Aqualine Ltd.
6173・Growth Market・Services
Governance
The Board of Directors consists of 3 members, including 2 outside directors (outside director ratio of approximately 67%), and the company has a Board of Corporate Auditors. In January 2025, the company was designated as a Securities on Alert by the Tokyo Stock Exchange, and it is working on a fundamental rebuilding of its internal control system, including the establishment and strengthening of a Governance Committee, internal controls, and a Compliance Committee. In addition, the company received notice of designation as a Stock Under Supervision in April 2026 and delisting in June of the same year.
Risk Management
Risks are identified and assessed at the Board of Directors meetings held monthly, with the Management Audit Department and the Internal Control & Compliance Committee conducting periodic risk analyses. The Company works to prevent misconduct before it occurs through collaboration with its retained legal counsel and the establishment of an internal whistleblowing system (Group Public Interest Disclosure Handling Regulations). Following a past incident of accounting irregularities, the Company is implementing recurrence prevention measures, including a review of the contract execution flow, accounting literacy training, and expansion of administrative department staff.
Shareholder Returns
No dividends for both FY2026 (ending February 2026) and the FY2027 (ending February 2027) forecast. Amid continued losses and the existence of material doubt about the going concern assumption, the conditions for paying dividends are not met, and no share buybacks have been conducted either.
Dividend Policy
The annual dividend for FY2026 (ending February 2026) is ¥0.00 (no dividend). The forecast for FY2027 (ending February 2027) is also ¥0.00 (no dividend). The company has continuously recorded operating losses and net losses since FY2020 (ending February 2020), and due to the existence of material doubt about the going concern assumption, no dividends have been paid.
ESG
As part of its human capital initiatives, the company achieved a 46.6% ratio of women in management positions (exceeding the 30% target), a 100% return rate after maternity/childcare leave, and a 100% rate of male employees taking childcare leave. Key sustainability issues are promoted through activity reports to the Board of Directors, but quantitative disclosures on climate change and similar matters have not been made.
Last updated: June 26, 2026