Tohoku Steel Co.,Ltd.
5484・Standard Market・Iron & Steel
Governance
The company is structured as a company with a board of corporate auditors, with a board of directors comprising 7 members (including 2 outside directors). Since June 2021, it has introduced an executive officer system, establishing a management committee and executive officer committee to accelerate decision-making and strengthen oversight.
Risk Management
The Company has established the "Sustainability Risk Management Committee," chaired by the President and Representative Director, and has built a system for monitoring risks based on a risk map that is updated annually, with results reported to the Board of Directors.
Shareholder Returns
For FY2026 (ending March 2026), in light of the tender offer (TOB) by Daido Steel, the company will not pay a year-end dividend, resulting in an annual dividend of ¥15 (interim dividend only), a significant decrease from ¥40 in the previous fiscal year. Payout ratio is 8.7%. Since the company is scheduled to be delisted following the completion of the TOB, no dividend forecast for the next fiscal year has been disclosed. No share buybacks were conducted during the fiscal year under review.
Dividend Policy
The company's basic policy had been to distribute profits based on business performance; however, since the tender offer price set by Daido Steel Co., Ltd. was determined on the premise that no year-end dividend would be paid for FY2026 (ending March 2026), the Board of Directors resolved not to pay a year-end dividend for FY2026, conditional on the completion of the tender offer. The annual dividend for FY2026 will therefore total ¥15, consisting of an interim dividend of ¥15 and a year-end dividend of ¥0 (payout ratio of 8.7%). As the company is expected to be delisted following the tender offer and subsequent procedures, no dividend forecast for FY2027 (ending March 2027) has been disclosed.
ESG
The company has set a target of reducing CO2 emissions by 30% by 2030 (versus 2013 levels) and is promoting environmental management based on ISO14001. In terms of human capital, a new personnel system was introduced in April 2024, with initiatives addressing diversity and the strengthening of human capital, including the promotion of women's participation, encouraging male employees to take childcare leave, and supporting the acquisition of doctoral degrees.
Last updated: June 30, 2026