H2O RETAILING CORPORATION
8242・Prime Market・Retail Trade
Governance
The company has adopted an Audit and Supervisory Committee structure, with a board of 9 directors (including 4 outside directors, an outside ratio of at least one-third). It has established a Nomination and Compensation Advisory Committee (with a majority of independent outside directors) to ensure transparency in nominations and compensation.
Risk Management
With the Compliance & Risk Management Committee at its core, the Group has designated the Nankai Trough earthquake and information security (cyberattacks and personal data leaks) as key Group risks, addressing them through specialized subcommittees (fair trading, food hygiene, information security, disaster prevention, etc.) and conducting internal audits based on a risk approach. Climate-related risk management under the Sustainability Management Promotion Committee has been integrated into the company-wide risk management process.
Shareholder Returns
Annual dividend for FY2026 (ending March 2026) is ¥46 per share (interim ¥22 + year-end ¥24), an increase of ¥4 year-on-year. For FY2027 (ending March 2027), ¥48 per share (interim ¥24 + year-end ¥24) is planned. Share buybacks totaling ¥30.0 billion over three years under the medium-term management plan are also being continuously implemented.
Dividend Policy
The basic policy is to provide stable profit distribution while building an appropriate financial structure over the medium to long term and taking into account the cash flow necessary for growth investment and business performance each fiscal year. The optimal distribution of results is determined comprehensively based on the medium- to long-term plans for profit attributable to owners of parent, consolidated net assets, and consolidated cash flow. Dividends are paid twice a year, interim (November) and year-end (June). The annual dividend for FY2026 (ending March 2026) is ¥46 per share (interim ¥22, year-end ¥24), with total dividends of ¥5,340 million and a payout ratio of 18.1%. For FY2027 (ending March 2027), an annual dividend of ¥48 (interim ¥24 + year-end ¥24) is planned.
ESG
The company has set a long-term target of achieving net-zero GHG emissions by FY2050, aiming for a 30% reduction in Scope 1 and 2 emissions by FY2030 compared to FY2019 levels (FY2024 actual: approximately 10% reduction). In its human capital strategy, the company has established KPIs for the ratio of female managers (e.g., 35% at Hankyu Hanshin Department Stores by FY2030) and is working to promote diversity and enhance employee engagement, while also advancing sustainability management through the environmental-themed regional co-creation activity "Tsugu."
Last updated: June 23, 2026