SHIMAMURA CO., Ltd.
8227・Prime Market・Retail Trade
Governance
Company with a Board of Corporate Auditors. The Board of Directors consists of 8 members (including 3 outside directors, an outside ratio of 37.5%), and held 17 meetings in FY2024. A voluntary Nomination and Compensation Committee (comprising 2 representative directors and 3 outside directors, 5 members in total) and a Management Planning Committee have been established to strengthen fairness and transparency. The Group Management Council meets weekly (48 times in FY2024), building a structure that improves management efficiency and operational speed.
Risk Management
The Board of Directors determines the "Risk Management Regulations" and basic policy, while executive officers develop, operate, and evaluate the risk management system for their respective businesses. When new risks arise, the President promptly designates a responsible executive officer to respond. The company has established a multi-layered internal control system combining information asset management by the Information Security Committee, an internal whistleblowing hotline, internal audits by the Audit Office, and audits by the Board of Corporate Auditors. Regarding climate change risk, the company endorses the TCFD recommendations and conducts scenario analysis using IEA and IPCC scenarios (decarbonization scenario of 1.5-2°C and progressive warming scenario of 2.7-4°C). The estimated financial impact of carbon tax introduction as of 2050 is ¥3,802 million under the decarbonization scenario and ¥2,053 million under the progressive warming scenario.
Shareholder Returns
For FY2027 (ending February 2027), a 3-for-1 stock split of common shares was implemented (effective February 21, 2026). The forecast annual dividend per share after considering the split effect is ¥80 (interim ¥40 + year-end ¥40). The previous fiscal year's actual dividend (pre-split) was ¥215 (interim ¥100 + year-end ¥115). No change to earnings forecasts.
Dividend Policy
Dividends are paid twice a year (interim and year-end). A 3-for-1 stock split of common shares was implemented effective February 21, 2026, and the forecast annual dividend per share for FY2027 (ending February 2027), after considering the split effect, is ¥80 (interim ¥40 + year-end ¥40). The actual dividend for the previous consolidated fiscal year (pre-split) was ¥215 per share (interim ¥100 + year-end ¥115). The policy of targeting a payout ratio of approximately 35% and a DOE of approximately 3.0%, based on the medium-term management plan, remains unchanged. Internal retained earnings are to be allocated toward strengthening the financial structure and growth investments such as new store openings.
ESG
Under its "Shimamura-style ESG response," the company has set six key sustainability priorities: promoting a circular economy, GHG reduction, sustainable procurement, promoting diverse human resources, strengthening apparel infrastructure, and evolving governance. GHG emissions (Scope 1, 2) were reduced by 55.7% versus FY2013 (FY2023 actual), with a long-term target of a 60% reduction by 2030. The company continues to achieve zero product waste, with a hanger complete-circular recycling ratio of 75.4% (long-term target: 90%) and a sustainable product ratio of 27.5% (long-term target: 40%). In terms of human capital, approximately 90% of all employees are women, with a female manager ratio of 19.3% (long-term target: 23%), an employment rate of persons with disabilities of 5.03% (exceeding the statutory requirement), and a childcare leave return rate of 98.3%. The ESG Promotion Team holds regular monthly meetings and has established a governance structure that reports to the Board of Directors at least twice a year.
Last updated: May 12, 2026