TOKYO STEEL MANUFACTURING CO., LTD.
5423・Prime Market・Iron & Steel
Governance
Company with an Audit and Supervisory Committee. As of the filing date, the board consists of 5 members in total: 2 directors (excluding Audit and Supervisory Committee members) and 3 Audit and Supervisory Committee members (2 of whom are outside directors). The company introduced an executive officer system in 2019 and has established a voluntary Nomination and Compensation Committee, aiming to enhance both prompt decision-making and oversight functions.
Risk Management
Identification and assessment of climate-related risks and opportunities is incorporated into company-wide integrated risk management, and is managed through a hierarchical process running from each plant's Environmental Committee → the Central Environmental Committee/Company-wide Carbon Neutrality Promotion Committee → the Board of Directors. Scenario analyses under 1.5°C–2°C and 4°C scenarios based on the TCFD recommendations have been conducted, quantitatively assessing the financial impact of the introduction of carbon pricing (approximately ¥29.0 billion as of 2030) and physical risks (a decrease of approximately ¥10.1 billion in sales in the event of a two-week production stoppage).
Shareholder Returns
The company implements shareholder returns combining dividends and share buybacks with a target total payout ratio of 25-30%. In FY2026 (ending March 2026), share buybacks of ¥2,641 million were conducted. Net assets stood at ¥222,089 million (restated), with net assets per share of ¥2,166.30.
Dividend Policy
The company adopts a total payout ratio target of 25-30% in principle, returning value to shareholders through dividends and share buybacks. Dividends of surplus are paid twice a year (record dates at the end of March and end of September). To enable agile financial and capital policy, the authority to decide on dividends and other matters is delegated to the Board of Directors (as provided in the Articles of Incorporation). While placing emphasis on strengthening internal reserves, the policy is to make returns based on achieving a high level of profit. Dividends of surplus (change during the period) for FY2026 (ending March 2026) amounted to ¥5,167 million.
ESG
Under its long-term environmental vision "Tokyo Steel EcoVision 2050," the company has set a target of carbon neutrality by 2050, aiming to reduce CO2 emissions per ton of steel products by 60% (to approximately 0.21 t-CO2) by 2030 compared to FY2013 levels, and to achieve substantially zero emissions by 2050. The FY2024 result was approximately 0.36 t-CO2 (a 33% reduction versus the base year). In terms of human capital, the company is working to raise the ratio of female managers (from 2.6% as of FY2026 (ending March 2026) to 5% in April 2026), formulated a
Last updated: June 23, 2026