TOSEI CORPORATION
8923・Prime Market・Real Estate
Governance
The Board of Directors consists of 9 directors (3 of whom are outside directors), and all 4 auditors are outside auditors. The company has adopted an executive officer system and has established a voluntary Nomination and Compensation Advisory Committee as well as a Corporate Governance Meeting (held monthly). The company's organizational structure is that of a company with a board of auditors.
Risk Management
The Risk & Compliance Committee, reporting directly to the Board of Directors, oversees group-wide risk management, meeting monthly to manage approximately 30 key risk items. Climate change risk is overseen by the Sustainability Committee and is integrated into company-wide risk management under a framework based on TCFD recommendations.
Shareholder Returns
For FY2026 (ending November 2026), a year-end lump-sum dividend of ¥55 per share (post stock split) is planned. FY2025 (ended November 2025) actual dividend was ¥100 (pre-split). No change to the full-year earnings forecast, and no revision to the dividend forecast. The company will consider implementing share buybacks by comprehensively assessing the management environment, share price trends, and other factors.
Dividend Policy
The basic policy is to maintain stable dividends, determined by comprehensively considering earnings trends, the management environment, and business plans. Dividends are paid once a year as a year-end dividend (interim dividends are also permitted under the Articles of Incorporation). The FY2025 (ended November 2025) actual dividend was ¥100 per share (pre stock split). The forecast for FY2026 (ending November 2026) is ¥55 per share (following the 1-for-2 stock split effective December 1, 2025). The policy is not to pay interim dividends (the second-quarter-end dividend is ¥0). Under the medium-term management plan "Further Evolution 2026," the company aims to gradually raise the payout ratio from 30% to 35% over three years.
ESG
The company endorses the TCFD recommendations and has set targets to reduce Scope 1+2 GHG emissions by 50% by FY2030 (compared to the base year FY2022) and achieve net zero by FY2050 (FY2024 actual: 3.3 thousand t-CO2). In terms of human capital, it has established KPIs such as a female manager ratio of 10% or higher and a male childcare leave take-up rate of 90% or higher; the male childcare leave take-up rate achieved 100%, while the female manager ratio stood at 4.9%, falling short of the target.
Last updated: February 25, 2026