Star Flyer Inc.
9206・Standard Market・Air Transportation
Governance
A company with a board of corporate auditors system, comprising 12 directors (including 7 outside directors). The outside director ratio is approximately 58%, and a Compensation Committee (with a majority of outside directors) has been established. The Board of Directors met 15 times and the Board of Corporate Auditors met 14 times during the fiscal year under review.
Risk Management
The Company has established the "Risk Management Regulations," "Safety Management Regulations," and "Compliance Regulations," and set up a Compliance Committee chaired by the President. All departments conduct the identification and assessment of risks and opportunities, including those related to climate change, once a year, and the Company also operates a Corporate Ethics Hotline (internal whistleblowing system).
Shareholder Returns
For FY2026 (ending March 2026), no dividend will be paid on common stock, continuing the no-dividend policy. Meanwhile, dividends were paid on Class A preferred shares (¥276,281.56 per share) and Class B preferred shares (¥51,010.05 per share), including cumulative unpaid dividends and interest accrued from FY2022 (ended March 2022) through FY2025 (ended March 2025) (total dividend amount ¥1,239 million, including capital surplus as a funding source). The dividend for preferred shares in FY2027 (ending March 2027) has not yet been determined.
Dividend Policy
No dividend will be paid on common stock in FY2026 (ending March 2026) either. For Class A preferred shares and Class B preferred shares, a year-end dividend including cumulative unpaid dividends and interest will be paid in FY2026 (ending March 2026) (Class A: ¥276,281.56 per share, Class B: ¥51,010.05 per share, total dividend amount ¥1,239 million). The funding source for the dividend includes capital surplus for the Class A preferred shares portion. The dividend forecast for FY2027 (ending March 2027) has not yet been determined for either common stock or preferred shares.
ESG
The company has identified 8 materiality themes (CO₂ reduction, environmental impact reduction, regional revitalization, social contribution, DE&I, respect for human rights, governance enhancement, and compliance enhancement). Aiming for net-zero CO₂ emissions by FY2050, it is promoting the introduction of A320neo aircraft and the use of SAF (Sustainable Aviation Fuel), and has also set human capital targets such as a female manager ratio of 29% or higher and a male childcare leave take-up rate of 90% or higher.
Last updated: June 25, 2026