Mipox Corporation
5381・Standard Market・Glass & Ceramics Products
Governance
Company with a Board of Corporate Auditors. The Board of Directors consists of 5 members (including 2 outside directors, an outside ratio of 40%), and held 19 meetings during the fiscal year under review. The Board of Corporate Auditors consists of 3 members (including 2 outside corporate auditors), and works in coordination with the Internal Audit Office, which reports directly to the Representative Director and President, to maintain an oversight framework.
Risk Management
Based on the Basic Regulations for Risk Management, risks are defined across 10 categories including sales, technology, legal violations, information, overseas operations, accidents, and finance. The department in charge of management administration oversees company-wide risk and has established a system for reporting to the Board of Directors and the Internal Audit Office.
Shareholder Returns
The year-end dividend for FY2026 (ending March 2026) is ¥10 per share (total dividends of ¥140 million, payout ratio 27.6%). The same amount of ¥10 is forecast for FY2027 (ending March 2027). During the fiscal year, the company conducted share buybacks (expenditure of ¥199 million). Stable dividends are the basic policy.
Dividend Policy
While securing internal reserves for future business development and strengthening the management structure, the company aims for stable dividends and appropriate profit distribution taking business performance into account. The basic policy is to pay dividends from retained earnings once a year as a year-end dividend, with interim dividends (record date: September 30 each year) also possible by resolution of the Board of Directors. The year-end dividend for FY2026 (ending March 2026) is ¥10 per share (total dividends of ¥140 million, payout ratio 27.6%). For FY2027 (ending March 2027), a year-end dividend of ¥10 per share is also forecast.
ESG
On the environmental front, the company is working to reduce VOC and CO2 emissions through the introduction of LNG boilers and Regenerative Thermal Oxidizers (RTO), and has endorsed the GX League basic concept, setting a target of carbon neutrality by 2050. In terms of human capital, the company advocates a "culture where employees can take on challenges with peace of mind," promoting the development of self-directed personnel, the assurance of psychological safety, and improvements in working conditions. However, the ratio of female managers and the rate of male employees taking childcare leave remain below the national average, which the company recognizes as an issue to be addressed.
Last updated: June 19, 2026