HEIWA REAL ESTATE CO.,LTD.
8803・Prime Market・Real Estate
Governance
In June 2022, the company transitioned to a company with a Nomination Committee, etc. It has established a sophisticated governance structure comprising 9 directors (a majority of whom are outside directors, including 2 women), with outside directors serving as chairs of all of the Nomination, Audit, and Compensation Committees.
Risk Management
A Risk Management Committee, headed by the President and CEO (Representative Executive Officer), has been established to identify and address company-wide risks, including ESG-related risks such as climate change risk. With respect to climate-related risks, transition risks and physical risks are identified and assessed based on 1.5°C and 4°C scenario analyses, and a framework has been built for regular reporting to the Sustainability Committee.
Shareholder Returns
Continuing the FY2024–FY2026 policy of a 50% consolidated dividend payout ratio. The annual dividend for FY2026 (ending March 2026) is ¥98 per share (interim ¥36 plus year-end ¥62, of which ¥15 is a special dividend), an increase of ¥12 year-on-year after adjusting for the stock split, marking 9 consecutive years of dividend increases. For FY2027 (ending March 2026), an annual dividend of ¥103 is planned (10 consecutive years of dividend increases). Share buybacks are conducted flexibly.
Dividend Policy
The basic policy is to pay dividends twice a year, an interim dividend (record date September 30) and a year-end dividend (record date March 31), with a target consolidated dividend payout ratio of 50% for FY2024–FY2026. Share buybacks are conducted flexibly, taking into comprehensive account the stock price level, investment plans, financial condition, and other factors. The annual dividend for FY2026 (ending March 2026) is ¥98 per share (ordinary dividend ¥83 plus special dividend ¥15). This represents an increase of ¥12 from the prior-year result of ¥86, after adjusting for the stock split (1 share to 2 shares) effective July 1, 2025, marking 9 consecutive years of dividend increases since FY2017 (ended March 2017). For FY2027 (ending March 2026), an annual dividend of ¥103 is planned (interim ordinary dividend ¥44, year-end ordinary dividend ¥44, and year-end special dividend ¥15), which is expected to mark 10 consecutive years of dividend increases.
ESG
The company targets an 80% reduction in GHG emissions (Scope 1+2) by FY2025 versus FY2018 levels, and progress is on track, with FY2024 actual emissions at 9,389 t-CO2 (an approximately 69% reduction versus FY2018). On the human capital front, the company has set numerical targets such as a 16.7% ratio of female managers and an 81.1% paid leave utilization rate, and it also discloses climate-related information based on TCFD recommendations.
Last updated: June 24, 2026