Aoyama Zaisan Networks Company,Limited
8929・Standard Market・Real Estate
Governance
The company has a Board of Corporate Auditors. The Board of Directors consists of 10 directors (including 4 outside directors), and the Board of Corporate Auditors consists of 3 auditors (including 2 outside auditors). All outside directors have been registered as independent officers. The company has established a voluntary Nomination Committee and Compensation Advisory Committee, both structured with a majority of outside directors to ensure transparency. An executive officer system has been introduced to separate management oversight from business execution.
Risk Management
The company has established a Compliance Committee (with participation from external attorneys), a Sustainability Committee, and a Real Estate Project Advisory Council to manage risks across multiple layers. Climate change risk is overseen by the Sustainability Committee in coordination with the Board of Directors. Human capital risk is managed on a daily basis by the Human Resources Department, while company-wide risks fall under the jurisdiction of the Sustainability Committee and the Compliance Committee. Internal whistleblowing contact points have been established both internally (Human Resources and Legal departments) and externally through a third-party organization.
Shareholder Returns
For FY2026 (ending December 2026), the annual dividend forecast is ¥58 per share (interim ¥23 + year-end ¥35), representing an increase of ¥5 from the previous fiscal year's actual dividend of ¥53. The policy targets a payout ratio of 50% and a net asset dividend rate exceeding the cost of capital (approximately 8%), continuing progressive dividends. No share buybacks are planned.
Dividend Policy
The company has adopted a progressive dividend policy, prioritizing continuous dividend increases. It has set a target payout ratio of 50% and aims to maintain a net asset dividend rate exceeding the cost of capital (approximately 8%). The priority order for profit allocation is: (1) business investment/M&A, (2) shareholder returns, and (3) debt reduction. Dividends from retained earnings may be determined by resolution of the Board of Directors (as stipulated in the Articles of Incorporation). For FY2026 (ending December 2026), the annual dividend forecast is ¥58 (interim ¥23 + year-end ¥35), planned as an increase of ¥5 from the previous fiscal year.
ESG
The Sustainability Committee (established in February 2022, chaired by the Representative Director and President) works in coordination with the Board of Directors to oversee climate change response (endorsing TCFD and conducting 2°C/4°C scenario analysis), human capital, and social contribution activities. In terms of human capital, the company has been certified as an "Excellent Health Management Corporation 2026 (Large Enterprise Category)" for three consecutive years, maintains a 100% health checkup rate, and keeps its turnover rate below the industry average. It has set targets for the end of 2027 of a 35% ratio of female employees and a 25% ratio of female managers. The company is also focusing on transforming its business structure through the use of AI agents.
Last updated: March 24, 2026