note inc.
5243・Growth Market・Information & Communication
Governance
A company with an Audit and Supervisory Committee. The Board of Directors consists of 6 directors (of which 3 are outside directors, all serving as Audit and Supervisory Committee members), with an outside director ratio of 50%. The three outside directors comprise a certified public accountant, an attorney, and a financial specialist. No nomination committee or compensation committee has been established. The Board of Directors met 18 times during the fiscal year, with attendance rates among all directors ranging from 94% to 100%.
Risk Management
The Company has established a Risk Management Committee, chaired by the Representative Director and CEO, which meets at least twice a year. Based on the Risk Management Regulations, the Company identifies, evaluates, and prioritizes individual risks, examines countermeasures, and conducts regular monitoring. It has also established a Compliance Committee, an internal whistleblowing system, and Personal Information Protection Regulations, and has built a framework to receive advice from external experts such as retained legal counsel as needed.
Shareholder Returns
Continued no-dividend policy. Dividends per share are expected to be ¥0 for both the interim and year-end of FY2026 (ending November 2026). The company prioritizes growth investment and building retained earnings. Share buybacks can be implemented flexibly under provisions in the Articles of Incorporation. A shareholder benefit program (note Points gift) has been introduced.
Dividend Policy
Annual dividends per share are ¥0 for both FY2025 (ending November 2025) and FY2026 (ending November 2026). As the company is currently in a growth phase, it has not paid dividends, and the year-end dividend forecast for FY2026 (ending November 2026) is also ¥0. The company plans to consider implementing dividends in the future, taking into account the balance with retained earnings as well as its financial condition and business performance. If dividends are paid, the basic policy is to pay a year-end dividend once annually, subject to resolution at the general shareholders' meeting. At present, whether and when dividends will be implemented remains undecided.
ESG
With human capital management as a key policy focus, the company discloses a 30.5% ratio of female managers (target: 50%), a 60% rate of paternity leave uptake among male employees (target: 80%), and a gender pay gap ratio of 74.5% (target: 90%). It is promoting improvements to the internal work environment, including productivity gains through company-wide adoption of AI tools, a flexible office attendance system, and raising the employee stock ownership plan incentive rate to up to 30%. On the business side, the company also engages in social contribution activities, such as operating the Creator Economy Association and providing note pro free of charge to public institutions.
Last updated: February 25, 2026