FRIENDLY CORPORATION
8209・Standard Market・Retail Trade
Governance
Company with an Audit and Supervisory Committee. The Board of Directors consists of 6 members in total—3 internal and 3 outside directors (outside director ratio of 50%). Meetings are held monthly to ensure prompt decision-making and mutual checks and balances. No nomination committee or compensation committee has been confirmed to be established. The company has adopted an executive officer system to separate management decision-making from business execution.
Risk Management
The Company has established Crisis Management Regulations, under which each director reports risk assessments and countermeasures for their assigned area to the Board of Directors. In the event a loss occurs, a Risk Countermeasures Headquarters is set up. The Compliance Committee, Internal Audit Office, and Audit and Supervisory Committee work together, and an internal whistleblowing system has also been established. As a climate change risk, food waste losses are monitored and reported to the Board of Directors on a monthly basis.
Shareholder Returns
For FY2026 (ending March 2026), no dividends will be paid for either the interim or year-end period (annual dividend of ¥0). Common stock, Class A preferred stock, and Class B preferred stock are all non-dividend-paying for the entire period. The company remains in a state of negative net worth (excess liabilities), and its listing on the TSE Standard Market is scheduled to be delisted as of April 27, 2026. 3,897 treasury shares are scheduled to be retired as of April 28, 2026.
Dividend Policy
For FY2026 (ending March 2026), the annual dividend for common stock, Class A preferred stock, and Class B preferred stock is all ¥0 (no dividend). The company continues to be in a state of negative net worth (excess liabilities) and is not in a position to pay dividends. Furthermore, due to a share consolidation, the company is scheduled to be delisted as of April 27, 2026, rendering any future dividend policy effectively moot.
ESG
In terms of the environment, the company has set a target of keeping the food waste loss-to-sales ratio below 1.5% (actual result for the fiscal year under review: 2.6%) and has launched a task force to reduce food ingredient waste losses. In terms of human capital, the company has set a target of keeping the employee turnover rate below 20% (actual result for the fiscal year under review: 7.1%) and has implemented measures such as introducing a role-based grading system and formalizing rules on rest intervals between shifts. The Compliance Committee meets monthly to monitor labor management.
Last updated: June 27, 2025