JAPAN SECURITIES FINANCE CO., LTD.
8511・Prime Market・Other Financing Business
Governance
As a company with a Nomination Committee, etc., separates supervision and execution. The Board of Directors consists of 7 directors (5 outside, 2 internal), with the Board chair and the chairs of all three committees—Nomination, Audit, and Compensation—held by outside directors. In FY2025, the Board of Directors met 12 times, and an effectiveness evaluation is conducted annually.
Risk Management
The Company integrates management control and risk management using a Risk Appetite Framework (RAF). The Board of Directors determines and oversees risk management policies and risk appetite indicators, establishing a mutual check-and-balance structure between business operation departments and risk management departments, along with an integrated risk management framework. Climate change risk is also managed within this integrated risk management framework.
Shareholder Returns
Annual dividend for FY2026 (ending March 2026) is ¥86 per share (interim ¥40, year-end ¥46), with a payout ratio of 66.3%. For FY2027 (ending March 2027), the company forecasts ¥94 per share (interim and year-end ¥47 each), with an expected payout ratio of 69.2%. Share buybacks are also being continued (¥3,401 million in the current fiscal year).
Dividend Policy
The basic policy is to pay dividends twice a year, at interim and year-end. The annual dividend per share for FY2026 (ending March 2026) is ¥86 (interim ¥40, year-end ¥46), with a payout ratio of 66.3% and a net asset dividend ratio of 5.2%. For FY2027 (ending March 2027), the company forecasts ¥94 per share (interim and year-end ¥47 each), with an expected payout ratio of 69.2%. Note that the dividend for FY2025 (ended March 2025) included a special dividend (¥8 each for interim and year-end).
ESG
The company has conducted analysis of climate change risks and opportunities (2°C and 4°C scenarios) in line with TCFD recommendations, reducing CO2 emissions (Scope 1+2) from 874t-CO2 in FY2020 to 671t-CO2 in FY2025. It is advancing initiatives across the E, S, and G areas, including joint research with the University of Tokyo on distributed ledger technology (DLT), international cooperation with Asian securities finance companies, and the newly established human rights policy in October 2024.
Last updated: June 24, 2026