DOWA HOLDINGS CO., LTD.
5714・Prime Market・Nonferrous Metals
Governance
The company has adopted a Company with Audit & Supervisory Board structure and a holding company system, comprising 9 directors (4 of whom are outside directors) and 4 Audit & Supervisory Board members (3 of whom are outside members). It has established a voluntary Nomination Committee and Compensation Committee (both with a majority of outside directors) to ensure transparency and objectivity.
Risk Management
The company has established a 'Four Lines of Defense' framework consisting of operating subsidiaries (1st line), operating companies (2nd line), each department of the holding company (3rd line), and the Audit Department (4th line), and manages risk across four categories: strategic, economic, operational, and hazard. Important matters are reported to the Board of Directors, which provides oversight.
Shareholder Returns
The shareholder return policy under Mid-Term Plan 2027 is "the higher of a payout ratio of 35% or ¥150 per share." The annual dividend for FY2026 (ending March 2026) is ¥368 per share (ordinary dividend of ¥268 plus special dividend of ¥100), with total dividends of ¥21,766 million and a payout ratio of 35.1%. The forecast for FY2027 (ending March 2027) is ¥338 per share. Share buybacks were also implemented (acquisition amount for the current fiscal year: ¥9,991 million).
Dividend Policy
The dividend policy during the period of Mid-Term Plan 2027 (FY2026 (ending March 2026) to FY2028 (ending March 2028)) is "the higher of a payout ratio of 35% or ¥150 per share." The annual dividend for FY2026 (ending March 2026) is ¥368 per share (ordinary dividend of ¥268, special dividend of ¥100), with total dividends of ¥21,766 million and a payout ratio of 35.1%. The special dividend corresponds to 35% of the amount remaining after deducting the tax-equivalent amount from the extraordinary gain associated with the partial transfer of shares in Fujita Kanko Inc. The dividend forecast for FY2027 (ending March 2027) is ¥338 per share (planned payout ratio of 35.1%). Regarding share buybacks, the policy is to "consider them in light of future funding needs and financial condition."
ESG
The company has established 11 materiality items, including "Building a Resource-Circulating Society," "Climate Change Response," and "Strengthening Human Capital," and has set targets for carbon neutrality by 2050 and GHG reduction by 2030 (at least a 38% reduction at manufacturing sites, etc.). In terms of human capital, it discloses results such as a male childcare leave uptake rate of 82.9% and a paid leave utilization rate of 84.9%, and has also set quantitative targets for promoting DX and strengthening quality assurance.
Last updated: June 23, 2026