Mitsuboshi Belting Ltd.
5192・Prime Market・Rubber Products
Governance
The company has a Board of Corporate Auditors system (8 directors, of which 3 are outside directors; 3 corporate auditors, of which 2 are outside auditors). It has introduced an executive officer system to separate decision-making and oversight from business execution. It has established a voluntary Personnel and Compensation Advisory Committee (with independent outside directors holding a majority), ensuring independence and objectivity in nominations and compensation.
Risk Management
The Company has established a Risk Management Committee chaired by a director, which identifies and manages the suspension of business activities and the disruption of raw material supply as material risks. Regarding climate change risk, a framework has been put in place whereby the Sustainability Council and the Risk Management Committee collaborate to assess and oversee such risk and report to the Board of Directors.
Shareholder Returns
For FY2026 (ending March 2026), the annual dividend is ¥191 per share (interim ¥90 + year-end ¥101), with a payout ratio of 72.5% and a DOE of 5.4%. The same amount of ¥191 is forecast for FY2027 (ending March 2027). During the current fiscal year, the company carried out share buybacks totaling ¥1,000 million.
Dividend Policy
The basic policy is to pay dividends twice a year, an interim dividend (resolved by the Board of Directors) and a year-end dividend (resolved at the general shareholders' meeting). For FY2026 (ending March 2026), the annual dividend is ¥191 per share (interim ¥90 + year-end ¥101), with total dividends of ¥5,365 million, a payout ratio of 72.5%, and a net asset dividend rate (DOE) of 5.4%. For FY2027 (ending March 2027), an annual dividend of ¥191 (interim ¥90 + year-end ¥101) is forecast, with an expected payout ratio of 59.2%.
ESG
The company supports the TCFD recommendations and has conducted scenario analyses under both the 1.5°C and 4°C scenarios. In FY2025, CO₂ emissions from domestic sites decreased by 36.2% compared to FY2013 levels (26,086 t-CO₂e). The company targets a 40% reduction domestically by FY2026 and carbon neutrality by 2050, and is also engaged in biodiversity conservation, human rights due diligence, and supply chain ESG engagement (covering 70 major suppliers).
Last updated: June 25, 2026