KYOEI STEEL LTD.
5440・Prime Market・Iron & Steel
Governance
The company has a Board of Corporate Auditors system. The Board of Directors consists of 9 members (4 outside directors, an outside ratio of approximately 44%), and all outside directors have been designated as TSE Independent Officers. A voluntary Nomination and Compensation Advisory Committee (with a majority of independent outside directors) has been established, and the executive officer system separates the supervisory and executive functions.
Risk Management
A Risk Management Committee, chaired by the President, screens, identifies, and evaluates risks across the entire Group, and has established three specialized subcommittees: the Risk and Compliance Subcommittee, the Climate Change Subcommittee, and the Information Security Subcommittee. The Board of Directors receives regular reports and maintains an oversight structure.
Shareholder Returns
The basic policy targets a consolidated dividend payout ratio of 30–35% (with an annual minimum of ¥30 per share). The annual dividend for FY2026 (ending March 2026) is ¥90 per share (interim ¥30 + year-end ¥60), a payout ratio of 39.7%. The forecast for FY2027 (ending March 2027) is an annual dividend of ¥70 per share (interim ¥30 + year-end ¥40), with a projected payout ratio of 33.8%. A minor amount of share buybacks was conducted during the current fiscal year.
Dividend Policy
The policy targets a consolidated dividend payout ratio of 30–35% annually, with dividends aimed at maintaining a minimum annual dividend of around ¥30 per share. From the long-term perspective of a capital-intensive industry, the company aims to provide shareholder returns at an appropriate level while securing the internal reserves necessary for business growth and strengthening its corporate foundation. Dividends of surplus are paid twice a year (interim and year-end). For FY2026 (ending March 2026), the payout ratio of 39.7% exceeded the basic policy, but after comprehensively considering the financial position and other factors, the annual dividend was set at ¥90.
ESG
Centered on a resource-recycling business based on electric arc furnaces, the company is advancing climate change response in line with TCFD recommendations (targeting a 50% reduction in CO2 emissions by FY2030 versus FY2013 levels, with a 37% reduction achieved in FY2025). Regarding human capital, approximately ¥5.0 billion is being invested over the three years of the medium-term management plan, achieving a 16.3% ratio of female career-track employees and a 3.7% ratio of female managers. The company has been certified as an "Excellent Health Management Corporation" for five consecutive years.
Last updated: June 23, 2026