Makino Milling Machine Co., Ltd.
6135・Prime Market・Machinery
Governance
The Board of Directors consists of 10 members in total, 6 internal and 4 outside directors (a company with a Board of Corporate Auditors). The ratio of outside directors is 40%. A voluntary committee combining nomination and compensation functions (the Nomination and Compensation Committee) was established in June 2021, chaired by an outside director.
Risk Management
A system is in place whereby normal risks are managed by the responsible director or department head, while significant risks are deliberated and decided upon by the Board of Directors. The Risk Management Committee, an advisory body to the President, consolidates and deliberates on the risk reduction and monitoring activities of each department, while climate change risk is managed and assessed by the Sustainability Promotion Office.
Shareholder Returns
For FY2026 (ending March 2026), the annual dividend per share is ¥270 (interim ¥0 + year-end ¥270), with total dividends of ¥6,315 million and a payout ratio of 30.1%. The forecast for FY2027 (ending March 2027) is an increased annual dividend of ¥340 (interim ¥160 + year-end ¥180). Share buybacks in the current period were minor at ¥5 million.
Dividend Policy
The basic policy is to return value to shareholders through stable and continuous dividends. Dividends are paid twice a year: an interim dividend (resolved by the Board of Directors) and a year-end dividend (resolved by the General Meeting of Shareholders). For FY2026 (ending March 2026), the actual dividend was ¥270 in total (interim ¥0 + year-end ¥270), with total dividends of ¥6,315 million, a payout ratio of 30.1%, and a dividend-to-net-assets ratio of 2.6%. For FY2027 (ending March 2027), the forecast is a total dividend of ¥340 (interim ¥160 + year-end ¥180), with a projected payout ratio of 36.0%.
ESG
The company has set a goal of achieving carbon neutrality by 2050, and has obtained SBT certification for its targets of reducing Scope 1 and 2 CO2 emissions by 42% by 2030 compared to 2022 levels, and reducing Scope 3 (Categories 1 and 11) emissions by 25%. In terms of human capital, the company has set a target of raising the ratio of female managers to 4% by 2029, and is promoting diversity and talent development.
Last updated: June 19, 2026