GLORY LTD.
6457・Prime Market・Machinery
Governance
The company is structured as a Company with an Audit and Supervisory Committee, comprising 10 directors (including 5 independent outside directors). It has established a Nomination Advisory Committee and a Compensation Advisory Committee, and has also introduced an executive officer system to separate the supervisory function from business execution.
Risk Management
The Company has established a Risk Management Committee chaired by the President and Representative Director, which promotes a risk management process covering sustainability-related risks, including climate change risk. Improvement of BCP, strengthening of cybersecurity, and response to geopolitical risk are positioned as priority policies under the 2026 Medium-Term Management Plan.
Shareholder Returns
Progressive dividend policy (based on ¥106 annual dividend for FY2024, ending March 2024) and DOE of 3% or more as the basic policy. Annual dividend for FY2026 (ending March 2026) is ¥112 (DOE 2.9%), with a total payout ratio of 126.4%. For FY2027 (ending March 2027), the DOE target has been raised to 4% or more, with an annual dividend of ¥154 planned. An additional resolution was made for share buybacks (upper limit of ¥12,000 million / 4 million shares).
Dividend Policy
The target for the 2026 Medium-Term Management Plan period (FY2025 (ending March 2025) to FY2027 (ending March 2027)) is a "progressive dividend based on the FY2024 (ending March 2024) dividend amount (¥106 per share annually) and a shareholders' equity dividend rate (DOE) of 3% or more." The annual dividend for FY2026 (ending March 2026) is ¥112 per share (interim ¥56 + year-end ¥56), with a DOE of 2.9% and a payout ratio of 39.3%. For FY2026 (ending March 2026) and FY2027 (ending March 2027), an additional target of a total payout ratio of 100% or more has been added. For FY2026 (ending March 2026), the total payout ratio, combining share buybacks (3,676,100 shares, total acquisition value of ¥13,481 million) and dividends, is 126.4%. For FY2027 (ending March 2027), the DOE target has been raised from the previous "3% or more" to "4% or more," with an annual dividend of ¥154 per share (interim ¥77 + year-end ¥77) planned. As a subsequent event, at the Board of Directors meeting on May 15, 2026, a resolution was made for share buybacks (upper limit of acquisition value ¥12,000 million, upper limit of shares acquired 4,000,000 shares, acquisition period from May 18, 2026 to March 31, 2027), and all acquired treasury shares are scheduled to be cancelled in full on June 30, 2027.
ESG
The company endorses the TCFD recommendations and has conducted scenario analyses under 1.5°C and 4°C scenarios. It has declared carbon neutrality (Scope 1 and 2) by 2050 and made a commitment to SBTi. In terms of human capital, it has identified "securing and developing talent that supports business strategy" as a materiality issue, and is engaged in initiatives such as DX talent development, promoting women's advancement, and certification as an Excellent Enterprise of Health and Productivity Management (continuously since 2020).
Last updated: June 25, 2026