SMK Corporation
6798・Prime Market・Electric Appliances
Governance
The Board of Directors consists of 6 directors (including 3 outside directors, an outside ratio of 50%) and a Board of Corporate Auditors of 3 auditors (including 2 outside auditors); the company has adopted the Audit & Supervisory Board structure. It has introduced an executive officer system to separate decision-making from business execution. With a diverse composition including female and foreign directors, the Board of Directors held 11 meetings during the fiscal year under review.
Risk Management
The company has established a Crisis Management Committee chaired by the President and is promoting BCM (Business Continuity Management) across the group based on its Crisis Management Regulations. It has also put in place a Compliance Committee, a Security Export Control Committee, and an internal whistleblowing system (SMK Ethics Helpline), managing export control, personal information, environmental risks, and other matters on multiple fronts. In July 2025, the company received a recommendation from the Japan Fair Trade Commission based on a violation of the Act against Delay in Payment of Subcontract Proceeds, and is working to strengthen measures to prevent recurrence.
Shareholder Returns
For FY2026 (ending March 2026), the annual dividend is ¥100 (interim ¥50, year-end ¥50), a decrease from ¥140 in the previous fiscal year. The same amount of ¥100 is planned for FY2027 (ending March 2027). A small-scale share buyback was conducted (¥3 million during the period). The company continues its dividend policy targeting a DOE of approximately 2%.
Dividend Policy
During the period of the Medium-Term Management Plan "SMK Next100" (FY2025 (ending March 2025) to FY2027 (ending March 2027)), the company implements dividends targeting a dividend on equity (DOE) of approximately 2%, on the premise of maintaining financial soundness. The basic policy is to pay dividends twice a year: an interim dividend (resolved by the Board of Directors) and a year-end dividend (resolved by the General Meeting of Shareholders). Actual results for FY2026 (ending March 2026) were an interim dividend of ¥50 and a year-end dividend of ¥50 (total ¥100; total dividend amount ¥638 million; dividend on net assets ratio of 2.1%). The forecast for FY2027 (ending March 2027) is also an interim dividend of ¥50 and a year-end dividend of ¥50 (total ¥100).
ESG
Endorsing the TCFD recommendations, the company is promoting the introduction of solar power generation and other initiatives with the goal of achieving carbon neutrality by 2045 and reducing CO2 emissions by 40% by 2030 (versus FY2020 levels). In terms of human capital, the company is promoting improvements in the ratio of female and foreign national managers as well as organizational culture reform, and achieved zero serious workplace accidents in FY2026 (ending March 2026). A CSR and Sustainability Committee has been established to oversee climate change, human rights, and occupational health and safety.
Last updated: June 22, 2026