AOYAMA TRADING Co., Ltd.
8219・Prime Market・Retail Trade
Governance
The Board of Directors consists of 6 directors (including 3 outside directors, a 50% outside ratio) and 4 auditors (including 3 outside auditors), constituting a company with a Board of Corporate Auditors. It has established a Nomination Advisory Committee and a Compensation Advisory Committee, each chaired by an independent outside director, and separates management and execution through an executive officer system (9 members).
Risk Management
The company has established a Risk Management Committee, chaired by the President, which incorporates a Risk Management Subcommittee, a Compliance Subcommittee, and a Sustainability Subcommittee, and manages management strategy risks and business operation risks under a classified framework. The Internal Audit Department (12 members), which reports directly to the President, conducts internal audits across the group, and the company continuously updates and conducts drills for its BCP, while also maintaining an internal reporting system that includes an external anonymous reporting hotline.
Shareholder Returns
Policy adopts the higher of a payout ratio of 70% or DOE of 3%. Annual dividend for FY2026 (ending March 2026) is ¥136 per share (interim ¥55 + year-end ¥81), with a payout ratio of 94.5%. For FY2027 (ending March 2027), on a post-stock-split (1-for-3) basis, the annual dividend is forecast at ¥38 (interim ¥19 + year-end ¥19). The upper limit for share buybacks during the medium-term plan period is up to ¥10.0 billion.
Dividend Policy
The company adopts whichever is higher between a consolidated payout ratio of 70% or a dividend on equity (DOE) of 3%, and pays dividends twice a year (interim and year-end). The annual dividend for FY2026 (ending March 2026) is ¥136 per share (interim ¥55 + year-end ¥81), with total dividends of ¥6,554 million, a payout ratio of 94.5%, and DOE of 3.7%. Because results fell short of forecasts, the payout ratio exceeded the 70% benchmark, but the year-end dividend of ¥81 was maintained as most recently forecast. For FY2027 (ending March 2027), on a post-stock-split (1-for-3, effective April 1, 2026) basis, the annual dividend is forecast at ¥38 (interim ¥19 + year-end ¥19) (equivalent to ¥114 on a pre-split basis), with a forecast payout ratio of 71.0%.
ESG
As a response to climate change, the company conducted 1.5°C and 4°C scenario analyses based on the TCFD recommendations, targeting a 59% reduction in CO2 emissions (Scope 1+2) versus FY2013 levels by FY2026 (FY2024 actual: 54.2% reduction). In human capital, the company achieved a female manager ratio of 12.1% and a male childcare leave uptake rate of 86.0%. Regarding supply chain human rights management, it has registered 32 factories with Sedex, covering 60.7% of procurement value.
Last updated: June 25, 2026