RYOHIN KEIKAKU CO., LTD.
7453・Prime Market・Retail Trade
Governance
Company with a Board of Corporate Auditors. As of the filing date, the Board of Directors consists of 3 internal directors and 5 independent outside directors (outside director ratio of 62.5%), and both a Nomination Advisory Committee and a Compensation Advisory Committee have been established, each chaired by an outside director. Following approval at the Annual General Meeting of Shareholders on November 23, 2025, the Board is scheduled to transition to 9 directors (4 internal and 5 outside). The Board of Directors met 13 times and the Board of Corporate Auditors met 16 times in FY2025 (ending August 2025). The company has adopted an executive officer system to separate oversight and execution. A Compliance & Risk Management Committee meets four times a year and reports to the Board of Directors. The company has entered into directors' and officers' liability insurance (D&O insurance) and has concluded limited liability agreements with all outside officers.
Risk Management
Based on the "Ryohin Keikaku Group Risk Management Regulations," the company identifies and evaluates risks across three areas: compliance risk, operational risk, and financial and disclosure risk. A dedicated Risk Management Department has been established, and a "Risk Management List" that reflects periodic reports from each department is managed in conjunction with operational manuals. Matters deliberated by the Compliance & Risk Management Committee (held 4 times in FY2025) are regularly reported to and approved by the Board of Directors. A 24-hour reporting contact point has been established across the group, including subsidiaries. A "Ryohin Keikaku Group Helpline" has been set up both internally and externally, with the external contact point staffed by attorneys.
Shareholder Returns
Continues semiannual dividends based on a 30% payout ratio target. For FY2026 (ending August 2026), the forecast is ¥16 interim and ¥16 year-end (total forecast of ¥32) on a post-stock-split basis. Actual results for FY2025 (ended August 2025) were ¥50 pre-split (¥22 interim, ¥28 year-end). Full-year earnings forecast has been revised upward. Share buybacks can be implemented by board resolution under the articles of incorporation.
Dividend Policy
Dividends are paid semiannually—an interim dividend (by board resolution) and a year-end dividend (by resolution of the general shareholders' meeting)—based on a target consolidated payout ratio of 30% (annual). A 2-for-1 stock split was implemented effective September 1, 2025. The forecast for FY2026 (ending August 2026) is a total of ¥32 on a post-split basis (¥16 interim, ¥16 year-end).
ESG
With the goal of becoming a "top runner of ESG management" by 2030, the company has set four key priority issues: (1) resource circulation and coexistence with nature, (2) resolution of regional issues, (3) empowerment of diverse individuals, and (4) governance based on public-interest-oriented human capitalism. The company has set a target to reduce GHG emissions (Scope 1 and 2) by 50% by 2030 compared to the FY2021 (ended August 2021) baseline; actual results for FY2024 (ended August 2024) were 75,194 t-CO2e (a 25.0% increase versus the base year). In September 2025, the company established MUJI ENERGY LLC, a renewable energy power generation business. The usage ratio of certified cotton (GOTS, CmiA, GRS, etc.) was 97.4% for clothing and accessories and 47.0% for household goods (FY2024, ended August 2024). The company is advancing information disclosure in line with the TCFD and TNFD frameworks, and has conducted scenario analysis under both 1.5°C and 4°C scenarios. ESG evaluation has been incorporated into officer compensation (non-monetary compensation), with the ESG evaluation coefficient for FY2025 (ending August 2025) at 100%. In terms of human capital, the company disclosed a female manager ratio of 33.2% and a male childcare leave uptake rate of 64.0% (for the reporting company), and holds monthly Diversity Committee meetings. External ESG evaluation scores from FTSE, MSCI, and others have improved, and the company has been selected as an SX stock by the Ministry of Economy, Trade and Industry and the Tokyo Stock Exchange.
Last updated: November 21, 2025