LAPINE CO.,LTD.
8143・Standard Market・Textiles & Apparels
Governance
A company with an Audit and Supervisory Committee. The Board of Directors consists of 10 members in total: 7 directors who are not Audit and Supervisory Committee members (2 of whom are outside directors) and 3 directors who are Audit and Supervisory Committee members (all 3 of whom are outside directors). The outside director ratio is 50% (5 out of 10 members). An executive officer system has been introduced to separate decision-making and supervisory functions from business execution functions. There is no mention in the securities report of the establishment of a Nomination Committee or a Compensation Committee.
Risk Management
The company has established a "Crisis Management Office" as the organization dedicated to risk management. In addition to formulating personal information protection regulations, providing employee training, and implementing safety control measures, it has set up an internal and external whistleblowing contact point called the "Lapine Group Helpline System," building a risk management framework that is integrated with compliance-oriented management. It is also noted that the company has recorded operating losses continuously since the 71st fiscal period, and that material doubt exists regarding its ability to continue as a going concern.
Shareholder Returns
No dividends will continue in FY2027 (ending February 2027). Annual dividends are forecast at ¥0 for both the first-quarter end and the fiscal year-end, following actual annual dividends of ¥0 in FY2026 (ended February 2026). Amid continued operating losses, the policy of suspending dividends is being maintained. Regarding share buybacks, a framework has been established under the Articles of Incorporation allowing flexible implementation via board resolution.
Dividend Policy
While the basic policy is to pay continuous and stable dividends, the annual dividend forecast for FY2027 (ending February 2027) is ¥0 (¥0 at first-quarter end, ¥0 at fiscal year-end). Actual annual dividends for FY2026 (ended February 2026) were also ¥0. The company has recorded operating losses continuously since the 71st fiscal year (ended February 2019), including an operating loss of ¥66 million in the current first quarter, and the suspension of dividends is expected to continue until a recovery in business performance is achieved.
ESG
A structure has been established for the Board of Directors to deliberate and examine sustainability issues. On the environmental front, the company is working to reduce fabric waste through mold-making and pattern research, and to reduce waste by drawing on kimono culture. On the human capital front, the company's policy is merit-based appointment and ensuring diversity, but at this stage it has not yet established ESG indicators or targets, which remain a matter for future consideration.
Last updated: May 29, 2026