Aozora Bank, Ltd.
8304・Prime Market・Banks
Governance
The company has a Board of Directors (5 out of 9 members are outside directors, a majority) under an Audit & Supervisory Board structure, and has established voluntary advisory bodies — the Nomination and Compensation Committee and the Risk Governance Committee — both of which have an independent outside director as chairperson and a majority of independent outside directors as members. Following the Annual General Meeting in June 2026, the number of outside directors is scheduled to increase to 6 out of 9.
Risk Management
Based on the master policy "Integrated Risk Management," the company classifies and manages credit, market, liquidity, and operational risks, and has established a Risk Appetite Framework. The Risk Governance Committee conducts specialized deliberations on the effectiveness of internal controls and the RAF, and each risk-responsible department regularly reports to the Board of Directors and other bodies under this established framework.
Shareholder Returns
Under the medium-term management plan "AOZORA2027," the company applies performance-linked dividends in principle, having paid an annual dividend of ¥91 per share (¥22 per quarter for three quarters plus a ¥25 year-end dividend) for FY2025. For FY2026, the company expects an annual dividend of ¥100 per share, with a payout ratio of 51.3%. No share buybacks are planned.
Dividend Policy
Under the medium-term management plan "AOZORA2027," covering the period from FY2025 to FY2027, the company's basic policy is to return profits to shareholders through dividends linked to performance, while balancing the maintenance of capital soundness with stable shareholder returns. Dividends continue to be paid on a quarterly basis. Actual results for FY2025 were an annual dividend of ¥91 per share (¥22 for Q1, ¥22 for Q2, ¥22 for Q3, and ¥25 as the year-end dividend), with a payout ratio of 49.0%. For FY2026, the company expects an annual dividend of ¥100 per share, with a payout ratio of 51.3%.
ESG
The company has set forth three materiality themes: "Contribution to the Future of the Economy and Society," "Response to Environmental Issues," and "Enhancement of Human Capital Value." It targets net-zero GHG emissions from its business operations by FY2030 (ending March 2031) and net-zero GHG emissions from its investment and loan portfolio by FY2050 (ending March 2051). In terms of human capital, the company has achieved a female executive officer ratio of 25% and a female manager ratio exceeding 15%, and has realized a 100% male childcare leave utilization rate.
Last updated: June 17, 2026