KAWAI MUSICAL INSTRUMENTS MANUFACTURING CO.,LTD.
7952・Prime Market・Other Products
Governance
Company with a Board of Corporate Auditors. The Board of Directors comprises 6 directors (2 outside, outside ratio 33.3%), with a director term of one year. The Corporate Governance Committee, which serves both nomination and compensation functions (chaired by an outside director, with independent officers holding a majority), has been established to ensure transparency.
Risk Management
The Risk Management Committee oversees company-wide risk, with committees for corporate ethics, information security, the global environment, disaster prevention, and others operating under it. The Sustainability Committee identifies and assesses ESG risks and has established a framework for sharing them with the Risk Management Committee.
Shareholder Returns
Progressive dividend continuation and maintenance of a total payout ratio of 50% or more are specified in the 8th Medium-Term Management Plan. The year-end dividend per share for FY2026 (ending March 2026) is ¥95 (total dividends of ¥820 million, payout ratio of 71.6%), unchanged from the previous fiscal year. ¥95 per share is also planned for FY2027 (ending March 2027). There was no share buyback in the current fiscal year.
Dividend Policy
The company implements stable dividends while securing internal reserves, taking into account consolidated business results, the management environment, and business development. The 8th Medium-Term Management Plan sets forth policies to "continue progressive dividends" and "maintain a total payout ratio of 50% or more." Currently, the basic policy is a single annual year-end dividend, and while an interim dividend system is in place, it has not been implemented. The year-end dividend per share for FY2026 (ending March 2026) is ¥95 (payout ratio of 71.6%), with the same amount of ¥95 planned for FY2027 (ending March 2027) as well.
ESG
As part of its climate change response, the company has set a target of reducing Scope 1+2 GHG emissions by 50% versus the FY2016 level (FY2025 actual reduction: 33.5%). In terms of human capital, it has set a target of a 12.5% ratio of female managers (target as of end-March 2028), and is promoting health-oriented management and DEI initiatives. The company is also advancing its response to social issues, including supply chain human rights due diligence and the establishment of a human rights policy.
Last updated: June 23, 2026