Microwave Chemical Co., Ltd.
9227・Growth Market・Services
Governance
Company with an Audit and Supervisory Committee. The Board of Directors consists of 6 directors (3 outside directors, 50% outside ratio) and held 18 meetings during the fiscal year under review. No advisory committee for nominations or compensation has been established, but 3 outside directors participate in deliberations from an objective standpoint. The accounting auditor is Taiyo LLC (Audit Corporation).
Risk Management
The Company has established the "Compliance and Risk Management Regulations" and built a risk assessment and management framework within the responsible departments. Material risks are deliberated by the Board of Directors, and the Company strives to prevent risks before they occur and to detect them at an early stage by utilizing the advice of external experts such as attorneys, certified public accountants, and patent attorneys. Risk management education and training for officers and employees are also conducted on an ongoing basis.
Shareholder Returns
No dividends since founding. Year-end dividend forecast for FY2026 (15-month period ending June 2026) also remains ¥0. The company is in a stage of upfront investment in R&D and is not in a financial position to pay dividends, prioritizing the strengthening of retained earnings. No share buybacks or shareholder benefit programs are conducted.
Dividend Policy
The company is in a stage of upfront investment in R&D and is not in a financial position to pay dividends, and has remained dividend-free since its founding. It prioritizes building up retained earnings in order to strengthen its financial base and expand its business. The annual dividend forecast for FY2026 (a 15-month period from April 1, 2025 to June 30, 2026) is ¥0. If dividends are paid, the basic policy is a single year-end dividend, and under the articles of incorporation, an interim dividend (record date: December 31 each year) may also be implemented by resolution of the Board of Directors. There has been no revision from the most recent dividend forecast.
ESG
With a vision of "globalizing the microwave process as a global standard," the company positions chemical process innovation that contributes to energy conservation and CO2 reduction at the core of its business. In terms of human capital, it treats "forming an autonomous group of professionals" as its top priority, promoting the recruitment and development of diverse specialized talent and the introduction of a proprietary competency system. Employee headcount was 49 as of the actual results for FY2025 (ended March 2025), with a target of 59 for FY2026 (ending June 2026).
Last updated: June 26, 2025