TOPY INDUSTRIES, LIMITED
7231・Prime Market・Transportation Equipment
Governance
The company is a company with a board of company auditors (as of March 31, 2026), consisting of 8 directors (3 outside) and 4 auditors (2 outside). It plans to transition to a company with an audit and supervisory committee at the ordinary general meeting of shareholders in June 2026, after which it is expected to have a structure of 10 directors (4 outside). Both a nomination advisory committee and a compensation advisory committee have been established, each chaired by an outside director.
Risk Management
A structure has been established under the Risk Management Committee, centered on the entire group, to prevent risks before they occur and respond appropriately when they do. Each division and group company formulates an annual activity plan, and risk levels are assessed and addressed according to their significance. Activity details are reported to the Board of Directors, and on the financial side, the company prepares for liquidity risk through commitment line agreements with major financial institutions.
Shareholder Returns
During the medium-term management plan period (FY2025-FY2027), the policy is to implement progressive dividends, with the dividend amount determined based on a target DOE of approximately 2.5%. The annual dividend for FY2026 (ending March 2026) is ¥130 per share (interim ¥40 + year-end ¥90), with a payout ratio of 27.9%. FY2027 (ending March 2027) is planned at ¥135. Share buybacks are also being conducted (¥2,000 million in the current fiscal year).
Dividend Policy
During the period of the medium-term management plan "TOPY Active & Challenge 2027" (FY2025-FY2027), the policy is to implement progressive dividends (maintaining or increasing the per-share dividend amount), with the dividend amount determined with a target DOE (annual dividend amount ÷ consolidated shareholders' equity) of approximately 2.5%. Dividends are basically paid twice a year (interim and year-end), implemented flexibly upon resolution by the Board of Directors. Actual results for FY2026 (ending March 2026) were ¥130 per share annually (interim ¥40 + year-end ¥90), with a payout ratio of 27.9%. The forecast for FY2027 (ending March 2027) is ¥135 per share annually (interim ¥65 + year-end ¥70), with a payout ratio of 48.4%.
ESG
Under the "TOPY Sustainable Green Vision 2050" framework, the company is pursuing carbon neutrality for Scope 1, 2, and 3 CO2 emissions (2050 target) and has expressed support for TCFD. On the social front, the company is strengthening human capital initiatives, including a target of raising the female manager ratio to 10% or more (FY2030 target; FY2025 actual: 6.9%) and a male childcare leave utilization rate of 75.8%, while also conducting human rights due diligence across the entire supply chain.
Last updated: June 24, 2026