PILOT CORPORATION
7846・Prime Market・Other Products
Governance
The company is structured as a company with an Audit and Supervisory Committee. The Board of Directors consists of 10 members, including 5 outside directors (all independent), and has established a voluntary Nomination and Compensation Committee (an advisory body) chaired by an independent outside director, aiming to separate oversight and execution functions.
Risk Management
Based on the "Pilot Group Risk Management Regulations" and the "Management Risk Management Regulations," a Risk Management Committee chaired by the Representative Director and President centrally manages risks across the Group. A system has been established to set up a countermeasure headquarters and respond promptly when a risk materializes. The Internal Audit Department regularly reports to the Board of Directors and the Audit and Supervisory Committee.
Shareholder Returns
Continuing the progressive dividend policy, the annual dividend forecast for FY2026 (ending December 2026) is ¥126 (interim ¥63, year-end ¥63, before considering the stock split). In February 2026, the company acquired 2,119,000 treasury shares (¥10,266 million) and retired 3,500,000 shares at the end of March. The company maintains its target of a total shareholder return ratio of 70% or more.
Dividend Policy
The company has adopted a progressive dividend policy and aims for a total shareholder return ratio of 70% or more, combining dividends and share buybacks. The basic policy is to pay dividends twice a year (interim and year-end). Actual results for FY2025 (ended December 2025) were interim ¥60 and year-end ¥60 (annual total ¥120). The forecast for FY2026 (ending December 2026) is interim ¥63 and year-end ¥21 (after the stock split; the annual total is not yet finalized). Separately, the company plans to implement a stock split effective July 1, 2026, splitting each share of common stock into three shares; before considering this stock split, the year-end dividend forecast for FY2026 (ending December 2026) is ¥63, and the annual dividend forecast is ¥126.
ESG
In response to climate change, the company supports the TCFD recommendations and has set a target of reducing Scope 1 and 2 emissions by 25% by 2030 compared to 2021 levels (FY2025 actual result: 9.33% reduction). In terms of human capital, the company has set a target of 13% for the ratio of female managers by 2027 (FY2025 actual result: 11.1%), recorded ¥193 million in human capital investment, and is implementing multifaceted measures such as promoting DE&I, declaring health management initiatives, and introducing an engagement survey. In 2025, the company obtained Eruboshi certification (3rd stage) for the first time.
Last updated: March 26, 2026