SmartDrive inc.
5137・Growth Market・Information & Communication
Governance
Company with an Audit and Supervisory Committee (transitioned in December 2023). The Board of Directors consists of 8 members (including 5 Audit and Supervisory Committee members; all 4 outside directors are Audit and Supervisory Committee members). No Nomination Committee or Compensation Committee has been established. An executive officer system has been introduced to separate management oversight from business execution. The accounting auditor is Deloitte Touche Tohmatsu LLC.
Risk Management
The company has established the "Compliance and Risk Management Regulations," and holds a Risk Management Committee meeting once every quarter, with the head of the administrative department serving as the officer responsible for promoting risk management. Sustainability-related risks are managed under the leadership of the Board of Directors, and internal audit personnel (2 members) verify the appropriateness and effectiveness of the overall risk management system. A collaborative framework with external experts (lawyers, certified public accountants, etc.) has also been established.
Shareholder Returns
Currently no dividend. Priority is given to building up internal reserves for growth investment, and the possibility and timing of dividend commencement remain undetermined. The company plans to make appropriate decisions in the future in light of its business results and financial condition. No share buybacks have been confirmed either.
Dividend Policy
As the company considers itself to be in a growth phase, priority is currently given to building up internal reserves. Going forward, the company plans to pay dividends while taking into account its business results and financial condition for each fiscal period, but at present the possibility of dividend implementation and its commencement timing remain undetermined. Note that under the Articles of Incorporation, a framework has been established to allow flexible profit distribution by resolution of the Board of Directors.
ESG
No dedicated sustainability department has been established; sustainability initiatives are promoted under the existing corporate governance framework. The company positions human capital as its most important management resource, working on internal environment improvements such as diverse hiring (foreign nationals, women, persons with disabilities), remote work and flextime systems, and permitting side jobs. Quantitative sustainability-related indicators and targets have not yet been set, with further refinement planned going forward.
Last updated: December 22, 2025