Kurita Water Industries Ltd.
6370・Prime Market・Machinery
Governance
Transitioned to a company with a nomination committee, etc. in June 2023. As of the filing date of the Annual Securities Report, the Board of Directors consists of 8 directors (of whom 4 are outside directors), and Nomination, Audit, and Compensation Committees have been established. Following the Annual General Meeting of Shareholders on June 25, 2026, the number of outside directors is expected to increase to 5.
Risk Management
The General Manager of the Corporate Planning Office oversees company-wide risk management, conducting regular risk analysis and evaluation based on the "Company-wide Risk Map." Compliance and climate change matters are handled by the Sustainability Promotion Committee, while occupational health and safety are handled by the Headquarters Health and Safety Committee. A BCM framework based on ISO22301 has also been established.
Shareholder Returns
Stable dividend policy targeting a payout ratio of 30–50% (calculated cumulatively over the most recent five years). For FY2026 (ending March 2026), a dividend of ¥112 per share is planned (interim ¥56, year-end ¥56, up ¥20 year on year). For FY2027 (ending March 2027), a dividend of ¥134 per share is planned (interim ¥67, year-end ¥67). A share buyback with an upper limit of 5 million shares and ¥35.0 billion is planned (resolved by the Board of Directors on May 14, 2026).
Dividend Policy
On a consolidated basis, the company targets a payout ratio of 30%–50%, determined based on the cumulative payout ratio over the most recent five years, and strives to continue increasing dividends. The basic policy is to pay dividends twice a year, as an interim dividend and a year-end dividend. For FY2026 (ending March 2026), a dividend of ¥112 per share is planned (interim ¥56, year-end ¥56, up ¥20 year on year), representing a consolidated payout ratio of 77.1%. For FY2027 (ending March 2027), a dividend of ¥134 per share is planned (interim ¥67, year-end ¥67), with an expected consolidated payout ratio of 34.1%. When surplus funds are available, the company will consider share buybacks, etc., taking into account the stock price level, in order to improve capital efficiency and enhance shareholder returns. Pursuant to a resolution of the Board of Directors on May 14, 2026, the company plans to conduct a share buyback of up to 5 million shares of common stock (upper limit) and up to ¥35.0 billion in total acquisition price (upper limit) during the period from May 15, 2026 to March 31, 2027 (market purchases on the Tokyo Stock Exchange).
ESG
The company has identified eight materiality themes—including water resources, decarbonization, and the circular economy—as the "Kurita Group Materiality," and manages the volume of environmental contribution (water conservation, GHG reduction, etc.) generated through its CSV business, linking it to performance-based compensation as well. On climate change, the company obtained SBTi certification in April 2025 and achieved a 50% reduction in Scope 1+2 emissions versus FY2019 (FY2024 actual results). In terms of human capital, the company is promoting diversity, with the proportion of female managers at 5.8% (FY2025) and the proportion of employees hired mid-career at 19.8%.
Last updated: June 23, 2026