SUIDO KIKO KAISHA,LTD
6403・Standard Market・Machinery
Governance
The company operates as a company with an Audit and Supervisory Committee, comprising 10 directors (of which 5 are outside directors, an outside ratio of 50%). It has established a voluntary Governance Committee (responsible for nomination, compensation, and management of conflicts of interest with controlling shareholders), maintaining a governance framework with a high degree of independence and objectivity. Following the delisting associated with the share consolidation, the company plans to change to a company with a Board of Corporate Auditors and abolish the Governance Committee at the Annual General Meeting of Shareholders scheduled for June 29, 2026.
Risk Management
A system has been established in which department heads identify and manage risks specific to their operations and regularly report to the Board of Directors. In addition, the Internal Audit Office, which reports directly to the President, conducts internal audits, and both internal and external whistleblowing systems have been established. Regarding the Saudi Arabian subsidiary SKME, the company acquired 100% of its shares to expedite decision-making, and is working to reduce debt guarantee risk through the liquidation of the company by December 2027.
Shareholder Returns
No dividend (¥0) for FY2026 (ending March 2026). As the company is scheduled to be delisted following the tender offer by Metawater Co., Ltd., no dividend forecast for FY2027 (ending March 2026) has been disclosed. In the previous fiscal year (FY2025, ended March 2025), the year-end dividend was ¥55, with total dividends of ¥235 million and a payout ratio of 55.1%. Share buybacks were minimal (¥0 million).
Dividend Policy
The annual dividend for FY2026 (ending March 2026) is ¥0 (no dividend). Following the tender offer by Metawater Co., Ltd. (results announced on March 25, 2026), the company's shares are scheduled to be delisted through a series of procedures, and therefore no dividend forecast for FY2027 (ending March 2026) has been disclosed. In the previous fiscal year (FY2025, ended March 2025), the year-end dividend was ¥55, with total dividends of ¥235 million, a payout ratio of 55.1%, and a dividend on net assets ratio of 2.3%.
ESG
Based on its corporate philosophy, the company promotes the provision of products and services that contribute to improving the water environment and reducing CO2 emissions. In terms of human capital, it has set a target of 40% for new graduate female hires (against an actual average of 30% over the past six years) and a target of 100% for male employee take-up of childcare leave; the proportion of women among young and mid-career employees has risen from 3% at the end of FY2017 (ending March 2018) to 18%. The company regularly analyzes risks and opportunities by business and has established a system for reporting to the Board of Directors on a semi-annual basis.
Last updated: June 26, 2026