FULUHASHI EPO CORPORATION
9221・Standard Market・Services
Governance
In June 2025, the company transitioned to a company with an Audit and Supervisory Committee. The Board of Directors consists of 9 members (including 4 independent outside directors), and the company has established a voluntary Nomination and Compensation Committee as well as a Compliance Committee. All members of the Audit and Supervisory Committee are outside directors, strengthening the oversight function.
Risk Management
The Company has established the "Risk Management Regulations," under which the Compliance Committee, chaired by the President and Representative Director, identifies risks and implements countermeasures. Sustainability-related risks, such as climate change, are consolidated and managed by the Sustainability Committee, established in October 2024, and a system has been put in place to report such matters to the Board of Directors.
Shareholder Returns
Under a progressive dividend policy, the annual dividend for FY2026 (ending March 2026) is ¥30 (interim ¥15, year-end ¥15), with a payout ratio of 39.0%. For FY2027 (ending March 2027), the annual dividend is planned to increase to ¥32 (payout ratio forecast at 41.6%). The medium-term plan sets a policy of a consolidated payout ratio of 35% or more (progressive dividend). A new shareholder benefit provision has been established (¥35,370 thousand).
Dividend Policy
The basic policy is a progressive dividend, targeting a consolidated payout ratio of 35% or more. Dividends are paid twice a year, as an interim dividend and a year-end dividend. The actual annual dividend for FY2026 (ending March 2026) was ¥30 (payout ratio of 39.0%), and the forecast annual dividend for FY2027 (ending March 2027) is ¥32 (payout ratio of 41.6%). The medium-term management plan "Fuluhashi Sustainable Plan 2030" also explicitly states a dividend policy of a consolidated payout ratio of 35% or more (progressive dividend).
ESG
Carbon neutrality by 2047 is set as a long-term goal, with a milestone of a 50% reduction in CO2 emissions by 2030 compared to FY2019 levels. The company is advancing environmental management based on Eco Action 21, participation in the wood biomass power generation business, and the introduction of CO2-free electricity. On the human capital front, targets have been set for a 7% ratio of female managers (FY2027 target) and a 100% rate of male employees taking childcare leave, with FY2025 results of 4.5% and 100%, respectively.
Last updated: June 16, 2026