YAMATO KOGYO CO.,LTD.
5444・Prime Market・Iron & Steel
Governance
The company has a Board of Corporate Auditors. It has 10 directors (including 4 outside directors), and separated execution from oversight through the executive officer system introduced in June 2021. It has established a voluntary Nomination Committee and Compensation Committee (each chaired by an outside director), ensuring transparency and objectivity.
Risk Management
The Company has established a global integrated risk management framework with the Board of Directors at its apex, based on the "Basic Policy for Risk Management" and the "Crisis Management Regulations." The Sustainability Committee identifies and evaluates risks and opportunities, and a system is in place under which the Board of Directors and the Management Committee continuously monitor and oversee such matters.
Shareholder Returns
The basic policy targets a consolidated payout ratio of around 40% and a minimum annual dividend of ¥300, with an annual dividend of ¥400 (unchanged from the previous period) planned for FY2026 (ending March 2026). The payout ratio is 39.0%. An annual dividend of ¥400 (¥200 per share twice) is also planned for FY2027 (ending March 2027). Share buybacks are also being conducted (¥25,394 million in the current period).
Dividend Policy
The dividend amount for each period is determined with a target consolidated payout ratio of around 40%, while also striving to maintain continuous and stable dividends, with the minimum annual dividend per share set at ¥300 for the time being. Dividends are paid twice a year, as an interim dividend (end of second quarter) and a year-end dividend. FY2026 (ending March 2026) actual: annual dividend of ¥400 (¥200 at end of second quarter + ¥200 year-end), payout ratio of 39.0%, total dividends of ¥24,550 million. FY2027 (ending March 2027) forecast: annual dividend of ¥400 (¥200 at end of second quarter + ¥200 year-end), forecast payout ratio of 50.9%. Note that the annual dividend of ¥400 for FY2025 (ending March 2025) included a commemorative dividend of ¥100 (¥50 each at end of second quarter and year-end). Regarding share buybacks, the policy is to implement them as appropriate, comprehensively taking into account the total payout ratio and other factors depending on the management environment.
ESG
With a target of carbon neutrality by 2050, the company is leveraging the environmental advantages of its electric furnace business, promoting the circular economy, and implementing TCFD disclosures. In FY2025, it achieved a 40.6% reduction in CO2 emissions compared to FY2013 levels (156,774 t-CO2), while also strengthening initiatives on the social and governance fronts, including the formulation of a human rights policy, establishment of anti-bribery guidelines, promotion of DX, and development of an environment supporting diverse talent.
Last updated: June 25, 2026