Meiwa Estate Company Limited
8869・Standard Market・Real Estate
Governance
Company with a Board of Corporate Auditors. The Board of Directors comprises 12 members in total (as of the securities report filing date) — 10 internal directors and 2 outside directors — and the company employs both an executive officer system and a divisional (headquarters) structure. It has established a Risk Management Committee, a Compliance Committee, and a Sustainability Committee. During the fiscal year under review, the Board of Directors met 17 times, with all directors attending every meeting (Mr. Yoshizawa attended all 13 meetings held after his appointment).
Risk Management
The company has established a company-wide risk management framework based on its Risk Management Regulations, under which business risks are overseen by the Risk Management Committee (comprising directors and executive officers, meeting monthly on a regular basis). Sustainability-related risks are managed by the Sustainability Committee, and a two-tier structure is adopted whereby the Risk Management Committee has overall control over matters anticipated to affect the entire group.
Shareholder Returns
The company will continue its policy of targeting a payout ratio of 30% during the medium-term management plan period. For FY2026 (ending March 2026), it will pay ¥45 per share (ordinary dividend of ¥40 plus a commemorative dividend of ¥5 for the 40th anniversary of its founding), with total dividends of ¥1,055 million and a payout ratio of 27.6%. The forecast for FY2027 (ending March 2027) is ¥40 per share (payout ratio of 32.3%). No mention of share buybacks.
Dividend Policy
The company aims to continue stable dividend payments while achieving both enhanced corporate value through improved business performance and strengthened internal reserves to reinforce its financial structure. During the period of the "Medium-Term Management Plan 2027," it aims for shareholder returns targeting a payout ratio of around 30%. For FY2026 (ending March 2026), to commemorate the 40th anniversary of its founding, the company will pay ¥45 per share, consisting of an ordinary dividend of ¥40 plus a commemorative dividend of ¥5. For FY2027 (ending March 2027), it plans to pay ¥40 per share.
ESG
Sustainability disclosures aligned with TCFD recommendations are conducted centrally through the Sustainability Committee established in April 2022. GHG emissions target net zero by FY2050, with Scope 1 emissions reduced to 209 t-CO2 and Scope 2 emissions to 870 t-CO2 in FY2025. The proportion of environmentally symbiotic housing among Cleo-brand New-build Condominiums reached 90.9% in FY2025 (target: ZEH-M Oriented or higher for all properties by FY2030). On the human capital front, metrics such as a 21.4% ratio of female employees (non-consolidated) and a 100% health checkup participation rate are established and monitored.
Last updated: June 24, 2026