Maxell, Ltd.
6810・Prime Market・Electric Appliances
Governance
The company operates as a Company with an Audit and Supervisory Committee, with a Board of Directors consisting of 7 members (3 of whom are outside directors). It has established voluntary Nomination and Compensation Committees, with outside directors serving as committee chairs to ensure the effectiveness of oversight functions. Following approval at the June 2026 Annual General Meeting of Shareholders, the company plans to move to a structure with 4 outside directors.
Risk Management
The Risk Management Committee meets once a year and manages risks under four categories: "Strategy," "Finance," "Hazard," and "Operations." The results are reported to the Internal Control Committee, and the Board of Directors has established a structure to oversee the internal control system as a whole.
Shareholder Returns
For FY2026 (ending March 2026), the annual dividend is ¥50 per share (interim ¥25, year-end ¥25), with total dividends of ¥2,001 million and a payout ratio of 24.7%. For FY2027 (ending March 2027), the dividend is planned to increase to ¥56 per share (interim ¥28, year-end ¥28) annually. During the fiscal year, the company acquired treasury shares totaling ¥13,232 million and retired 6,292,200 shares (13.40% of total shares issued) effective May 29, 2026.
Dividend Policy
The basic policy is to pay dividends that reflect business performance, implemented after comprehensively considering financial condition and future investment needs. The basic policy is to pay dividends twice a year (interim and year-end). For FY2026 (ending March 2026), the annual dividend is ¥50 per share (interim ¥25, year-end ¥25), with total dividends of ¥2,001 million, a payout ratio of 24.7%, and a dividend-on-equity (DOE) ratio of 2.2%. For FY2027 (ending March 2027), the forecasted annual dividend is ¥56 per share (interim ¥28, year-end ¥28), with a forecasted payout ratio of 30.8%.
ESG
The company endorses the TCFD recommendations and has completed scenario analysis. It has set targets of a 50% reduction in CO2 emissions (versus FY2014, ending March 2014) and a renewable energy ratio of 15% by FY2031 (ending March 2031), and achieving carbon neutrality by FY2051 (ending March 2051). As of FY2026 (ending March 2026), actual results show a 48% CO2 reduction rate and a 21% renewable energy ratio. In terms of human capital, the company focuses on acquiring and developing diverse talent and promoting D&I, while also advancing responsible procurement based on its Supply Chain CSR Procurement Guidelines.
Last updated: June 24, 2026