Frontier Management Inc.
7038・Prime Market・Services
Governance
Company with an Audit and Supervisory Committee. The Board of Directors consists of 7 members in total: 3 internal directors and 4 audit and supervisory committee members (3 of whom are outside directors), representing an outside director ratio of approximately 43%. A voluntary Nomination and Compensation Advisory Committee has been established, with independent officers comprising a majority of its members, ensuring transparency in decision-making. Note that the 3 outside directors resigned effective February 20, 2026.
Risk Management
The Company has established a Risk Management Committee chaired by the Representative Director, which identifies, evaluates, and formulates countermeasures for risks in each department and monitors them (using a five-level evaluation). An emergency response headquarters system based on the crisis management regulations has also been put in place, with regular reporting to the Board of Directors. Note that the number of regular reports to the Board of Directors on the Risk Management Committee's monitoring results in FY2025 was 0 (FY2026 target: 2).
Shareholder Returns
The company targets a payout ratio of 40% (based on net income after deducting non-cash-flow items such as FCI gains/losses and valuation losses on investment securities), but recorded a net loss attributable to owners of the parent of ¥1,106,548 thousand for the fiscal year under review, and even after adjustment the figure remained a loss of ¥422,561 thousand, resulting in no dividend. The company plans to pay dividends in the following fiscal year, taking into account business performance and financial condition.
Dividend Policy
The company targets a payout ratio of 40% of net income attributable to owners of the parent (after deducting non-cash-flow items such as FCI gains/losses and valuation losses on investment securities). The basic policy is to pay a year-end dividend once a year, and interim dividends are also permitted under the Articles of Incorporation by resolution of the Board of Directors. No dividend was paid for the fiscal year under review due to the adjusted net loss.
ESG
In November 2022, the company established its Sustainability Basic Policy and materiality, and set up a Sustainability Promotion Committee. On climate change response, it conducted 1.5°C/4°C scenario analysis based on TCFD, targeting a 50% reduction in GHG emissions by FY2030 (ending December 2030) compared to 2021 levels, and net zero by 2050 (FY2025 actual result: -94.0%). On human capital, it established a DE&I Promotion Committee and disclosed indicators such as a male childcare leave uptake rate of 70.6%, a female manager ratio of 5.2% (target: 15%), and a stress check implementation rate of 97.3%. The compliance training participation rate was 96.1% (target: 100%).
Last updated: May 19, 2026