COVER Corporation
5253・Growth Market・Information & Communication
Governance
The company operates as a company with an Audit and Supervisory Committee, with a Board of Directors composed of 10 members (including 6 outside directors, an outside director ratio of 60%). A Compensation Committee has been established to ensure transparency and fairness. No Nomination Committee has been established.
Risk Management
The Company has established a Chief Officer based on its Risk and Compliance Management Regulations. A Risk and Compliance Committee is maintained on a standing basis and convenes at least once per quarter. Sustainability risks are managed through a four-step process of identification, analysis, evaluation, and response, with a structure in place whereby each risk owner addresses material issues approved by the Board of Directors.
Shareholder Returns
No dividends have been paid since founding. No dividend is planned for FY2026 (ending March 2026) (annual dividend of ¥0). No dividend is also forecast for FY2027 (ending March 2027). Meanwhile, at the Board of Directors meeting resolution on May 14, 2026, the company resolved to acquire treasury shares up to a maximum of 3,000,000 shares and a maximum total acquisition amount of ¥3,000,000,000 (acquisition period: May 15, 2026 to July 8, 2026).
Dividend Policy
As the company is currently in a growth phase, it aims to strengthen internal reserves and positions investment in business expansion and efficiency improvement as the greatest benefit it can return to shareholders. No dividends have been paid since founding, and the annual dividend is ¥0 for both FY2026 (ending March 2026) and FY2027 (ending March 2027) (forecast). Going forward, the company plans to consider returning profits to shareholders while taking into account the business results of each fiscal year, but the possibility and timing of dividend payments remain undetermined at this time. Additionally, at the Board of Directors meeting held on May 14, 2026, the company resolved to acquire treasury shares as part of efforts to improve capital efficiency and implement agile capital policy, demonstrating its stance of utilizing treasury share buybacks as a means of shareholder returns.
ESG
Climate change risk analysis referencing the TCFD framework is in progress. On the human capital front, the company has set metrics such as a 91.3% one-year retention rate for new hires (achieving the 90% target), a 75.0% childcare leave utilization rate (progressing toward the 80% target), and a 14.3% ratio of foreign national employees (target: 20%). As a countermeasure against online defamation and harassment, the company took 149 legal actions between April 2025 and March 2026, strengthening its creator protection framework.
Last updated: July 3, 2026