TOHO HOLDINGS CO.,LTD.
8129・Prime Market・Wholesale Trade
Governance
As a company with an Audit and Supervisory Committee, the board consists of 9 directors (including 5 outside directors, an outside ratio of 55.6%), and since June 2025 has established a structure in which independent outside directors hold a majority. The company continues to pursue ongoing governance reforms, including the establishment of a new CGO position and responding to recommendations from the Special Committee for Governance Enhancement.
Risk Management
In 2025, the Group Compliance and Risk Management Committee was reorganized into a Compliance Committee and a Risk Management Committee, with the Risk Management Committee, chaired by the CGO, overseeing the early detection and identification of risks and the formulation of countermeasures. A framework has also been established whereby the Sustainability Promotion Committee identifies and assesses climate change risks and reports them to the Board of Directors.
Shareholder Returns
The dividend policy targets a DOE (dividend on equity) of 2% or more; the annual dividend for FY2026 (ending March 2026) is ¥165 per share (interim ¥45 + year-end ¥120), an increase of ¥100 year-on-year. The payout ratio is 60.8%, with total dividends of ¥10,710 million. A share buyback of ¥10.0 billion was also implemented. The forecast annual dividend for FY2027 (ending March 2027) is ¥180 per share.
Dividend Policy
The dividend policy targets a 'DOE (Dividend on Equity) of 2% or more,' with dividends paid twice a year through interim and year-end distributions. The annual dividend for FY2026 (ending March 2026) is ¥165 per share (interim ¥45 + year-end ¥120), with total dividends of ¥10,710 million, a payout ratio of 60.8%, and a DOE of 4.0%. The forecast annual dividend for FY2027 (ending March 2027) is ¥180 per share (interim ¥90 + year-end ¥90), with a forecast payout ratio of 90.3%.
ESG
The company has identified five materiality issues (compliance, stable supply of pharmaceuticals, regional healthcare, human capital development, and environmental impact reduction), achieving a 51.4% reduction in GHG emissions (Scope 1 and 2) in FY2025 compared to FY2019 levels (exceeding the 40% target). In terms of human capital, the company achieved a female manager ratio of 18.2% (Toho HD) and a 100% male childcare leave utilization rate, and has set numerical targets toward FY2028 and FY2030 (ending March 2028 and March 2030).
Last updated: June 24, 2026