NAGASE & CO., LTD.
8012・Prime Market・Wholesale Trade
Governance
As a company with a Board of Corporate Auditors, the company has a Board of Directors comprising 9 directors (3 of whom are outside directors) and 22 executive officers, and has established voluntary Nomination Committee, Officer Compensation Committee, and Conflict of Interest Management Committee. The Board of Directors meets 17 times per year and conducts an effectiveness evaluation annually.
Risk Management
The Risk & Compliance Committee serves as the core body for developing risk management and compliance systems across the group. Sustainability risks are also managed by the Sustainability Promotion Committee, with both committees regularly reporting to the Board of Directors and the Board of Corporate Auditors.
Shareholder Returns
Shareholder return policy centers on continuous dividend increases and flexible share buybacks. For FY2026 (ending March 2026), the annual dividend was raised to ¥100 (interim ¥45 + year-end ¥55). The forecast for FY2027 (ending March 2027) is ¥27 per share (post stock split). The new medium-term management plan sets targets of achieving ROE of 9% and 30% EPS growth over three years.
Dividend Policy
The shareholder return policy is defined as continuous dividend increases and flexible share buybacks. Under the new medium-term management plan, the company aims for approximately 30% EPS growth over three years and targets achieving ROE of 9%. Share buybacks will be conducted flexibly, taking into account growth investment opportunities and balance with financial soundness, as well as the cost of capital and share price levels. The annual dividend for FY2026 (ending March 2026) is ¥100 (interim ¥45 + year-end ¥55), with a payout ratio of 31.3%. The forecast for FY2027 (ending March 2027) is an annual dividend of ¥27 (post stock split, following a 1-for-4 stock split), with a projected payout ratio of 32.0%.
ESG
Under its 2050 carbon neutrality declaration, the company has obtained SBTi certification, achieving a 49.2% reduction in Scope 1 and 2 emissions in FY2025 compared to FY2013 levels (exceeding the 37% target). In terms of human capital, the company reports an employee engagement score of 61.7 (surpassing the target of 60 or above) and a female manager ratio of 7.6% (targeting 10% or above by FY2028), and has been selected as a constituent stock in all six domestic ESG indices adopted by GPIF.
Last updated: June 26, 2026