PIGEON CORPORATION
7956・Prime Market・Other Products
Governance
The company has a Board of Corporate Auditors. The Board of Directors consists of 8 members (including 5 independent outside directors, 3 women, and 1 non-Japanese national), and since March 2023, an independent outside director has served as Chairman of the Board. The company has established a voluntary Nomination Committee, Compensation Committee, and Governance Committee, with independent outside directors serving as chair and holding a majority of seats on each committee.
Risk Management
A GHO Risk Management Committee reporting directly to the Representative Director and President has been established, managing seven priority risk categories—compliance, finance, management administration, internal control, human rights, information security, SCM, and customer complaints—on a cross-group basis. Risk management committees have also been established in each business segment (Japan Business, China Business, Singapore Business, and Lansinoh Business), and a company-wide risk assessment is conducted. For climate-related risks, scenario analysis under two scenarios (1.5°C and 4°C) has been conducted, and response policies are deliberated by the Sustainability Committee.
Shareholder Returns
The annual dividend forecast for FY2026 (ending December 2026) is ¥76 per share (interim ¥38, year-end ¥38), maintaining the same level as the previous fiscal year's actual result. As the first year of the 9th Medium-Term Management Plan, the company aims for sustainable growth accompanied by profitability while continuing a policy of stable dividends. No change to the dividend forecast.
Dividend Policy
The basic policy is to actively return profits to shareholders through dividends from surplus while enhancing the financial base, taking into account medium-term changes in the business environment and business strategy. The annual dividend forecast for FY2026 (ending December 2026) (the first year of the 9th Medium-Term Management Plan) is ¥76 per share (interim ¥38, year-end ¥38), the same level as the previous fiscal year's actual result of ¥76. No change from the figures announced at the time of the FY2025 (ending December 2025) earnings release (February 13, 2026).
ESG
Under the "Pigeon Green Action Plan," the company has set a target of reducing Scope 1 & 2 GHG emissions by 70% by 2030 versus the 2018 baseline (FY2025 actual: 10,000 t-CO2e), and reducing Scope 3 emissions by 25% by 2030, having obtained SBTi certification. In human capital, the company has implemented advanced initiatives such as a 100% paternity leave take-up rate among male employees (averaging 45 days), first-time certification as a "White 500" Health & Productivity Management Outstanding Organization, and a global ratio of female managers of 38%. Human rights risk has been added as a key risk category, with human rights officers assigned to each business unit to promote human rights due diligence across the entire supply chain.
Last updated: March 19, 2026