MORY INDUSTRIES INC.
5464・Standard Market・Iron & Steel
Governance
The company has adopted a company with an audit and supervisory committee structure, with the Board of Directors delegating business execution to executive officers while focusing on its supervisory function. The Audit and Supervisory Committee consists of four members, comprising one full-time member and three outside directors (two certified public accountants and one attorney), and the Board of Directors meets 15 times a year with full attendance.
Risk Management
The Board of Directors determines the basic policy for risk response, and the executive officers responsible for each department develop and implement specific systems. A Sustainability Committee, chaired by the Representative Director, selects priorities and evaluates sustainability-related risks, and a system has been established to report necessary matters to the Board of Directors.
Shareholder Returns
Dividends are paid twice a year with a target consolidated payout ratio of approximately 40%. For FY2026 (ending March 2026), the interim dividend was ¥16 and the year-end dividend ¥20 (annual total of ¥36, post stock split), for a payout ratio of 40.7%. For FY2027 (ending March 2027), an annual dividend of ¥34 (interim ¥16, year-end ¥18) is forecast. Share buybacks during the period were nearly zero.
Dividend Policy
While maintaining a virtually debt-free financial position, the company targets a consolidated payout ratio of approximately 40%. Its basic policy is to pay dividends twice a year: an interim dividend (resolved by the Board of Directors) and a year-end dividend (resolved at the general shareholders' meeting). A 5-for-1 stock split was implemented effective April 1, 2025. For FY2026 (ending March 2026), actual results were an interim dividend of ¥16 and a year-end dividend of ¥20 (annual total of ¥36, total dividends of ¥1,374 million, payout ratio of 40.7%). For FY2027 (ending March 2027), the forecast is an interim dividend of ¥16 and a year-end dividend of ¥18 (annual total of ¥34, forecast payout ratio of 40.3%).
ESG
The company has established a Sustainability Committee chaired by the Representative Director to promote ESG management. It has set targets to reduce Scope 1 and 2 CO2 emissions by 46% by 2030 (versus FY2013 levels) and to achieve carbon neutrality by 2050. In terms of human capital, the company is working on diversity, health, and occupational safety initiatives, including promoting women's participation (6.1% in sales positions and 2.8% in technical positions, against a target of 8.0%), extending the retirement age (to 65, effective April 2025), and achieving a 72.7% rate of paternity leave uptake among male employees.
Last updated: June 23, 2026