targets are still at the planning stage.
Last updated: July 29, 2025