Maruichi Steel Tube Ltd.
5463・Prime Market・Iron & Steel
Governance
As a company with a Board of Corporate Auditors, it has 9 directors (5 outside) and 4 corporate auditors (3 outside), with the Board of Directors meeting 16 times per year. It has established voluntary Nomination and Compensation Committees chaired by an independent outside director, ensuring management independence and transparency.
Risk Management
The Sustainability Committee (chaired by the President, held semi-annually) comprehensively manages company-wide risks, while the Maruichi Group Carbon Neutrality Environmental Committee identifies and evaluates climate-related risks. The status of risk management is reported to the Board of Directors, and a framework is in place to reflect it in management strategy and the medium-term management plan.
Shareholder Returns
The annual dividend for FY2026 (ending March 2026) is ¥89.50 per share (interim ¥67 + year-end ¥22.50, converted for the stock split), with total dividends of ¥10,067 million and a payout ratio of 38.0%. For FY2027 (ending March 2027), the annual dividend is forecast at ¥52 (interim ¥26 + year-end ¥26). On the same day as the earnings announcement, the company resolved to conduct a share buyback with an upper limit of 6,000,000 shares and a total acquisition amount of ¥10.0 billion.
Dividend Policy
Dividends are determined comprehensively based on profit attributable to owners of parent on a consolidated basis. Dividends are paid twice a year, at the interim and year-end. The articles of incorporation stipulate that dividends of surplus may be paid flexibly by resolution of the Board of Directors. Note that a stock split at a ratio of 3 shares for every 1 share of common stock was implemented effective October 1, 2025.
ESG
The company supports the TCFD recommendations and has set targets of reducing domestic CO₂ emissions by 46% by 2030 (versus FY2013) and achieving carbon neutrality by 2050. In FY2026 (ending March 2026), Scope 1 emissions were 21,796 t-CO2 and Scope 3 emissions were 1,405,611 t-CO2. In terms of human capital, the company discloses a male childcare leave uptake rate of 64.3% and a ratio of women in management positions of 5.0%, and is working to promote diversity.
Last updated: June 19, 2026