OVAL Corporation
7727・Standard Market・Precision Instruments
Governance
Company with an Audit and Supervisory Committee. The Board of Directors consists of 9 members in total: 5 internal directors and 4 outside directors serving as members of the Audit and Supervisory Committee. A Nomination and Compensation Advisory Committee has been established, chaired by an independent outside director who, together with other independent outside directors, holds a majority of seats.
Risk Management
A company-wide risk management system integrated with internal controls has been established, led by the Compliance Committee and the Corporate Planning Office. Each division conducts risk identification once a year, and the Audit Office, which reports directly to the President and Representative Director, is responsible for internal audits. Climate change risk is managed and evaluated in accordance with the ISO management system.
Shareholder Returns
For FY2026 (ending March 2026), the annual dividend was increased to ¥20 (interim ¥10, year-end ¥10), with a payout ratio of 30.8% and DOE of 2.7%. For FY2027 (ending March 2027), a further increase to an annual dividend of ¥28 (interim ¥14, year-end ¥14) is planned. During the fiscal year, the company acquired treasury shares totaling ¥1,299,895 thousand and retired 5,180,000 shares.
Dividend Policy
The basic policy is to pay dividends twice a year, an interim dividend and a year-end dividend. For FY2026 (ending March 2026), the annual dividend is ¥20 (interim ¥10, year-end ¥10), up from ¥16 in the previous fiscal year, with a payout ratio of 30.8% and DOE of 2.7%. The forecast for FY2027 (ending March 2027) is an annual dividend of ¥28 (interim ¥14, year-end ¥14). Retained earnings are to be used for renewal of production facilities, investment in business growth, and M&A.
ESG
The company is promoting the development and provision of decarbonization-related products, including flow meters for hydrogen and ammonia measurement, targeting a 50% increase in sales of such products by the end of FY2028 (ending March 2028) compared to FY2025 (ending March 2025), and a 10% reduction in its own CO2 emissions. In terms of human capital, the company is working on promoting women's advancement (targeting a ratio of women in managerial positions of 5% or more by the end of March 2030) and promoting DE&I. During the fiscal year under review, the ratio of women in managerial positions was 3.4%, and the rate of male employees taking childcare leave was 83.3%.
Last updated: June 19, 2026