YOTAI REFRACTORIES CO.,LTD.
5357・Prime Market・Glass & Ceramics Products
Governance
The company has a Board with Audit and Supervisory Committee. It has 8 directors (3 of whom are outside directors) and has established a Nomination and Compensation Advisory Committee (with independent outside directors comprising a majority and serving as chair), combined with an executive officer system introduced in July 2020 to separate supervisory and executive functions.
Risk Management
The Board of Directors establishes basic policies for building the internal control system, and the Audit Office, the Audit and Supervisory Committee, and the accounting auditor cooperate to conduct internal audits. The company has established a crisis management regulation, a monitoring regulation, and an internal whistleblowing regulation, and has built a system to periodically review the identification and assessment of risks. Climate-related risks are identified and assessed by the Sustainability Committee, with final approval by the Board of Directors.
Shareholder Returns
Under the second medium-term management plan (FY2024–FY2026), the company has set a shareholder return target of a consolidated dividend payout ratio of 60% or ¥85 per share, whichever is higher, and considers share buybacks by comprehensively weighing its financial condition and other factors. In FY2024, the company paid an annual dividend of ¥90, consisting of an interim dividend of ¥45 and a year-end dividend of ¥45.
Dividend Policy
Based on the principle of maintaining stable, continuous dividends, the company pays dividends in line with earnings while strengthening its financial structure and expanding internal reserves. Under the second medium-term management plan (FY2024–FY2026), the target is a consolidated dividend payout ratio of 60% or ¥85 per share, whichever is higher. The Articles of Incorporation stipulate that dividends of surplus may be paid flexibly by resolution of the Board of Directors.
ESG
For climate change response, the company has conducted scenario analysis based on the TCFD framework and set its FY2030 GHG Scope 1+2 emissions reduction target at 40% or more versus FY2014 levels (revised upward after achieving the initial 30% target ahead of schedule). In human capital, the company has established three pillars—"challenge, individual independence and self-reliance, and responding to technological sophistication"—and has obtained certification as an Excellent Health & Productivity Management Corporation 2026 (Large Enterprise Category), while also working to improve the ratio of female managers and promote diversity.
Last updated: June 24, 2026