ESPEC CORP.
6859・Prime Market・Electric Appliances
Governance
The company is structured as a company with an audit and supervisory committee, comprising 10 directors (4 of whom are outside directors). It has established a voluntary nomination and compensation committee (chaired by an outside director), with outside directors making up the majority to ensure transparency and objectivity.
Risk Management
The Company has established a Risk Management Committee, which collaborates with the Internal Control System Committee and the Sustainability Promotion Headquarters to classify and evaluate risks across four quadrants. Climate change risks are also managed in coordination with ISO14001 and the company-wide Environmental Management Committee, and a system has been established to report material risks to the Board of Directors.
Shareholder Returns
The basic policy is a consolidated payout ratio of 40% or higher, with an explicit target of a cumulative total return ratio of 50% or higher over the three-year period of the medium-term management plan (FY2025–FY2027) and no dividend cuts during that period. The annual dividend for FY2026 (ending March 2026) is ¥115 per share (interim ¥45 + year-end ¥70), representing a payout ratio of 42.5%. The same annual dividend of ¥115 is forecast for FY2027 (ending March 2027). Share buybacks are also conducted flexibly (¥2,751 million acquired in the current fiscal year).
Dividend Policy
The basic policy is a consolidated payout ratio of 40% or higher, combined with flexible share buybacks. Under the medium-term management plan "PROGRESSIVE PLUS 2027" (FY2025–FY2027), the company targets a cumulative total return ratio of 50% or higher over the three-year period, with no dividend cuts during that period. The annual dividend for FY2026 (ending March 2026) is ¥115 per share (interim ¥45 + year-end ¥70), representing a payout ratio of 42.5%. The forecast for FY2027 (ending March 2027) is also an annual dividend of ¥115 per share (interim ¥45 + year-end ¥70), with a forecast payout ratio of 41.8%.
ESG
The company endorses the TCFD and TNFD recommendations and has set an SBT-certified target of a 60% reduction in Scope 1+2 emissions by FY2030 (versus FY2019). In terms of human capital, it has set a target of 20% or more for the ratio of female managers by FY2030 and has already obtained Platinum Kurumin certification, promoting sustainability management that reflects seven materiality issues in its medium-term management plan.
Last updated: June 23, 2026