THE YOKOHAMA RUBBER CO., LTD.
5101・Prime Market・Rubber Products
Governance
Company with an Audit and Supervisory Committee (transitioned in March 2023). The Board of Directors consists of 11 members in total—5 internal and 6 outside directors (including 2 Audit and Supervisory Committee members)—with outside directors accounting for approximately 54.5% of the board. An Executive Officer Nomination and Compensation Committee (composed of 2 Representative Directors and 3 Independent Outside Directors, 5 members in total) has been established to ensure transparency in nominations and compensation. In FY2025, the Board of Directors met 14 times.
Risk Management
A "Risk Management Committee" chaired by the officer in charge of risk management has been established to manage, on a cross-organizational basis, risks that could have a material impact on management. Specialized subcommittees have been set up for each risk category, including compliance, health and safety, the environment, and information security, and a framework has been built whereby their activities are reported to the Board of Directors on a regular basis. With respect to climate change risk, scenario analyses based on 1.5°C and 4°C scenarios have been conducted in line with the TCFD recommendations, and both transition risks and physical risks are assessed and managed.
Shareholder Returns
The annual dividend forecast for FY2026 (ending December 2026) is ¥172 per share (interim ¥62 + year-end ¥110), an increase of ¥38 from the previous fiscal year's actual dividend of ¥134. The company continues its policy of targeting a payout ratio of 30% and a total return ratio of 30% or more. Treasury stock repurchases of ¥1 million were carried out in Q1 of the current fiscal year (minimal amount).
Dividend Policy
The basic policy is to continue stable dividends, paid twice a year (interim and year-end). The annual dividend forecast for FY2026 (ending December 2026) is ¥172 per share (interim ¥62 + year-end ¥110), representing a projected increase of ¥38 from the previous fiscal year's actual dividend of ¥134 (interim ¥48 + year-end ¥86). The company continues its policy of targeting a payout ratio of 30% and a total return ratio of 30% or more. There has been no revision to the most recently announced dividend forecast.
ESG
The company endorses the TCFD recommendations and has set targets of a 30% reduction in Scope 1+2 emissions by FY2026 versus FY2019 and carbon neutrality by 2050 (FY2024 actual: -10.6%). The renewable/recycled material usage rate reached 30.4% in FY2025 (already exceeding the FY2026 target of 28%). In human capital, the company achieved a female manager ratio of 3.5% (FY2026 target: 5%) and a male childcare leave uptake rate of 100.7% (FY2025). It has identified six materiality areas based on double materiality and obtained third-party verification of GHG emissions from SGS Japan. The company also promotes supply chain and biodiversity initiatives, including human rights due diligence for natural rubber plantations and the "YOKOHAMA Forever Forest" tree-planting activity (cumulative total of over 1.49 million trees).
Last updated: March 27, 2026